5 Reddit YOLO Stocks That Are Losing Ground

4. Lannett Company, Inc. (NYSE: LCI)

Number of Hedge Fund Holders: 14  

Percentage Loss in Past Five Days: 8.2% 

Lannett Company, Inc. (NYSE: LCI) is a Pennsylvania-based firm that makes and sells generic versions of brand pharmaceutical products. It is placed fourth on our list of 10 Reddit YOLO stocks that are losing ground.

In earnings results for the fourth fiscal quarter, posted on August 25, Lannett Company, Inc. (NYSE: LCI) reported earnings per share of -$0.19, missing market estimates by $0.07. The revenue over the period was $106 million, missing estimates by over $4 million. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Lannett Company, Inc. (NYSE: LCI) with 1.9 million shares worth more than $9 million.