5 Reddit’s WallStreetBets Stocks Under $5

4. CorMedix Inc. (NASDAQ:CRMD)

Number of Hedge Fund Holders: 5 

Share Price as of September 30: $4.66

CorMedix Inc. (NASDAQ:CRMD) is placed fourth on our list of 10 Reddit’s WallStreetBets stocks under $5. The company is headquartered in New Jersey and focuses on the development of drugs for the treatment of infectious diseases. 

CorMedix Inc. (NASDAQ:CRMD) has a market cap of $179 million and posted nearly $240,000 in revenue last year. The short interest on the stock is 5.41% and the 52-week price range lies between $4.36 and $18.60. 

At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $12.4 million in CorMedix Inc. (NASDAQ:CRMD), up from 3 in the previous quarter worth $17.5 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Elliott Management is a leading shareholder in CorMedix Inc. (NASDAQ:CRMD) with 1.5 million shares worth more than $10.6 million.