These Stocks Under $5 Are Poised To Explode

4. Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR)

Investors with Long Positions (as of June 30): 31

Aggregate Value of Investors’ Holdings (as of June 30): $760.56 Million

Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR) also lost some of its appeal within the hedge fund industry, with the number of top hedge fund managers invested in the stock decreasing by four during the second quarter. At the same time, these investors accumulated only 1.30% of the company’s shares on June 30. Brazil’s state-run oil company, swallowed up by one of the biggest corruption scandals in the country, is believed to be moving in the right direction nonetheless, when it comes to its cost-cutting plan and tackling the corruption scandal which has engulfed it. However, the company’s shares lost nearly 52% during the third quarter, though they have bounced back by 14% since the beginning of the current quarter. Shah Capital Management, founded by Himanshu H. Shah, increased its stake in Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR) by 1.20 million shares during the latest three-month period, ending the quarter with 1.96 million shares.