Meme stocks, which are popular among retail investors but have no obvious business-related reasons, have had their worst month in months. The short squeeze at GameStop Corp. pitted individual investors against hedge funds in a war for market supremacy. Hedge funds have lost billions of dollars as a result of short squeezes, while ordinary investors who launched them have profited handsomely. Short squeezes are common in stocks with strong short interest, such as PubMatic, Inc. and Beam Global. Over the last few days, equities have performed well. This is the best performance over a period of days since data has been kept. Bloomberg made the information public. It further revealed that in April 2009, this success came from shorted stocks.
Here is Insider Monkey’s list of the 10 best high short interest stocks to buy now. Cricut, Inc. is ranked tenth. Over the last three months, the stock has returned 27 percent to investors. The business sells a platform that allows customers to turn their ideas into professional products. Esperion Therapeutics, Inc. is rated ninth. The business is working on drugs to treat people who have high levels of low-density lipoprotein cholesterol. Blink Charging Co. is ranked ninth among the top ten high-short-interest companies to purchase right now. The company is based in Florida and produces and sells electric vehicle charging equipment. Over the last few months, it has returned 211 percent. Workhorse Group Inc. is ranked seventh. Over the last five days, the company’s stock has provided investors with returns of more than 8%. It has a market capitalization of around $1.4 billion. Exela Technologies, Inc. is the sixth best high short interest stock to purchase right now. The company is a favorite among retail investors, and its stock has risen in recent weeks as a result of increased interest in Reddit. For more details, click 10 Best High Short Interest Stocks to Buy Now.
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