Investors are always looking for new ways to profit from the stock market‘s most heavily shorted stocks. Shorted stocks have become the focus of many retail investors. This is especially true nowadays with the backing of the social communities, for example on reddit.
Here are the stocks with the largest short interest rate on the market this week of June 17, 2021.
1. Workhorse Group Inc. – 40.21%
Workhorse Group Inc (NASDAQ: WKHS). In its 50,000 sq. ft. factory in Loveland, OH, the Workhorse Group develops and manufactures battery-electric power trains. They build its battery-electric power trains with tried-and-true automotive-grade, mass-produced components.
2. Clover Health Investments Corp. – 36.60%
Clover Health Investments Corp (NYSE: CLOV). Clover Health is a Medicare-approved Preferred Provider Organization (PPO) and Health Maintenance Organization (HMO). This organization offers a Medicare Advantage plan that provides their clients with a variety of additional health benefits.
3. Arcimoto Inc. – 36.33%
Arcimoto Inc (NASDAQ: FUV). They are a company that designs and produces electric cars. The organization creates innovations to help in the migration to a more environmentally friendly transportation system.
4. The GEO Group – 35.74%
The GEO Group (NYSE: GEO). They deliver comprehensive solutions to a variety of government clients throughout the world. This company is dedicated to providing people with evidence-based rehabilitation programs.
5. Blink Charging Co. – 34.50%
Blink Charging Co (NASDAQ: BLNK). They are an electronic services business that designs and distributes home level 2 EV charging stations and networks. They are setting the stage for EV acceptance by constructing and operating EV charging networks.
Final Short Interest Thoughts
Navigating and learning how to invest in the stock market can be difficult for anyone. Short interest rates might reveal information about a stock’s future direction. Contact a financial advisor if you need assistance getting started with investing in any stocks that intrigue you on the stock market.