Short interest is significant because it helps investors to assess the value of a particular company. Always keep a keen eye on short-interest ratio data and high shirt interest rates when studying a stock. Let’s review the stocks with the highest short interest rate this week, June 3, 2021.
1. Workhorse Group Inc – 41.93%
Workhorse Group Inc (NASDAQ: WKHS) is a production business situated in Cincinnati, Ohio. They are attempting to develop electric-powered transport and utility vehicles. Steve Burns, co-founder and CEO of Workhorse, resigned from the firm in February 2019.
2. Clover Health Investments Corp – 36.10%
Clover Health Investments Corp (NYSE: CLOV) is a Medicare-affiliated Preferred Provider Organization (PPO) and Health Maintenance Organization (HMO). They aim to provide plans with affordable premiums, copays, and prescription medication charges.
3. Blink Charging Co – 35.88%
Blink Charging Co (NASDAQ: BLNK) is an electronic services company that develops and sells level 2 EV charging stations and networks for residential use. By installing and running EV charging networks across the world, they are paving the path for EV acceptability.
4. The GEO Group – 34.53%
The GEO Group (NYSE: GEO) is a multinational corporation based in the United States. Located in Boca Raton, Florida, they are a publicly traded real estate investment corporation that invests in privately operated jails and mental health institutions. They are dedicated to offering evidence-based rehabilitative treatments to clients.
5. Arcimoto Inc – 32.07%
Arcimoto Inc (NASDAQ: FUV). They are an automobile company that focuses on building the SRK, a three-wheeled electric vehicle. The company makes tools that aid in the transition towards a more sustainable transportation system.
Final Short Interest Thoughts
Short interest refers to the quantity of shares that have been sold as part of a short sale but have yet to be covered. If you need assistance getting started with investing in a certain stock, contact a trusted financial advisor.