When stocks have a high short interest rate that indicates that investors believe their share prices will decline soon. Here are the stocks on the market with the highest short interest including Workhorse Group Inc, Root Inc, Ontrak Inc, Blink Charging Co, and Clover Health Investments.
1. Root Inc – 41.28%
Root Inc (NASDAQ: ROOT) is a management consulting company that helps companies with strategic change management and digital transformation. They aid in improving organizational growth trajectories, increasing commitment, and establishing careers.
2. Ontrak Inc – 39.50%
Ontrak Inc (NASDAQ: OTRK) assists those who have unresolved health conditions that lead to serious medical problems. They combine evidence-based psychosocial and medical therapies, which are administered in-person or by telehealth.
3. Blink Charging Co – 37.91%
Blink Charging Co (NASDAQ: BLNK) is an electronic services company that provides fast, level 2 EV Charging Stations and networks for homes. They are paving the way for EV acceptance by deploying and operating EV charging networks around the world.
4. Clover Health Investments Corp – 35.02%
Clover Health Investments Corp (NYSE: CLOV) is a Preferred Provider Organization (PPO) and a Health Maintenance Organization (HMO) that utilizes medicare. They strive to offer plans with low premiums, low copays, and low prescription drug costs.
5. Workhorse Group Inc- 34.21%
Workhorse Group Inc (NASDAQ: WKHS) is a Cincinnati, Ohio-based production company. Currently, they are concentrating on the development of electric-powered delivery and utility vehicles.
Final Short Interest Thoughts
Short interest can offer some insight into a stock’s future trajectory. High short interest indicates that investors are extremely pessimistic and can warn you of a potential plummet in the stock market. If you need help getting started with investing in any specific stock, feel free to consult with a trusted financial advisor.