FUBO - 3 Heavily Shorted Stocks You Might Actually Want to Own
The GameStop (NYSE: GME) saga has taken some wild turns this month, and the volatility wouldn't be possible if it wasn't for heavy short interest . The video game retailer was a popular short for hedge funds -- the number of shares shorted exceeded GameStop's public float.
The problem here is that this company's fundamentals are weak and getting weaker with every passing year. Once the market gets past the "stick it to the man" garnish, this will be a stock that could be almost as dangerous to own on the way down as it was to short on its way up.
That said, there are dozens of other stocks out there that have more than 25% of their floats sold short, and they're not all companies whose best days are in a 2012 time capsule. Among the more than three dozen stocks on that list with market caps above $2 billion, I see Stitch Fix (NASDAQ: SFIX) , SmileDirectClub (NASDAQ: SDC) , and fuboTV 's (NYSE: FUBO) as three names worth owning.
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3 Heavily Shorted Stocks You Might Actually Want to Own