10 Best Advertising Stocks to Buy According to Short Sellers

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1. Nexxen International Ltd. (NASDAQ:NEXN)

Short Interest as % of  Shares Outstanding: 0.08%

Number of Hedge Fund Investors In Q2 2024: 4

Nexxen International Ltd. (NASDAQ:NEXN) is an Israeli company that allows advertisers to buy ads and publishers to sell them. It operates demand and supply side platforms that enable publishers to work with advertisers and manage their ad inventory. Essentially, Nexxen International Ltd. (NASDAQ:NEXN)’s business is similar to Google’s ad business for firms that operate in Israel. This creates tailwinds and headwinds for the firm. On the former front, Nexxen International Ltd. (NASDAQ:NEXN) is targeting the emerging connected TV market which is growing in popularity among users. This provides it with a large potential market that it can grow comfortably in provided it captures an early share. However, on the latter front, a reliance on connected TV means that any weakness in this industry can hit Nexxen International Ltd. (NASDAQ:NEXN) hard due to a lack of business diversification.

NEXT is an advertisement stock with low short interest percentage. But our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NEXN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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