10 Best High Short Interest Stocks to Buy Now

8. Paramount Global (NASDAQ:PARA)

Short % of Float As of April 16: 11.07%

Number of Hedge Fund Holders: 54

Paramount Global (NASDAQ:PARA) is a media, streaming, and entertainment company that operates through TV Media, DTC, and Filmed Entertainment segments. It provides production, distribution, and advertising solutions. It operates in both the New York and San Francisco commercial real estate markets, but New York City drives most of its revenue

In Q4 2024, ~57,000 square feet were leased in New York, which contributed substantially to the total of 109,000 square feet leased company-wide. Although this quarterly leasing in New York didn’t meet revised internal targets, the pipeline remains robust, with strong interest from tenants, particularly in the financial services and legal sectors.

Paramount Global (NASDAQ:PARA) is encouraged by the current level of interest in its New York portfolio. After Q4, a new lease for 131,000 square feet was completed at 900 Third Avenue, which addresses both vacant and soon-to-be-vacant floors. The pipeline continues to grow, with ~350,000 square feet of leases out, half for vacant space and the remainder for space expiring in 2025 and 2026.