10 Best Small Cap AI Stocks to Buy According to Short Sellers

3. Helix Energy Solutions Group, Inc. (NYSE:HLX)

Market Cap as of August 26: $1.68 billion

Number of Hedge Fund Holders: 29

Short % of Shares Outstanding as of July 31: 3.85%

Helix Energy Solutions Group, Inc. (NYSE:HLX) is an oil and gas services company that provides offshore services in well intervention and Remotely Operated Vehicle (ROV) operations of new and existing oil and gas fields. Its focus is to use AI to optimize operations, navigate efficiently, perform tasks with greater precision, and use analytics to help predict failures and reduce downtime.

In Q2 2024, Helix Energy Solutions Group, Inc. (NYSE:HLX) generated a revenue of $364.80 million, exhibiting 18.13% year-over-year improvement. The earnings per share were $0.21, which was $0.01 higher than analysts’ estimates.

The company reported that the deployment of specific models or designations for offshore vessels or equipment, Q4000 and Q7000, in Nigeria and Brazil, resulted in significant mobilization delays impacting its second-half 2024 outlook.

The shallow water decommissioning market in the Gulf of Mexico has underperformed this year. It is expected to rebound in 2025, though at a slower pace than in 2023. Management also claims that there’s a growing demand for work in West Africa, and the company will assess deployment based on market conditions.

The company’s robotics end market is robust, with supply tightening and increasing demand for cables and wind farms. There’s a strong project pipeline through 2028, with year-over-year growth expected. Such projections show that Helix Energy Solutions Group, Inc. (NYSE:HLX) is well-positioned for continued growth and value creation, making it a top small-cap AI stock to invest in.

The stock was spotted on 29 hedge funds’ portfolios at the close of Q2 2024. Millennium Management was the largest shareholder, with a position of $37,618,857.