15 Penny Stocks Poised To Explode According To Hedge Funds

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12. Foamix Pharmaceuticals Ltd (NASDAQ:FOMX)

In Foamix Pharmaceuticals Ltd (NASDAQ:FOMX), the number of funds holding shares fell by one to 16 during the second quarter, while the total value of their holdings declined to $57.95 million from $62.26 million and represented 33.50% of the outstanding stock. Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) is a clinical-stage pharmaceutical company that develops foam-based formulations. The company’s stock has slid into the penny-stock territory earlier this year, as the company reported worse-than-expected financial results.

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