15 Penny Stocks Poised To Explode According To Hedge Funds

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14. Resolute Forest Products Inc (NYSE:RFP)

During the second quarter, the number of investors bullish on Resolute Forest Products Inc (NYSE:RFP) inched down by one to 15. These funds amassed $179.37 million worth of shares, representing 45.40% of float. Resolute Forest Products Inc (NYSE:RFP) sells forest products and its stock has been consistently declining since 2011. The decline is attributed to lower demand for print media, which represents around half of the company’s business. However, the management has been striving to reduce the importance of paper in its product mix in order to combat the headwinds. Until it does, the stock is likely to remain out of favor among investors.

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