16 Best 52-Week Low Stocks To Buy Now According to Short Sellers

2. L3Harris Technologies Inc. (NYSE:LHX)

Short Interest as % of Shares Outstanding: 1.33%

L3Harris Technologies Inc. (NYSE:LHX) is a leading defense and aerospace technology company specializing in communication systems, electronic warfare, space systems, and mission-critical solutions. Serving the US Department of Defense, allied governments, and commercial customers, LHX delivers advanced technologies that enhance situational awareness, command and control, and national security. The company’s focus on innovation, including AI-driven defense solutions and next-generation space capabilities, positions it as a key player in modern warfare and global defense strategies.

The stock price of L3Harris Technologies Inc. (NYSE:LHX) is down 25% since the November elections as the markets likely expect declining geopolitical turmoil under the “Trump 2.0” regime, which would translate into less warfare and military spending, including the company’s notorious counter-UAS systems. The fears were further amplified by active peace negotiations between the US and Russian officials in Saudi Arabia, which might result in an armistice in the near future, as well as hints and talks of the US army potentially ending its coverage of certain NATO territories. On top of that, the company itself reported the risk of some potential project cancellations in the space business, which is likely linked to the cautious stance of the new US administration regarding public spending. Despite these challenges, it is certain that the US will not completely mute its military spending, and L3Harris Technologies Inc. (NYSE:LHX) remains a leader in its niche – management remains optimistic in areas like missile tracking, missile defense, and space-based capabilities, where it has strong past performance and existing assets in orbit. Furthermore, the company believes it is well-positioned to capitalize on the Iron Dome for America initiative, which aligns with its capabilities. With that in mind, it is of no surprise that short sellers are reluctant to bet against the company’s future – short interest stands at only 1.33% at a time when the stock price reached a new 52-week low.