5 Best High Short Interest Stocks To Buy Now

3. Franchise Group, Inc. (NASDAQ:FRG)

Number of Hedge Fund Investors In Q2 2023: 27

Short Interest Percentage: 32.29%

Franchise Group, Inc. (NASDAQ:FRG) is a discretionary stock that sells health supplements. Despite high inflation, its shares have done rather well on the market since they have gained 17% this year. Analysts have rated the stock as Buy on average, but recent coverage has downgraded the shares to Market Perform from Outperform.

Insider Monkey scoured through 910 hedge fund portfolios for their June quarter of 2023 investments and discovered that 27 had invested in the company. Franchise Group, Inc. (NASDAQ:FRG)’s biggest hedge fund stakeholder is Mathew Hallbower’s Pentwater Capital Management through an investment of $51.5 million.

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