5 Best One Dollar Stocks to Buy According To Hedge Funds

2. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Number of Hedge Fund Holders: 19

Share Price as of January 26: $0.8530

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was incorporated in 2014 and is headquartered in Gardena, California. The company designs, develops, manufactures, and distributes electric vehicles and related products in the United States and internationally. On January 23, shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) climbed 50.64%, indicating the second-largest one-day move for the stock in the past year. The notable gain stood out amid a larger rally for EV stocks.

According to Insider Monkey’s third quarter database, 19 hedge funds were long Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE), compared to 28 in the prior quarter. Israel Englander’s Millennium Management is the biggest position holder in the company, with over 3 million shares worth $2 million.

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