5 Most Shorted Stocks Hedge Funds Are Buying

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1. ZoomInfo Technologies Inc. (NASDAQ:ZI)

Number of Hedge Fund Holders: 35

Float Shorted: 26.82% 

ZoomInfo Technologies Inc. (NASDAQ:ZI) stock plunged in value by over 6% in late September after one of the directors of the company sold stock worth $74 million in the company. The company has also recently announced a secondary stock offering worth $20 million. The firm operates a cloud-based market intelligence platform. 

Barclays analyst Raimo Lenschow upgraded ZoomInfo Technologies Inc. (NASDAQ:ZI) stock to Overweight from Equal Weight with a price target of $83, highlighting that the firm seemed attractively valued given the move to 2023 estimates. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in ZoomInfo Technologies Inc. (NASDAQ:ZI) with 2.6 million shares worth more than $136 million. 

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.

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