5 Most Shorted Stocks in September

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1. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 21

Float Shorted: 31.30%

Sirius XM Holdings Inc. (NASDAQ:SIRI) is a New York-based online and satellite radio broadcasting company with over 150 million subscribers.

Experts believe that Sirius XM Holdings Inc. (NASDAQ:SIRI) could be headed towards a significant downturn next year as they anticipate a decline in net subscriber additions for the rest of 2022. Following the ease of the pandemic, there is now a shift towards other activities as opposed to listening to the radio. People are going out to enjoy summer vacations without lockdowns and restrictions. In a research note issued to investors on August 1, Jeffrey Wlodarczak downgraded Sirius XM Holdings Inc. (NASDAQ:SIRI) from a Buy to a Hold rating and lowered the price target from $7.55 to $7.10.

Two Sigma Advisors raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 42% during Q2 2022.

You can also take a peek at 12 Best Medical Device Stocks To Buy and 16 Best Penny Stocks To Buy Now.

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