5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To

2. Workhorse Group Inc. (NASDAQ: WKHS)

Number of Hedge Fund Holders: 16  

Float Shorted: 34.8%   

Workhorse Group Inc. (NASDAQ: WKHS) is an Ohio-based firm in the battery electric vehicle and aircraft business. It is placed second on our list of 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. The firm is one of the most popular stocks on Reddit and a recent report from Bank of America indicates that Reddit stocks are being driven by more than just social media mentions. This analysis is based on overall stock mentions on popular forums and the rallies they have registered over the year so far. 

On April 16, investment advisory B Riley initiated coverage of Workhorse Group Inc. (NASDAQ: WKHS) stock with a Buy rating and a price target of $20, highlighting that the firm could gain with customers through production and sales numbers this year. 

At the end of the first quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $96.6 million in Workhorse Group Inc. (NASDAQ: WKHS), the same as in the preceding quarter worth $90.8 million.