5 Most Shorted Stocks Right Now

2. Gogo Inc. (NASDAQ:GOGO)

Number of Hedge Fund Holders: 19    

Float Shorted: 39.10% 

Gogo Inc. (NASDAQ:GOGO) provides in-flight connectivity and entertainment services. The stock has lost value in the past few weeks amid reports that regulators in the United States will start cautioning airline operators about the use of 5G connectivity on planes. The concerns related to possible interference with cockpit safety systems. However, Gogo Inc. (NASDAQ:GOGO) has dismissed the reports as baseless. 

Hedge funds have also been offloading Gogo Inc. (NASDAQ:GOGO) stock. At the end of the third quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $286 million in Gogo Inc. (NASDAQ:GOGO), compared to 22 the preceding quarter worth $180 million.