5 Most Shorted Stocks Right Now

3. World Wrestling Entertainment, Inc. (NYSE:WWE)

Number of Hedge Fund Holders: 27  

Short Interest as of November 15: 20.00%

World Wrestling Entertainment, Inc. (NYSE:WWE) is an integrated media and entertainment company that engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It is one of the most shorted stocks right now. On November 1, World Wrestling Entertainment announced that Alexa bliss and Asuka, recent Women’s Tag Team Champions, will defend their titles in a rematch against former championship holders at the Crown jewel event. 

On October 19, MKM Partners analyst Eric Handler maintained a Buy rating on World Wrestling Entertainment, Inc. (NYSE:WWE) stock and raised the price target to $90 from $84, noting that the company’s business model has proven extremely resilient in a challenging economic environment, and multiple events over the next several years should enhance WWE ‘s growth profile.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in World Wrestling Entertainment, Inc. (NYSE:WWE) with 80.9 million shares worth more than $205.5 million. 

In its Q1 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and World Wrestling Entertainment, Inc. (NYSE:WWE) was one of them. Here is what the fund said:

“We also sold World Wrestling Entertainment as we believe the shares reflected full value after finally signing a U.S. content distribution agreement.”