5 Most Shorted Stocks Right Now

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1. Carvana Co. (NYSE:CVNA)

Number of Hedge Fund Holders: 47 

Short Interest as of November 15: 43.50%    

Carvana Co. (NYSE:CVNA) operates an e-commerce platform for buying and selling used cars in the United States. It is one of the most shorted stocks right now. On October 11, Carvana revealed that it has made its vehicle financing qualification process even easier by offering Wilmington, Delaware, residents the ability to add a co-signer to buy the vehicle they love. Customers may unlock more attractive financing offers including lower interest and lower down payments.

On November 1, Cowen analyst John Blackledge maintained an Outperform rating on Carvana Co. (NYSE:CVNA) stock and lowered the price target to $60 from $95, noting that the company continues to face worsening industry headwinds as the vehicle prices and interest rates remain elevated.  

Among the hedge funds being tracked by Insider Monkey, Beijing-based investment firm CAS Investment Partners is a leading shareholder in Carvana Co. (NYSE:CVNA) with 6.7 million shares worth more than $151.9 million. 

You can also take a peek at 12 Best Blue Chip Stocks To Buy Today and 10 Best Auto Stocks To Buy Now.

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