In this article, we discuss the 5 penny stocks most popular on Reddit and Robinhood. If you want to read our detailed analysis of these stocks, go directly to the 12 Penny Stocks Most Popular on Reddit and Robinhood.
5. CooTek (Cayman) Inc. (NYSE:CTK)
Number of Hedge Fund Holders: 2
CooTek (Cayman) Inc. (NYSE:CTK) operates as a mobile internet company. One of the premier products of the firm is TouchPal Smart Input, an input method for mobile devices that supports around 110 languages.
CooTek (Cayman) Inc. (NYSE:CTK) stock has rallied since the company returned to profitability in the second quarter of this year as revenue from online literature, mobile games and scenario-based content apps took off.
At the end of the third quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $185,000 in CooTek (Cayman) Inc. (NYSE:CTK), compared to 3 in the previous quarter worth $1 million.
4. Petros Pharmaceuticals, Inc. (NASDAQ:PTPI)
Number of Hedge Fund Holders: 2
Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) is a pharma company that focuses on the development of products that cater to the health of men. The stock has returned more than 26% to investors in the past four weeks.
Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) has been a much-discussed stock on Reddit forums in the past few weeks. This has led to increased popularity of the firm on Robinhood as well. The short interest on the stock is 25% and retail investors see it as a short squeeze play.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) with 54,347 shares worth more than $109,000.
3. TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ)
Number of Hedge Fund Holders: 3
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) operates in the facilities services industry. On October 11, the company announced that it had obtained EPA registration for BIT Solution, a disinfectant made by the firm for use across the food supply chain.
TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has a market cap of $32 million and posted over $25 million in revenue last year. The company is based in Maryland and was founded in 1979.
At the end of the third quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1.8 million in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ), up from 2 the preceding quarter worth $129,000.
2. Genius Brands International, Inc. (NASDAQ:GNUS)
Number of Hedge Fund Holders: 4
Genius Brands International, Inc. (NASDAQ:GNUS) is a content and brand management firm. The stock has soared since the firm rolled out plans for the worldwide distribution of the Kartoon Channel in early December after completing key acquisitions.
Genius Brands International, Inc. (NASDAQ:GNUS) posted earnings for the third quarter on November 15, reporting a revenue of $1.8 million, up more than 592% compared to the revenue over the same period last year.
At the end of the third quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $289,000 in Genius Brands International, Inc. (NASDAQ:GNUS), the same as in the preceding quarter worth $2 million.
1. Arbutus Biopharma Corporation (NASDAQ:ABUS)
Number of Hedge Fund Holders: 13
Arbutus Biopharma Corporation (NASDAQ:ABUS) is a biopharma firm based in Pennsylvania. The company recently won a patent dispute against drug giant Moderna, leading to a 40% boost to the share price.
On December 2, investment advisory Chardan reiterated a Buy rating on Arbutus Biopharma Corporation (NASDAQ:ABUS) stock and raised the price target to $5.5 from $5. Keay Nakae, an analyst at the firm, issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Hudson Bay Capital Management is a leading shareholder in Arbutus Biopharma Corporation (NASDAQ:ABUS) with 1.8 million shares worth more than $7.7 million.
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