5 Popular Penny Stocks on Robinhood

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1. Zomedica Corp. (NYSE: ZOM)

Number of Hedge Fund Holders: 5      

Zomedica Corp. (NYSE: ZOM) is a veterinary health firm. It is ranked first on our list of 10 popular penny stocks on Robinhood. The stock has returned 322% to investors in the past year. One of the leading products of the firm is TRUFORMA, a platform that is famous for the detection of thyroid disorders in dogs and cats. The firm was founded in 2015. It is headquartered in Michigan and is working on products for the detection of cancer in companion animals as well as novel pathogen detection systems. 

On April 15, Zomedica Corp. (NYSE: ZOM) announced that it would be expanding a direct sales team as it tries to phase out sales through distributor networks. Robert Cohen, the chief of the company, said that the distributor network had impacted the ability to market products.

At the end of the first quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $6.9 million in Zomedica Corp. (NYSE: ZOM), up from 3 in the preceding quarter worth $505,000. 

You can also take a peek at 10 Penny Stocks Robinhood Traders are Buying in 2021 and Forget AMC and Gamestop: 10 New Stocks Reddit’s WallStreetBets Is Buying.

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