Short Sellers Are Targeting These 5 Stocks

4. Blink Charging Co. (NASDAQ:BLNK)

Float Shorted: 37.84%

Number of Hedge Fund Holders: 11

Blink Charging Co. (NASDAQ:BLNK) is a Miami, Florida-based owner, operator, and provider of residential and commercial electric vehicle (EV) charging equipment and EV charging stations across the US. Short sellers have not been able to reap gains in the stock yet as Blink Charging Co. (NASDAQ:BLNK) has only fallen by 0.3% since the start of 2022. Wolverine Trading LLC is betting against the company, as revealed in the 13F filings to the Securities and Exchange Commission.

On March 15, Stephen Gengaro at Stifel lowered the target price on Blink Charging Co. (NASDAQ:BLNK) from $39 to $30 and reiterated a Hold rating. Although the analyst increased the top-line estimates for Blink Charging Co. (NASDAQ:BLNK), he has reduced his EBITDA forecasts as he anticipates the company to experience significant growth in revenue coupled with negative EBITDA and free cash flow in the short term.