Short Sellers Are Targeting These 5 Stocks

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1. Enphase Energy Inc (NASDAQ:ENPH)

Float Shorted: 2.72%

Number of Hedge Fund Holders: 50

Enphase Energy Inc (NASDAQ:ENPH) develops software-driven home energy solutions that include solar power and web-based monitoring. The company currently has a short interest ratio of 1.

Renaud Saleur, a former trader at Soros Fund Management, is betting against solar technology companies like Enphase Energy Inc (NASDAQ:ENPH). Since its last report, Enphase Energy Inc’s (NASDAQ:ENPH) short percent of float has increased by 3.7%. The corporation just disclosed that 4.41 million shares had been sold short, accounting for 3.36% of all ordinary shares available for trade. As of Q4 2021, 50 hedge funds reported owning a stake in Enphase Energy Inc (NASDAQ:ENPH).

ClearBridge Investments discussed its viewpoint on Enphase Energy Inc (NASDAQ:ENPH) in its Q2 2021 investor letter. Here’s what the firm said:

“Also in the solar space, we initiated a position in Enphase Energy (classified in the IT sector), which designs and manufactures microinverters for residential and small commercial solar photovoltaic (PV) systems. Enphase was the first company to commercialize microinverters for residential and small commercial solar PV systems. A microinverter, a type of MLPE, is a small inverter placed directly on the back of each solar module, as opposed to the traditional system of one string inverter on the side of the building.”

You can also take a peek at the 10 Penny Stocks with Upcoming Growth Catalysts and 9 Best Clean Energy Stocks To Buy Today.

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