Top 3 Stock Picks of Michael Burry

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1. SCYNEXIS, Inc. (NASDAQ:SCYX)

Number of Hedge Fund Holders: 6 

SCYNEXIS, Inc. (NASDAQ:SCYX) is a biotech firm based in New Jersey. The company posted earnings for the third quarter on November 10, beating expectations on earnings per share and revenue by $0.67 and $0.14 million, respectively. 

The hedge fund of Michael Burry entered the fourth quarter of 2021 with more than 174,030 shares of SCYNEXIS, Inc. (NASDAQ:SCYX) in the portfolio worth more than $922,000. 

New York-based firm Kingdon Capital is a leading shareholder in SCYNEXIS, Inc. (NASDAQ:SCYX) with 637,048 shares worth more than $3.3 million. 

At the end of the third quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $7.6 million in SCYNEXIS, Inc. (NASDAQ:SCYX), compared to 8 in the previous quarter worth $19 million.

You can also take a peek at 10 Cheap Small-Cap Stocks to Buy and 10 Penny Stocks with Upcoming Growth Catalysts.

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