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ISRG

Intuitive Surgical's (NYSE:ISRG) short interest has increased by 9.41% since the last report, with 3.26 million shares sold short, representing 0.93% of its float. It would take approximately 2.31 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards ISRG, although it has less short interest compared to its peers, with an average of 4.39% in the peer group.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:00 pm

WEX

WEX Inc. (NYSE:WEX) has seen a 23.23% increase in its short percent of float since the last report, with 515 thousand shares sold short, representing 1.22% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 4.88% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:00 pm

PLD

Prologis (NYSE:PLD) has seen a 9.48% increase in its short percent of float since the last report, with 10.14 million shares sold short, representing 1.27% of available shares. This indicates a bearish market sentiment towards PLD, although it has less short interest compared to its peers' average of 3.69%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:00 pm

FMST

Foremost Lithium CEO Jason Barnard stated that the current slump in lithium prices is temporary and raising capital is challenging due to high interest rates affecting EV growth expectations. Despite this, long-term demand for lithium remains strong, supported by government initiatives in North America to strengthen domestic supply chains for EV minerals. Foremost Lithium (NASDAQ:FMST) is seeking CAD 10 million from Canada's Critical Mineral Infrastructure Fund for a project in Manitoba and has commenced drilling at its Jean Lake property.

Portfolio Pulse from Matt Whittaker

March 14, 2024 | 12:43 pm

BTCUSD

Samson Mow, a notable figure in the cryptocurrency industry, predicts Bitcoin (BTC) will reach $1 million soon, citing high demand, the upcoming Bitcoin halving event, and capital influx into Bitcoin ETFs as key drivers. Mow's forecast aligns with a bullish trend in Bitcoin, with its price reaching new highs and increased interest from Wall Street. However, economist Peter Schiff expresses skepticism about the halving event's impact on Bitcoin's supply.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 12:34 pm

SVMH

SRIVARU Holding Limited (NASDAQ: SVMH, SVMHW) is nearing completion of a new EV motorcycle manufacturing facility in Coimbatore, India, expected to be operational by April 2024. The facility, designed for high automation and scalability, will initially produce over 2,000 motorcycles per month, with potential expansion to over 50,000 units annually. This development is part of SRIVARU's strategy to capture a significant share of the global EV motorcycle market, which is anticipated to grow substantially, especially in India.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:32 pm

HLT

Hilton (NYSE:HLT) has announced a deal to acquire the Graduate Hotels brand from Adventurous Journeys Capital Partners for $210 million. This acquisition includes all rights to the brand, franchise agreements for existing and pipeline hotels, and responsibility for future development. The deal, expected to close in the second quarter, is immediately accretive to Hilton with a projected fee contribution of $16 million in the first full year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:13 pm

NBY

Novabay reported preliminary 2023 sales of $14.7M, surpassing the consensus of $14.40M. The sales include $3.6M from its DERMAdoctor skincare segment and $11.1M from its eyecare and wound care segment. The operating loss for 2023 is expected to be around $7.4M, with $3.8M attributed to the DERMAdoctor segment, including a $2.5M non-cash impairment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:08 pm

NBY

NovaBay Pharmaceuticals, Inc. reported preliminary Q4 2023 sales of $3.7M, surpassing the consensus of $3.4M. Sales were divided between its DERMAdoctor skincare segment ($0.9M) and its Eyecare and Wound Care segment ($2.8M). However, the company expects an operating loss of $3.2M for Q4 2023, with a significant portion ($2.7M) attributed to the DERMAdoctor segment, including a $2.5M non-cash impairment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:06 pm

HYMC

Hycroft Mining Holding (HYMC) reported a successful 2023 with no lost time accidents, ending the year with $106 million in unrestricted cash. The company also complied with debt covenants and voluntarily pre-paid $38 million of its senior secured debt. Additionally, HYMC maintained Nasdaq compliance through a 1-for-10 reverse stock split and raised $1.1 million through an equity offering.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:05 pm