Streetbeat News

Assets

EBAY

eBay's (NYSE:EBAY) short interest has increased by 3.44%, with 26.07 million shares sold short, representing 5.71% of its float. It would take approximately 4.98 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards eBay, although it has less short interest compared to its peer group average of 8.24%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:30 pm

HIMS

Hims & Hers Health (NYSE:HIMS) has seen a decrease in short interest, with the short percent of float falling 7.97% to 8.43%. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 9.85%, suggesting a relatively more bullish outlook compared to its peers. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into investor expectations about a stock.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:30 pm

GWW

W.W. Grainger's (NYSE:GWW) short interest has increased by 8.28% since the last report, with 1.32 million shares sold short, representing 3.4% of its float. It would take about 4.87 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards GWW, although it has less short interest compared to its peers' average of 3.88%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:30 pm

INTC

SSNLF

TSM

Intel is reportedly in discussions to receive significant subsidies for its U.S. fab development, which would enhance its competitiveness against TSMC. Similarly, Samsung is continuing to receive financial support from the South Korean government, according to sources from fab toolmakers as reported by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:28 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed trading signals, with Ethereum completing the 'Dencun' upgrade. Dogecoin's value may rise as Tesla considers accepting it for payments. Hacken's market cap reaches $57M after unveiling a tokenized share offering. Bitcoin critic Peter Schiff expresses regret over not investing in Bitcoin earlier. Crypto miners see record profits amid a Bitcoin rally. US markets see mixed movements with Hello Group and others moving lower. Political and global events include potential lawsuits, defense decisions, and tech partnerships. Electric vehicle market updates include Tesla's plans and competition from Polestar. Consumer, communication, healthcare, general news, space, and energy sectors also see significant updates.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 1:13 pm

GBTC

IBIT

Bitcoin ETFs saw a net inflow of $683 million on March 13, with BlackRock's IBIT leading with $586 million in inflows, contrasting with Grayscale Bitcoin Trust's $276 million outflow. The interest in Bitcoin ETFs, especially IBIT, indicates growing investor confidence in cryptocurrency assets managed by established firms. The upcoming listing of Bitcoin ETFs on major asset management platforms and the introduction of options trading are expected to further integrate cryptocurrencies into mainstream financial markets.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 1:04 pm

SCHW

The Charles Schwab Corporation (SCHW) reported significant growth in its February 2024 Monthly Activity Report, with core net new assets totaling $33.4 billion and total client assets reaching $8.88 trillion, marking a 20% increase from the previous year. The company anticipates a 5% to 6% sequential revenue growth and a nearly four percentage points expansion in adjusted pre-tax profit margin for Q1 2024, driven by rising equity markets, stronger client trading activity, and the impact of late 2023 cost savings.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:01 pm

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