Streetbeat News

Assets

MAIN

Main Street Capital (NYSE:MAIN) has seen a decrease in short interest, with 3.39 million shares sold short, representing 4.13% of its float. This marks a 4.4% decline since the last report. The current short interest suggests a bullish sentiment as it takes 9.36 days on average for traders to cover their short positions. Compared to its peers, MAIN has a higher short interest percentage of float, indicating more bearish sentiment among investors relative to its peer group.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:30 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has outperformed the market with an annualized return of 14.91%, growing a $1000 investment to $2,095.36. Target's market capitalization stands at $70.30 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:30 pm

MUSA

Murphy USA's (NYSE:MUSA) short percent of float has increased by 21.7% since the last report, with 1.45 million shares sold short, representing 9.59% of available shares. It would take about 5.11 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards MUSA, although it has less short interest compared to its peer group average of 12.64%.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:30 pm

JPM

JPMorgan Chase's (NYSE:JPM) short interest has increased by 9.68% since the last report, with 19.56 million shares sold short, representing 0.68% of its float. It would take approximately 2.54 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards JPM, although it's lower than its peer group average of 0.79% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:30 pm

XEL

Xcel Energy (XEL) was notified of Texas wildfires affecting their Southwestern Public Service Company territory on February 26, 2024. The Smokehouse Creek Fire, the largest among them, has grown to approximately 900,000 acres with only 3% containment. Xcel Energy faces potential liability for damages as investigations into the fire's origin, cause, and damage are ongoing. A law firm has already contacted Xcel Energy on behalf of property insurance interests for potential exposure to damages.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:09 pm

NVO

Over the past 10 years, Novo Nordisk (NYSE:NVO) has produced an average annual return of 17.5%, outperforming the market by 7.05% on an annualized basis. A $100 investment in NVO a decade ago would now be worth $499.10. Novo Nordisk currently has a market capitalization of $536.06 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:00 pm

BAC

Bank of America (NYSE:BAC) has significantly outperformed the market over the past 15 years, with an average annual return of 17.3%, turning a $100 investment into $1,084.38 today. The company's market capitalization stands at $270.54 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:00 pm

VMC

Vulcan Materials (NYSE:VMC) has seen an 11.69% increase in its short percent of float since the last report, with 2.03 million shares sold short, representing 1.72% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Vulcan Materials has a higher short interest than its peer group average of 1.32%.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:00 pm

WFRD

Weatherford International (NYSE:WFRD) has seen a decrease in short interest, now at 5.25% of its float, lower than its peer group average of 7.67%. This reduction from 2.92 million shares suggests a more bullish sentiment among investors. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:00 pm

BTCUSD

Gareth Soloway, known as a 'Master Trader' with a significant YouTube following, has increased his short position on Bitcoin (BTC), despite its recent price surge past $60,000. Soloway's move has sparked a mix of disbelief and amusement among Bitcoin enthusiasts, with some criticizing his decision as poor trading advice. Soloway, who has a history of bearish views on Bitcoin, is facing a challenging situation as Bitcoin's price continues to rise, making his short position increasingly underwater.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 7:52 pm