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GOEV

Canoo (NYSE:GOEV) has seen a significant decrease in short interest, with a 34.36% drop since the last report, representing 10.2% of its float. The current short interest stands at 96.24 million shares. This decrease in short interest could indicate a more bullish sentiment towards Canoo, contrasting with the average short interest of its peers at 9.87%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

O

Realty Income's (NYSE:O) short interest has decreased by 45.71% since the last report, with 12.48 million shares sold short, representing 1.71% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, although it doesn't guarantee a price increase. Realty Income has a lower short interest compared to its peer group average of 5.42%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

PXD

Pioneer Natural Resources projects its FY24 capital budget to be between $4.2 billion and $4.6 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:12 pm

BABA

JD

LI

NTES

Hong Kong stocks, particularly the Hang Seng Index (HSI), are entering the year of the dragon with historical optimism, given the index's average gain of 14% in past dragon years. However, uncertainties such as the U.S. presidential election and interest rate policy may affect the rally. Positive signs include China's economic stimulus and foreign investment in Chinese companies like Alibaba, Li Auto, JD.com, and NetEase. Major investment banks predict varied HSI performance, with potential impacts from U.S.-China relations and global geopolitics. Analysts advise cautious investment, favoring stocks with a strong mainland focus or those undervalued, like Alibaba.

Portfolio Pulse from The Bamboo Works

February 22, 2024 | 1:10 pm

ADI

TSM

Analog Devices (ADI) has entered into a special arrangement with TSMC to secure long-term wafer capacity through Japan Advanced Semiconductor Manufacturing, Inc, a majority-owned subsidiary of TSMC in Japan. This strategic move aims to ensure a stable supply of semiconductors for ADI, reflecting the importance of securing semiconductor supply chains in the current global market.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:08 pm

AMT

American Tower (NYSE:AMT) has seen a decrease in short interest, with 5.27 million shares sold short, representing 1.31% of its float. This marks a 7.09% decline since the last report. The current short interest is below the peer group average of 3.99%, indicating less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and a decrease suggests investors are becoming more bullish on AMT.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:00 pm

NTLA

Intellia Therapeutics announced its financial position, revealing it has $1 billion in cash, cash equivalents, and marketable securities. The company also stated its cash runway extends into mid-2026, indicating a strong liquidity position and financial stability for the next few years.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:38 pm

D

Dominion Energy has announced an agreement to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind Commercial Project to Stonepeak. The deal, structured through the formation of an offshore wind partnership, is valued at approximately $3 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:27 pm

TD

TD Asset Management, a part of Toronto Dominion Bank, has expanded its offerings by introducing a new actively managed fixed income ETF. This addition is aimed at enhancing their solution suite for investors seeking diversified fixed income options.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:21 pm

CCCC

C4 Therapeutics reported having $281.7M in cash, cash equivalents, and marketable securities, with an expected cash runway extending into 2027.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:21 pm