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Assets

CFLT

Confluent (NYSE:CFLT) has seen a 7.09% increase in its short percent of float, now at 10.42% of all shares available for trading. This indicates a bearish market sentiment towards CFLT, as more traders are betting on its price to fall. However, an increase in short interest can sometimes be bullish, suggesting potential for a short squeeze. Confluent's short interest is higher than its peer group average of 6.25%, suggesting it is under more scrutiny than its competitors.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:45 pm

ALB

BHP

LIT

NIKL

The EV battery metal market is facing a downturn, with significant price drops in lithium and nickel leading to paused projects and mine shutdowns. Albemarle Corp. is reevaluating a major lithium processing plant project in South Carolina due to these price declines and a slowdown in EV sales. Glencore has suspended operations at a nickel mine in New Caledonia, and BHP Group may temporarily close its Australian nickel business. The downturn has also affected related ETFs, with the Global X Lithium & Battery Tech ETF and the Sprott Nickel Miners ETF experiencing significant declines. Despite current challenges, there's potential for recovery if EV demand surges again.

Portfolio Pulse from Piero Cingari

February 19, 2024 | 8:40 pm

PSTG

Pure Storage (NYSE:PSTG) has seen a decrease in short interest, now at 4.36% of its float, lower than the peer group average of 6.85%. This reduction from 11.21 million shares suggests a more bullish sentiment among traders, despite not guaranteeing a near-term price rise. The coverage period for short positions is approximately 2.95 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

BIIB

Biogen's (NYSE:BIIB) short interest has decreased by 18.77% since the last report, with 3.06 million shares sold short, representing 2.38% of its float. This decline in short interest could indicate a more bullish sentiment towards BIIB among traders. Compared to its peers, BIIB has a lower short interest percentage of float, with the average for its peer group being 4.64%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

ZS

Zscaler's (NYSE:ZS) short interest has increased by 3.92% since the last report, with 5.29 million shares sold short, representing 5.83% of its float. It would take about 3.05 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards ZS, although it's higher than its peer group average of 3.97% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:15 pm

NWSA

News Corp's (NYSE:NWSA) short interest has decreased by 8.73% since the last report, with 8.68 million shares sold short, representing 2.3% of its float. The current short interest is below the peer group average of 4.05%. This change in short interest could indicate a shift in market sentiment towards NWSA, potentially impacting its stock price in the short term.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:15 pm

IMXUSD

Cryptocurrency Immutable (IMX) experienced a 4.09% decrease in price over the last 24 hours, now at $3.3, despite a 7.0% increase over the past week. Trading volume has decreased by 69.0%, and the circulating supply has dropped by 0.68% to 1.36 billion, 67.77% of its max supply. IMX's market cap ranks #24 at $4.46 billion.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:03 pm

STXUSD

Cryptocurrency Stacks (STX) saw a price increase of 4.93% in the last 24 hours, reaching $2.69, with a weekly gain of over 34% from $2.01. The coin's all-time high is $3.39. Trading volume decreased by 7% over the week, while the circulating supply dropped by 0.27% to 1.44 billion, making up 79.36% of its max supply. Stacks's market cap is now ranked #28 at $3.89 billion.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:02 pm

FILUSD

Cryptocurrency Filecoin (FIL) has seen a significant price increase of 17.09% in the last 24 hours, reaching $7.27. Over the past week, FIL's price has surged over 34%, from $5.41. The coin's all-time high is $236.84. Filecoin's trading volume has also increased by 361% over the past week, with its circulating supply rising by 0.17% to 511.20 million, approximately 26.07% of its max supply of 1.96 billion. Currently, FIL's market cap ranks #32 at $3.71 billion.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:02 pm

ICPUSD

Internet Computer's (CRYPTO: ICP) price has risen 5.74% in the last 24 hours to $14.23, continuing a positive trend with a 6.0% gain over the past week from $13.36. The coin's all-time high is $700.65. Trading volume increased by 108.0% over the past week, and the circulating supply rose by 0.8% to over 458.90 million, ranking ICP #18 with a market cap of $6.54 billion.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:01 pm