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CDNS

Cadence Design Systems (CDNS) reported a decrease in short interest, with 2.75 million shares sold short, representing 1.34% of available shares. This marks a 4.96% decline in short interest since the last report. The current short interest is below the peer group average of 3.12%. Short interest is a measure of market sentiment, and a decrease suggests a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has significantly outperformed the market with an average annual return of 19.75% over the past 5 years, turning a $100 investment into $257.20 today. The company's market capitalization stands at $59.17 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.78%, outperforming the market by 7.21% annually. With a current market capitalization of $90.27 billion, a $1000 investment in AMT 20 years ago would be worth $15,755.90 today.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

GLOB

Globant's (NYSE:GLOB) short interest has decreased by 24.77% since the last report, with 691 thousand shares sold short, representing 1.67% of its float. This decrease in short interest could indicate a more bullish sentiment towards GLOB. Compared to its peers, Globant has a lower short interest percentage of float, with the average being 2.00%. This information suggests that the market sentiment towards Globant might be more positive than for its peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

FNB

F N B Corporation's (NYSE:FNB) short interest has increased by 3.6%, with 10.24 million shares sold short, representing 3.74% of its float. This indicates a bearish market sentiment, as it takes traders approximately 5.52 days to cover their short positions. Despite this, an increase in short interest can sometimes be bullish, and F N B has a higher short interest than its peer group average of 3.52%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

CVCY

CWBC

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) announced shareholder approval for their merger, expected to complete by April 1, 2024. The combined entity will be named Community West Bancshares, with approximately $3.6 billion in assets and 27 banking centers in Central California. The merger has received all required regulatory approvals, with operational system conversion expected by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:51 pm

GURE

Gulf Resources, Inc. (GURE) provided an update on the Yuxin Chemical factory, indicating a delay in ordering remaining equipment due to the weak Chinese economy, particularly in the housing market which significantly consumes bromine. The company is exploring other market segments, including pharmaceuticals and sodium-ion batteries, as potential areas for growth. GURE is also monitoring geopolitical tensions in the Middle East, which could impact global bromine markets. The company is considering the production of sodium-ion batteries as a future direction, depending on the economic situation.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:36 pm

BIOL

CNSP

GILD

REVB

ZLAB

The article highlights the top 5 oversold health care stocks preparing for potential growth in February, based on their Relative Strength Index (RSI) values. BIOLASE, CNS Pharmaceuticals, Revelation Biosciences, Gilead Sciences, and Zai Lab Limited are identified as major players with RSI near or below 30, indicating they may be undervalued. Recent company updates and stock performance are also provided.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:35 pm

CC

Chemours (NYSE:CC) has seen a 9.03% increase in short interest since its last report, with 5.21 million shares sold short, representing 4.71% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Chemours has a higher short interest compared to its peers, with an average of 3.89% in its peer group.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:30 pm

ATKR

Atkore (NYSE:ATKR) has seen a decrease in short interest, with 4.56 million shares sold short, representing 16.19% of its float. This is a 6.36% drop from its last report, requiring 14.24 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and Atkore's short interest is higher than its peer group average of 9.41%. This suggests varying investor sentiment towards Atkore, with the current decrease potentially signaling a more bullish outlook.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:30 pm