Streetbeat News

Assets

BX

Blackstone (NYSE:BX) has seen a decrease in short interest, with 19.24 million shares sold short, representing 2.7% of its float. This marks an 18.67% decline since the last report, with a current short coverage time of 6.95 days. This change in short interest could indicate a shift in market sentiment towards Blackstone, potentially signaling increased bullishness among investors. Blackstone's short interest is slightly above its peer group average of 2.69%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:30 pm

WBD

Warner Bros. Discovery's (NYSE:WBD) short interest has increased by 9.05% since the last report, with 110.63 million shares sold short, representing 4.58% of its float. This indicates a bearish market sentiment towards WBD, although it has less short interest compared to its peer group average of 5.92%. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:30 pm

ARKK

COIN

HOOD

SARK

TARK

Ark Invest, led by Cathie Wood, has seen a significant downturn, with assets under management dropping from $59 billion to $11.1 billion due to high interest rates and investor outflows. The ARK Innovation ETF (ARKK) experienced over $1.3 billion in outflows in 2024. Despite positive returns from Coinbase (COIN) and Robinhood (HOOD), other top holdings underperformed. AXS Investments launched ETFs (SARK, TARK) that short ARKK, seeing substantial returns and increased trading activity following the Silicon Valley Bank fallout.

Portfolio Pulse from Piero Cingari

April 23, 2024 | 5:20 pm

WFRD

Weatherford International (NYSE:WFRD) has seen a 10.58% decrease in short interest, now at 2.78 million shares or 5.07% of float, taking 4.98 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards WFRD compared to its peers, where the average short interest as a percentage of float is 6.90%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:15 pm

VRNS

Varonis Systems (NYSE:VRNS) has seen a 4.64% increase in short interest, now at 7.21% of float with 6.88 million shares shorted. It would take about 7.28 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards VRNS, although it's higher than its peer group average of 4.21% short interest. This information suggests investors are more bearish on VRNS compared to its peers.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:15 pm

ACLS

Axcelis Technologies (NYSE:ACLS) has seen an 18.62% increase in short percent of float since its last report, with 1.97 million shares sold short, representing 8.92% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. The company's short interest is higher than its peer group average of 6.81%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:45 pm

PLD

Prologis (NYSE:PLD) has seen a 21.19% increase in its short percent of float since the last report, with 10.13 million shares sold short, representing 1.43% of available shares. It would take about 3.49 days to cover all short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards PLD, although it has less short interest compared to its peers, with an average of 4.21% in the peer group.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:45 pm

MS

Smart money investors have shown a bearish stance on Morgan Stanley (NYSE:MS), with options trading indicating a split sentiment of 20% bullish and 60% bearish. Notable options activity includes a mix of calls and puts with a focus on a price band between $50.0 and $100.0. The trading volume of MS is up by 1.44%, with a current price of $93.42, and the stock may be approaching overbought territory. The next earnings report is scheduled in 84 days.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:15 pm

NFLX

Netflix (NASDAQ:NFLX) has significantly outperformed the market over the past 20 years, with an average annual return of 28.78%, turning a $100 investment into $15,316.97 today. The company's market capitalization stands at $239.96 billion.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:01 pm

BTCUSD

Creditors of the defunct Mt. Gox crypto exchange have received updates on their claims, including the number of Bitcoin (BTC) they will receive and, in some cases, repayment dates. This development marks a significant step forward in the long-standing issue since Mt. Gox's bankruptcy in 2014. The distribution of a $9.2 billion Bitcoin hoard by Mt. Gox could potentially impact Bitcoin's price due to the possibility of a large-scale sell-off by creditors.

Portfolio Pulse from Murtuza Merchant

April 23, 2024 | 3:56 pm