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Assets

DTSS

Datasea Inc. (NYSE:DTSS) has seen a 32.18% increase in its short percent of float since the last report, with 115 thousand shares sold short, representing 8.05% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Datasea's short interest is higher than its peer group average of 5.25%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:45 pm

ITT

ITT Inc. (NYSE:ITT) has seen a 13.82% increase in its short percent of float since the last report, with 1.00 million shares sold short, representing 1.4% of its available trading shares. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 3.38%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:45 pm

IXN

MSFT

VGT

Microsoft Corp (NASDAQ:MSFT) has announced a significant £2.5 billion investment in the UK, focusing on AI talent acquisition and data center expansion. This includes the establishment of a new consumer AI division hub in London, led by AI scientist Jordan Hoffmann, formerly of Inflection AI. The investment aims to expand Microsoft's data center footprint in the UK and train over a million people for the AI economy. Microsoft's stock has seen a 47% increase over the last 12 months, and exposure to MSFT can be gained through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 2:39 pm

KRRGF

WGXRF

Karora Resources (OTCQX:KRRGF) and Westgold Resources (OTCQX:WGXRF) announced a merger valued at $1.45 billion, aiming to create a mid-tier gold producer with an annual production of 400,000 ounces of gold. The merger is expected to unlock $320 million in synergies and establish the combined entity, Enlarged Westgold, as the sixth-largest Australian-based gold miner. The deal gives Westgold a 50.1% majority stake, with Karora shareholders receiving a 10.1% premium. The merged entity will focus on cost synergies, international visibility, and has a significant exploration portfolio.

Portfolio Pulse from Stjepan Kalinic

April 08, 2024 | 2:29 pm

COIN

IBIT

MSTR

Bitcoin's price increased by 3.5% to $71,700, influencing a rise in Ethereum and U.S. crypto-related stocks like Coinbase, MicroStrategy, and BlackRock's Bitcoin ETF. The upcoming Bitcoin halving event is anticipated to further impact market dynamics, with a record $646 million inflow into digital asset investments last week. The market is showing regional variations in investor sentiment, with the U.S. and others experiencing inflows, while Switzerland and Canada saw outflows. The Benzinga Future of Digital Assets conference will explore these developments.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 2:26 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are rising due to an increase in Bitcoin prices and positive developments including its registration as a Restricted Dealer in Canada and an upgraded price target by Oppenheimer. Despite Ark Invest selling over $21 million of Coinbase shares, the stock is trading above its 50-day moving average and near its 52-week high. Analysts have mixed views, with an average 1-year price target suggesting a downside.

Portfolio Pulse from Erica Kollmann

April 08, 2024 | 2:16 pm

QBTS

D-Wave Quantum (NYSE:QBTS) has seen a significant decrease in short interest, with a 40.38% drop to 5.48 million shares, representing 6.04% of its float. This reduction in short interest, which now takes traders approximately 1 day to cover, could indicate a shift in market sentiment towards a more bullish outlook for QBTS. The company's short interest is also below its peer group average of 9.00%, suggesting a relatively positive performance against its competitors.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:15 pm

BALL

Ball Corporation (NYSE:BALL) has seen a 5.14% increase in its short percent of float since the last report, with 10.77 million shares sold short, representing 3.89% of available shares. This indicates a bearish market sentiment towards BALL, as it takes traders approximately 5.97 days to cover their short positions. Comparatively, Ball's short interest is higher than its peer group average of 2.59%, suggesting more bearish sentiment towards Ball than its peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:15 pm

MSFT

Over the past 15 years, Microsoft (NASDAQ:MSFT) has significantly outperformed the market, yielding an average annual return of 22.86%. A $100 investment in MSFT 15 years ago would now be worth $2,166.30. Microsoft's market capitalization currently stands at $3.15 trillion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

SPY

The USA Conference Board Employment Trends Index for March was reported at 112.84, showing an increase from the previous month's figure of 112.29. This indicates a positive trend in employment, suggesting a strengthening labor market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:00 pm