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AMKR

Amkor Tech's (NYSE:AMKR) short interest has increased by 8.96% since the last report, with 3.37 million shares sold short, representing 5.11% of its float. It would take approximately 2.93 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AMKR, although it has less short interest compared to its peer group average of 7.01%. This information is crucial for investors as it provides insight into market sentiment and potential stock movement.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:45 pm

DELL

Dell Technologies's (NYSE:DELL) short interest has decreased by 8.54% since the last report, with 7.75 million shares sold short, representing 2.57% of its float. This decline in short interest could indicate a more bullish sentiment towards DELL among traders. Compared to its peers, DELL has a lower short interest percentage of float, with the average being 6.32%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:45 pm

ZIMV

ZimVie anticipates reaching over $455M in annualized net sales and a 15%+ adjusted EBITDA margin one year post-deal closure. The company plans to pay down $275M in debt, resulting in a total debt of $234M and an estimated cash reserve of $66M by April 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:37 pm

ZIMV

ZimVie Inc. (NASDAQ:ZIMV) has completed the sale of its Spine business to an affiliate of H.I.G. Capital for $375 million, including $315 million in cash and a $60 million promissory note. The sale is part of ZimVie's strategy to focus on the dental market and optimize its structure for shareholder value. Post-sale, ZimVie plans to pay down $275 million of its debt, aiming for a financial profile of $455+ million in Net Sales and a 15%+ adjusted EBITDA margin one year post-closure.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:36 pm

GDDY

GoDaddy's (NYSE:GDDY) short interest has increased by 4.48% since the last report, with 2.56 million shares sold short, representing 2.33% of its float. This indicates a bearish market sentiment towards GDDY, although it has less short interest compared to its peers' average of 6.16%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:30 pm

AMG

Affiliated Managers Group (NYSE:AMG) has seen a 53.49% increase in short interest, with 560 thousand shares sold short, representing 1.98% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 2.73%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:30 pm

BATRA

BATRK

BRK

DKNG

The Atlanta Braves, a publicly traded sports team, are considered a betting favorite for the 2024 MLB season. Their parent company, Atlanta Braves Holdings Inc, is valued at $3.4 billion, indicating potential undervaluation. Warren Buffett's Berkshire Hathaway holds shares in the Braves, highlighting its value investment appeal. The Braves are favored to win the NL East and are a top pick for the World Series, with DraftKings Inc offering odds on their success.

Portfolio Pulse from Chris Katje

April 01, 2024 | 1:28 pm

NEM

Newmont Corporation's shares are experiencing an uptick due to the ongoing strength in the gold market.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:24 pm

TRNO

Terreno Realty Corporation (TRNO) sold an industrial property in Seattle, WA, for $11M, generating a 16.5% internal rate of return. The property, acquired in 2016 for $4.7M, is fully leased. TRNO operates in six major U.S. coastal markets.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:16 pm

MP

MP Materials (NYSE:MP) has been awarded a $58.5 million tax credit to support the construction of America's first fully-integrated rare earth magnet manufacturing facility. This initiative is part of a competitive process overseen by the Department of Energy, aimed at enhancing technical, commercial viability, and environmental impact. The facility will produce neodymium-iron-boron (NdFeB) magnets, crucial for various applications including electric vehicles and defense systems. MP Materials plans to start commercial production of precursor materials in Fort Worth by this summer and finished magnets by late 2025, with General Motors as a foundational customer. The raw materials will be sourced from MP's rare earth mine in Mountain Pass, California, ensuring an end-to-end supply chain with integrated recycling and sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:09 pm