Streetbeat News

Assets

ALIT

Alight's (NYSE:ALIT) short interest has increased to 4.96% of its float, with 21.45 million shares sold short. This represents a 7.36% rise since the last report, requiring an average of 3.3 days for traders to cover their short positions. The increase in short interest can indicate a bearish market sentiment towards ALIT, although it's below the peer group average of 5.70%. This data suggests investors are more bearish on ALIT, but an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:15 pm

CSIQ

JKS

JinkoSolar's Q4 profits were supported by government subsidies amid falling prices and overcapacity in the solar sector. The company forecasts accelerated consolidation, with the top 10 producers controlling 90% of the market by year-end. JinkoSolar's stock dropped 10.5% post-announcement, underperforming peers like Canadian Solar. Despite challenges, JinkoSolar plans to increase production capacity and remains financially stable with significant cash reserves.

Portfolio Pulse from The Bamboo Works

March 22, 2024 | 2:04 pm

ADBE

Financial analysis reveals a bearish sentiment among traders on Adobe (NASDAQ:ADBE), with 60% showing bearish tendencies in recent options activity. The analysis highlighted 20 unusual trades, with a focus on a price band between $500.0 and $615.0 for Adobe. The largest trades included both bullish and bearish calls and puts, with significant volumes and open interest. Adobe's current market position shows a slight decrease in stock price, with neutral RSI indicators and an earnings announcement expected in 83 days. Analyst ratings from JP Morgan, Baird, Piper Sandler, DA Davidson, and BMO Capital offer varied perspectives, with target prices ranging from $525 to $705.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

ITT

ITT Inc. (NYSE:ITT) has seen a 3.33% increase in its short percent of float since the last report, with 883 thousand shares sold short, representing 1.24% of available shares. This indicates a bearish sentiment among investors, though it's not a definitive predictor of a price drop. ITT's short interest is below its peer group average of 3.06%. Short interest can serve as a market sentiment indicator, and in some cases, increasing short interest may be bullish.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:45 pm

XYL

Xylem's (NYSE:XYL) short interest has decreased by 3.7%, with 4.14 million shares sold short, representing 2.08% of its float. This decrease in short interest could indicate a more bullish sentiment towards XYL. Compared to its peers, XYL has a lower short interest percentage of 2.97%, suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:45 pm

ABR

Arbor Realty Trust (NYSE:ABR) has seen an 8.56% increase in short interest, with 38.05% of its float now sold short, amounting to 69.37 million shares. This positions ABR significantly above its peer group average of 5.09% in short interest as a percentage of float. The rise in short interest suggests a bearish market sentiment towards ABR, although it's noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:45 pm

BTCUSD

ETHUSD

FTMUSD

SOLUSD

Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $65,000 mark and Ethereum trading below $3,500. The global crypto market cap dropped by 3.3% to $2.46 trillion. Fantom emerged as the top gainer, while Ondo was the biggest loser among the cryptocurrencies mentioned.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 1:36 pm

ALT

Altimmune (NYSE:ALT) has seen a 15.44% increase in short interest since its last report, with 11.55 million shares sold short, representing 21.68% of its float. This places Altimmune's short interest significantly above its peer group average of 6.76%. While an increase in short interest can indicate bearish market sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:30 pm

ARKG

ARKK

ARKQ

BTCUSD

ARK Investment Management LLC predicts five disruptive technologies (AI, Energy Storage, Robotics, Multiomics, and Public Blockchains) could reach a market value of $220 trillion by 2030. These technologies are expected to drive significant economic growth and productivity. ARK's ETFs, ARKK, ARKQ, and ARKG, track the progress in AI, Robotics, and Genomics, respectively. The report also highlights the potential of cryptocurrencies, especially Bitcoin, to stabilize renewable energy grids and compete with fiat currencies.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 1:26 pm

BTCUSD

ETHUSD

LULU

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance amid a decrease in weekly jobless claims. Ripple's CEO comments on SEC's actions against Ethereum and XRP. Lululemon's weak outlook impacts pre-market session alongside Nike. US political tensions rise with Marjorie Taylor Greene's statements. Taiwan's tech surge and China's investigation into PwC over Evergrande fraud affect the global economy. Apple faces an antitrust lawsuit, while Tesla's Cybertruck production ramps up. Air travel costs are expected to rise due to airlines passing on decarbonization expenses. Various companies face legal and market challenges.

Portfolio Pulse from Akanksha Bakshi

March 22, 2024 | 1:13 pm