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SCHW

Charles Schwab (NYSE:SCHW) has seen a 7.5% increase in short interest since its last report, with 21.41 million shares sold short, representing 1.29% of its float. It would take about 2.31 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Compared to its peers, SCHW has a lower short interest as a percentage of float, with the peer group average at 4.58%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:00 pm

NIO

Nio Inc - ADR (NYSE:NIO) shares dropped 4.7% to $8.40 despite no company-specific news. The decline follows a recent announcement of a $2.2 billion investment from Abu Dhabi's CYVN, which will take a 20.1% stake in NIO. The investment aims to strengthen NIO's position in the electric vehicle market, supporting technology development, brand growth, and global expansion. NIO's 52-week trading range is between $7.00 and $16.18.

Portfolio Pulse from Henry Khederian

December 20, 2023 | 6:31 pm

SNAP

Snap Inc. (NYSE:SNAP) has seen a decrease in short interest by 6.99% since the last report, with 69.01 million shares sold short, representing 7.72% of its float. The average time to cover these short positions is 3.66 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Snap's short interest is higher than its peer group average of 6.29%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:30 pm

FRT

Federal Realty Investment (NYSE:FRT) has been reviewed by 4 analysts in the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target is $106.25, slightly up from the previous $106.00. Analysts from Piper Sandler and Evercore ISI Group have raised their price targets, while those from Mizuho and Wells Fargo have lowered theirs. Federal Realty Investment Trust owns a portfolio of high-quality retail properties and has shown solid revenue growth and profitability with a net margin of 19.2% and ROE of 2.02%. However, its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:01 pm

HPP

Analysts have mixed views on Hudson Pacific Properties (NYSE:HPP), with 8 ratings over the past 3 months. The average 12-month price target is $8.56, up from $8.12, with a high of $11.00 and a low of $6.25. Analysts from firms like Piper Sandler, BMO Capital, Goldman Sachs, Mizuho, Wedbush, and BTIG have updated their ratings and price targets, reflecting changes in market conditions and company performance. Hudson Pacific Properties is a REIT focusing on office and entertainment properties on the West Coast. Despite a market cap below industry average and a revenue decline of -11.1%, the company has a high net margin of -16.24%, ROE of -1.36%, and ROA of -0.42%, but carries a high debt-to-equity ratio of 1.77.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

TRV

Travelers Companies (NYSE:TRV) received mixed analyst ratings in the latest quarter with 7 analysts providing their insights. The average 12-month price target for TRV is now $185.43, up from $184.40, with a high estimate of $215.00 and a low of $172.00. Analysts have made various adjustments to their ratings and price targets, reflecting their views on the company's market position and financial performance. Travelers Companies has shown a revenue growth rate of 14.21% as of September 30, 2023, but lags behind industry peers and has below-average net margin, ROE, and ROA, along with a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

FPI

Bill Gates, through Cascade Investment, owns approximately 242,000 acres of farmland across 19 states, making him the largest private owner of farmland in the U.S. In comparison, Farmland Partners Inc. (NYSE:FPI), the largest farmland REIT in the U.S., owns and manages a combined total of 178,216 acres of farmland. Gates owns about 63,800 more acres than Farmland Partners.

Portfolio Pulse from Chris Bibey

December 20, 2023 | 6:00 pm

PRSR

PRSRU

PRSRW

Prospector Capital Corp. (PRSR, PRSRU, PRSRW) has announced a new record and distribution date of December 21, 2023, for the issuance of dividend shares in connection with its proposed business combination with LeddarTech Inc. and LeddarTech Holdings Inc. The dividend will be distributed to holders of Class A ordinary shares and units of Prospector that were not redeemed. The issuance is contingent upon the completion of the business combination, which is subject to customary closing conditions and was approved by shareholders on December 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:53 pm

CHT

Chunghwa Telecom (NYSE:CHT) has seen a 20% decrease in short interest since its last report, with 289 thousand shares sold short, representing 0.04% of its float. The average time to cover these short positions is 2.72 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on CHT. Compared to its peers, CHT has a lower short interest as a percentage of float, which is 2.21% on average.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:47 pm

NVS

Novartis (NYSE:NVS) has seen a 10.53% decrease in short interest since its last report, with 3.40 million shares sold short, representing 0.17% of its float. The average time to cover these short positions is 2.07 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Novartis has a lower short interest compared to its peer group average of 4.38%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:47 pm