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Equity Actions

NSA

National Storage Affiliates has authorized a share repurchase program allowing the company to buy back up to $275 million of its outstanding shares. This move reflects the company's confidence in its financial stability and the perceived undervaluation of its shares.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:36 pm

TRUP

Trupanion, Inc. has filed a prospectus with the SEC for a potential offering of up to 3.6 million shares of common stock. The filing indicates that the company may be looking to raise capital, although the timing and terms of any offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:31 pm

OPTT

Ocean Power Technologies has filed with the SEC to offer a mixed shelf of up to $100 million. This move allows the company to potentially raise capital through the sale of various types of securities.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:09 pm

BKNG

Options trading activity for Booking Holdings (NASDAQ:BKNG) indicates a bearish sentiment among financial whales, with 65% of the unusual trades being bearish. Analysis of 35 trades revealed a price target range of $1880 to $4100 over the next three months. The largest options spotted include bearish calls and neutral to bullish puts with various expiration dates and strike prices. Booking Holdings, a major online travel agency, is currently trading at $3125.7 with a volume of 142,380 and may be overbought according to RSI readings. The next earnings release is expected in 83 days.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 8:45 pm

ANET

Arista Networks (NYSE:ANET) has experienced a 12.93% increase in short interest since its last report, with 3.33 million shares sold short, representing 1.31% of its float. The average time to cover these short positions is 1.28 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Arista Networks has a lower short interest compared to its peer group average of 7.92%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 8:30 pm

ZS

Zscaler (NYSE:ZS) has seen a rise in short interest, with 5.94 million shares sold short, representing 6.64% of available shares. The short percent of float increased by 6.41% since the last report, and it would take about 3.32 days to cover all short positions. High short interest compared to peers may indicate bearish market sentiment but can also be a bullish sign under certain conditions.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 8:30 pm

IMAB

T Investment has reported a 9.89% stake in biopharmaceutical company I-MAB, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:46 pm

INFY

Infosys (NYSE:INFY) has seen a 14.43% decrease in short interest since its last report, with 34.44 million shares sold short, representing 0.83% of available shares. The average time to cover these short positions is 5.57 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Infosys has a lower short interest compared to its peer group average of 2.33%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:45 pm

ING

ING Groep's (NYSE:ING) short interest has increased by 22.22% since the last report, with 3.96 million shares sold short, representing 0.11% of available shares. It would take about 1 day to cover all short positions. The rise in short interest can indicate bearish market sentiment, but ING has less short interest compared to its peers, with an average of 0.88% in the peer group. This change in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:45 pm

BITF

CVI Investments has disclosed a 5.7% ownership stake in Bitfarms, a cryptocurrency mining company, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:43 pm