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ALL

Allstate (NYSE:ALL) has seen a 4.0% decrease in short interest since its last report, with 3.74 million shares sold short, representing 1.44% of its float. The average time to cover these short positions is 1.7 days. A decrease in short interest can indicate a more bullish sentiment among investors. Allstate's short interest is below its peer group average of 1.66%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

GDX

Imaru Casanova, Portfolio Manager for Gold & Precious Metals at VanEck, stated at Benzinga's 'Metals & Mining' Conference that gold mining companies are currently trading at a significant discount compared to other sectors. Casanova predicts that the valuations of these companies should be higher next year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:48 pm

REGN

Regeneron Pharmaceuticals (NYSE:REGN) has seen a decrease in short interest, with the short percent of float dropping 4.67% since the last report. The company has 1.31 million shares sold short, which is 1.43% of available shares for trading. The current short interest is lower than the peer group average of 4.17%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 4:30 pm

UL

Unilever's (NYSE:UL) short interest has increased by 40% since the last report, with 3.63 million shares sold short, representing 0.14% of available shares. It would take about 1.44 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Unilever's short interest is below its peer group average of 8.04%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 4:30 pm

SGD

Safe And Green Development Corporation (SGD) has filed a request with the U.S. SEC to withdraw their Form S-1 Registration Statement. According to the SEC filing, no shares of common stock have been or will be issued or sold under the withdrawn registration statement.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:22 pm

SONO

Sonos Inc (NASDAQ:SONO) stock surged after the company reported Q4 financial results that exceeded expectations and announced a $200 million stock repurchase program. Q4 revenue was $305.1 million, surpassing estimates of $299.4 million, and the Q4 EPS showed a 7 cent loss, better than the expected 18 cent loss. Gross margin increased to 42%, and the company generated $12 million in free cash flow. Despite a challenging year, CEO Patrick Spence highlighted the strength of the Sonos brand. The company's outlook for full-year 2024 revenue is $1.6 to $1.7 billion, slightly below estimates of $1.71 billion. Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating on Sonos but lowered the price target from $19 to $17.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 4:03 pm

SONO

Sonos shares have risen following the announcement of financial results that surpassed expectations, coupled with the news of a share buyback program.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:03 pm

CDNS

The article provides a competitor analysis of Cadence Design Systems (CDNS) against its peers in the Software industry. It evaluates financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. CDNS shows potential undervaluation based on P/E, overvaluation on P/B and P/S, higher ROE than the industry average, lower EBITDA and gross profit, and strong revenue growth. The company also has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 4:00 pm

SQSP

Squarespace Inc (NYSE:SQSP) stock dropped 6.2% after General Atlantic announced plans to sell 6 million shares in a secondary public offering, with an option for the underwriter to purchase an additional 900,000 shares. Squarespace will not receive any proceeds from the sale. J.P. Morgan Securities LLC is the lead book-running manager and underwriter for the offering. SQSP's 52-week range is between $0.20 and $10.00.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 3:48 pm

VLCN

Volcon Inc (NASDAQ:VLCN) stock plummeted by 68% to $0.21 after the company announced a public offering to raise approximately $18 million. The offering includes Common Units or Pre-funded Units, comprising stock or pre-funded warrants, and warrants with set prices and expiration dates. The capital raised is intended for general corporate purposes, and the offering's completion is subject to standard conditions, including an over-allotment option.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 3:44 pm