Streetbeat News

Order Imbalances

HIMS

Hims & Hers Health (NYSE:HIMS) has seen a 20.25% increase in short interest, with 22.13 million shares sold short, representing 11.76% of its float. This is higher than the peer group average of 10.67%. It would take traders 2.05 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:15 pm

SO

High-rolling investors have shown a bearish sentiment on Southern (NYSE:SO) through significant options trading activity. Benzinga's options scanner identified 10 trades, with 50% being bearish. The predicted price range for Southern is between $40.0 and $77.5 over the next three months. Analysts have mixed ratings on the stock, with target prices ranging from $74 to $90.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:01 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has seen a rise in short interest by 11.9%, with 33.44 million shares sold short, representing 9.12% of its float. This is higher than the peer group average of 5.79%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:30 pm

MMAT

Meta Materials (NYSE:MMAT) has seen a 3.53% increase in its short percent of float, now at 10.85%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 7.21%. It would take traders 2.21 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:30 pm

BLNK

Blink Charging's (NYSE:BLNK) short interest has fallen by 5.17% since its last report, with 19.47 million shares sold short, representing 19.79% of its float. This is higher than the peer group average of 9.73%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 5:45 pm

STRL

Sterling Infrastructure (NYSE: STRL) has seen a 3.76% increase in its short percent of float, now at 4.41%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.95%. It would take traders 2.61 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 5:45 pm

AAPL

APP

CRM

MARA

MCHP

MSFT

NVDA

RIOT

SMCI

TSM

The article highlights unusual options activity in the Information Technology sector, focusing on large trades by 'whales' in companies like NVDA, MARA, MSFT, TSM, AAPL, CRM, APP, MCHP, RIOT, and SMCI. These activities can indicate potential short-term price movements.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 5:35 pm

GME

GameStop shares experienced significant volatility, with trading resuming only to be halted again due to a circuit breaker triggered by a sharp upward movement. The stock is currently down by 33.6%.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:53 pm

FIX

Comfort Systems USA (NYSE:FIX) has seen a 16.39% increase in its short percent of float, now at 5.54%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 4.90%. It would take traders 3.52 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 4:45 pm

WST

West Pharmaceutical Services (NYSE:WST) has seen a 9.04% increase in its short percent of float, now at 2.05%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.31%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 4:45 pm