Streetbeat News

Order Imbalances

OCGN

Ocugen (NYSE:OCGN) has seen an 8.73% increase in its short percent of float, now at 20.55% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 6.46 days to cover their short positions. Ocugen's short interest is higher than its peer group average of 13.38%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

MED

Medifast's (NYSE:MED) short interest has risen by 3.9%, with 45.02% of its float sold short. This is significantly higher than its peers' average of 5.01%. It would take traders 6.34 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

MPLX

MPLX's short interest has fallen by 8.31%, with 11.13 million shares sold short, representing 2.98% of its float. This is lower than the peer group average of 3.75%. The decrease in short interest could indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

PATH

Investors have shown unusual options activity for UiPath (NYSE:PATH), with a significant amount of bullish sentiment. Benzinga's options scanner identified 13 uncommon options trades, with 69% being bullish. The major market movers are focusing on a price band between $11.0 and $20.0 for UiPath. The stock is currently priced at $12.09, up 0.12%, and RSI indicators suggest it may be oversold.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:15 pm

HPQ

Deep-pocketed investors are showing significant interest in HP (NYSE:HPQ) options, with a mix of bullish and bearish sentiments. The options activity suggests a potential price range of $29.0 to $40.0 for HP in the near term. Analysts have mixed ratings, with a consensus target price of $35.8.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:02 pm

VST

Deep-pocketed investors have shown a bearish sentiment towards Vistra (NYSE:VST) through significant options activity. Benzinga's options scanner highlighted 22 extraordinary options activities, with 40% of the sentiment being bearish. The stock is currently down 6.35% at $98.67, and analysts have set an average target price of $109.67.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:30 pm

SNOW

Wealthy investors have taken a bullish stance on Snowflake (NYSE:SNOW), as evidenced by 16 significant options trades detected by Benzinga's options scanner. The sentiment is split with 50% bullish and 31% bearish. Analysts have set price targets ranging from $185 to $215, with the stock currently trading at $141.06.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:01 pm

SEDG

SolarEdge Technologies (NYSE:SEDG) has seen a 26.02% increase in its short percent of float, now at 21.55%. This indicates a bearish sentiment among investors, as it would take 3.75 days to cover these short positions. The company's short interest is significantly higher than its peers, which average 5.89%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 1:45 pm

WING

Wingstop's short interest has fallen by 9.12%, with 1.57 million shares sold short, representing 5.38% of its float. This is lower than the peer group average of 10.61%. The decrease in short interest could indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 1:00 pm

MNDY

Monday.Com's (NYSE:MNDY) short interest has fallen by 5.68%, with 2.10 million shares sold short, representing 5.15% of the float. This decrease in short interest could indicate a shift in market sentiment towards a more bullish outlook.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 1:00 pm