Streetbeat News

Order Imbalances

AXON

Axon Enterprise's short interest has increased by 16.19%, with 2.46 million shares sold short, representing 4.45% of its float. This is higher than its peers' average of 3.18%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 5:00 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT) shares have been volatile due to the 2024 election, with potential for a short squeeze if Trump wins. S3 Partners report indicates a 50% price move is possible, with DJT stock potentially reaching $60 if Trump wins, or becoming worthless if he loses.

Portfolio Pulse from Chris Katje

October 30, 2024 | 4:34 pm

BYON

Beyond (NYSE:BYON) has seen a rise in its short percent of float by 11.45%, with 6.34 million shares sold short, representing 14.02% of its float. This indicates increased bearish sentiment, although its short interest is below the peer average of 17.32%.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 2:45 pm

OWL

Blue Owl Capital's short interest has decreased by 3.96%, with 43.49 million shares sold short, representing 8.74% of its float. This is higher than its peers' average short interest of 3.36%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 2:30 pm

CTNT

Cheetah Net Supply Chain (NYSE:CTNT) has seen a significant increase in short interest, with 53.7% of its float sold short, a 3681.69% rise since the last report. This high short interest compared to peers may indicate bearish sentiment, but it could also lead to a short squeeze.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 2:15 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) experienced a significant Power Inflow, indicating a potential uptrend in its stock price. The stock closed 3% higher, with a high of 3.6% above the Power Inflow price. This event is seen as a bullish signal by traders using order flow analytics.

Portfolio Pulse from Finit

October 29, 2024 | 10:16 pm

BK

Bank of New York Mellon's short interest has increased by 11.86%, with 9.63 million shares sold short, representing 1.32% of its float. This is lower than the peer group average of 3.68%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 7:00 pm

CPRI

Capri Holdings (NYSE:CPRI) has seen a 4.83% increase in its short percent of float, now at 7.38%. This indicates a bearish sentiment, although it's below the peer average of 10.30%. It would take 6.8 days to cover short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:45 pm

CCK

Crown Holdings (NYSE:CCK) has seen a 3.15% decrease in its short percent of float, now at 2.15%. This is lower than its peers' average of 3.50%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:00 pm

CCI

Crown Castle's short interest has decreased by 9.62%, with 5.32 million shares sold short, representing 1.41% of its float. This is lower than its peers' average short interest of 4.45%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:00 pm