Streetbeat News

Order Imbalances

DAL

Recent options activity for Delta Air Lines (NYSE:DAL) shows a bearish trend with 55% of trades being puts. The stock is currently trading at $39.86, down by 3.95%. Analysts have a consensus target price of $60.5, with ratings of Outperform and Buy from Bernstein and TD Cowen, respectively.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:47 pm

SSB

SouthState (NYSE:SSB) has seen a 5.56% increase in its short percent of float, now at 6.45%. This is higher than its peers' average of 3.34%. It would take traders 7.19 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:15 pm

SNES

SenesTech (NYSE:SNES) has seen a significant rise in its short interest, with 82.08% of its float sold short. This is much higher than its peers' average of 6.89%. It would take traders 9.96 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:00 pm

RJF

Raymond James Financial (NYSE:RJF) has seen an 11.61% increase in its short percent of float, now at 3.46% of all regular shares available for trading. This is lower than the peer group average of 5.61%. It would take traders 6.0 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 4:30 pm

SAVA

Cassava Sciences (NYSE:SAVA) has seen a 23.21% increase in its short percent of float, now at 35.89%. This indicates a bearish sentiment among investors. It would take traders 4.75 days to cover their short positions. Compared to its peers, Cassava Sciences has a significantly higher short interest.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 4:15 pm

CVNA

Carvana's short interest has decreased by 13.93%, with 18.85 million shares sold short, representing 19.83% of its float. This is higher than the peer group average of 12.65%. It would take traders 4.67 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 2:30 pm

WEX

WEX's short interest has risen by 31.51% since its last report, with 717 thousand shares sold short, representing 1.92% of its float. This increase in short interest could indicate bearish sentiment among investors. However, WEX's short interest is still lower than the peer group average of 5.81%.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 2:00 pm

AAL

American Airlines Group (NYSE:AAL) has seen a 26.56% increase in short interest, with 110.41 million shares sold short, representing 19.11% of its float. This is significantly higher than its peers' average short interest of 10.86%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 1:15 pm

KITT

Nauticus Robotics (NYSE:KITT) has seen a significant rise in short interest, with 1.15 million shares sold short, representing 50.75% of its float. This increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 8:45 pm

FAF

First American Financial (NYSE:FAF) has seen a 9.43% increase in its short percent of float, now at 1.16 million shares sold short, or 1.16% of its float. This is below the peer group average of 2.18%. The increase in short interest could indicate bearish sentiment.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 8:45 pm