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ITUB

Itau Unibanco Holding (NYSE:ITUB) has experienced a 13.21% increase in short interest since its last report, with 28.92 million shares sold short, representing 0.6% of its float. The average time to cover these short positions is 1.97 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. ITUB's short interest is below its peer group average of 0.81%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

FTNT

Fortinet (NYSE:FTNT) has seen a 6.08% increase in short interest since its last report, with 12.31 million shares sold short, representing 1.92% of its float. The average time to cover these short positions is 1.81 days. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Compared to its peers, Fortinet has a lower short interest as a percentage of float, with the peer group average at 4.67%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

ARM

ARM Holdings (NASDAQ:ARM) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. ARM's financial metrics show a high P/E, P/B, and P/S ratios, indicating a premium valuation. However, its ROE is negative, and EBITDA is below the industry average, suggesting inefficiencies and potential financial challenges. Despite this, ARM has a strong revenue growth rate of 27.94%, outperforming the industry average. ARM's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

SPY

USO

USA crude oil inventories experienced a significant draw of 6.911 million barrels, surpassing the estimated draw of 2.704 million barrels and contrasting with the prior build of 2.909 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 4:00 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has seen its stock rise over 55% in the last five days, following several positive developments. The company announced the delivery of 63 Class 3 vehicles to Randy Marion Automotive Group, invoiced at $3.969 million, and the delivery of 50 all-electric Mullen One, Class 1 cargo vans, invoiced at $1.68 million. Mullen Automotive is on track to deliver 150 Mullen Threes by year-end and anticipates shipping 285 Mullen One cargo vans within the next five business days. Additionally, the company has completed the development of its solid-state polymer cell to pack integration for Mullen One Class 1 EV cargo vans, with pack level testing beginning on Dec. 28. A 1-for-100 reverse stock split was executed on Dec. 21.

Portfolio Pulse from Erica Kollmann

December 28, 2023 | 3:57 pm

VEXTF

Vext Science, Inc. has reached agreements with debenture holders to convert $4.6 million of debt into 27,700,625 common shares at $0.175 each. The conversion is subject to regulatory approval and will release all security held by the debenture holders. Sopica Special Opportunities Fund Limited, an insider shareholder, is participating, making this a related party transaction. VEXTF's stock rose 9% to $0.218 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 28, 2023 | 3:57 pm

CLRO

ClearOne shares are trading higher following the company's announcement of improvements to its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:55 pm

ENVB

Enveric Biosciences has announced EB-003 as its lead drug candidate from the EVM301 Series, with plans to start preclinical development in early 2024. Shares are trading higher following the news.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:54 pm

ASPN

CALT

CAN

CDT

CIFR

HUT

IREN

MARA

NEO

RIOT

UUUU

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

AAPL

GOOGL