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WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW), an AI-powered touchless sensing wearables company, has announced the opening of a new U.S. office in Redwood City, California, to expand its presence in North America. The Silicon Valley location will enable the company to engage more closely with the tech community and respond to the needs of North American customers. The expansion is expected to foster growth and innovation, particularly for the Mudra Band, and enhance customer service and business relations in the region.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:21 pm

TPCS

Wynnefield Capital, the largest institutional stockholder of TechPrecision Corporation (NASDAQ:TPCS), with a 4.5% ownership, demands a public conference call to discuss TechPrecision's proposed acquisition of Votaw Precision Technologies. Wynnefield expressed concerns over the lack of transparency, the financing of the $110 million deal, potential stockholder dilution, and increased debt leverage. TechPrecision's recent share price has declined to a 52-week low, and its last acquisition, STADCO, remains poorly integrated, raising questions about the Board's decision-making and execution.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:19 pm

MAYS

J. W. Mays reported a Q4 2023 EPS of $(0.10), a decrease from $0.03 YoY. Revenue also decreased to $5.323M from $5.769M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:18 pm

SVFD

Save Foods, Inc. shares have risen after the company announced its acquisition of majority ownership in Nitrousink Ltd, targeting the US carbon credit market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:17 pm

CPB

Campbell Soup Co (CPB) reported Q1 FY24 sales of $2.52 billion, a 2% decline YoY but in line with expectations, and an adjusted EPS of $0.91, beating estimates by $0.03. The company reaffirmed its FY24 guidance. CPB offers a 3.42% annual dividend yield, equating to $1.48 per share annually. To earn $500 monthly from dividends, an investment of approximately $175,295 is needed, while $35,068 is required for $100 monthly. CPB shares rose 7.1% to close at $43.24 following the earnings report.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:16 pm

COMS

COMSovereign Holding Corp. (NASDAQ:COMS) filed its annual 10-K report for 2022 and is working to file delinquent quarterly reports for 2023. The company underwent a business transition, including cost-cutting and streamlining its corporate structure, which resulted in a 75% reduction in headcount and consolidation into a single reporting entity. COMSovereign has continued product sales, expanded its partner network, and disposed of non-core assets. The company aims to return to current-filer status and will update shareholders on developments early next year. COMSovereign received a delisting notice from Nasdaq for non-compliance with filing requirements but has been granted a hearing to present its compliance plan.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:15 pm

ET

Energy Transfer (NYSE:ET) has seen a 14.59% decrease in short interest since the last report, with 48.08 million shares sold short, representing 1.58% of available shares. The average time to cover these short positions is 3.28 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Energy Transfer has a lower short interest compared to its peer group average of 3.57%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:15 pm

GIS

General Mills (NYSE:GIS) has seen a decrease in short interest, with the short percent of float dropping 5.48% since the last report. The company has 12 million shares sold short, representing 2.07% of available shares. The current short interest is lower than the peer group average of 4.99%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:15 pm

MPWR

Monolithic Power Systems (NYSE:MPWR) has seen a 21.62% increase in short interest since its last report, with 1.29 million shares sold short, representing 3.6% of its float. It would take about 2.07 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. MPWR's short interest is slightly below its peer group average of 3.63%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:15 pm

VFS

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $7. The reaffirmation of the rating and price target suggests continued confidence in the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:12 pm