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PINS

Pinterest (NYSE:PINS) has seen a 54.8% increase in short interest since the last report, with 35.76 million shares sold short, representing 6.13% of available shares. The short interest ratio is 2.81 days to cover. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Pinterest's short interest is slightly below its peer group average of 6.14%. Short interest can sometimes be a bullish indicator, suggesting a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

IREN

Over the past quarter, Iris Energy (NASDAQ:IREN) received 9 analyst ratings, with 4 being bullish and 5 somewhat bullish, and none bearish. The average 12-month price target for IREN is $9.22, with a high of $11.00 and a low of $6.50. This target reflects a 7.8% decrease from the previous target of $10.00. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

COP

JP Morgan has maintained a Neutral rating on ConocoPhillips (NYSE:COP) but lowered its price target from $153.00 to $141.00. ConocoPhillips' shares are currently trading up 0.55% at $111.46. The new price target suggests a potential 26.5% increase from the current price. ConocoPhillips is an independent oil and gas company with significant production and reserves.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

DLR

Digital Realty Trust (NYSE:DLR) has received mixed analyst ratings in the last quarter, with 2 bullish and 2 indifferent ratings. The average price target among these analysts is $122.5, which is below the current price of $137.84, suggesting a potential downside. The average price target has increased by 5.15% from the previous target of $116.50. Analysts typically review stocks each quarter and their ratings are based on detailed financial analysis and company performance.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

CYN

Cyngn Inc's stock (NASDAQ:CYN) plummeted by 48% to $0.21 after the company announced a public stock offering priced at approximately $5.0 million. The offering includes over 33 million shares of common stock and pre-funded warrants at $0.15 per share or $0.14999 per pre-funded warrant. The closing date is scheduled for December 12, subject to standard closing conditions. Cyngn plans to use the proceeds for general corporate purposes and working capital. The company specializes in autonomous vehicle technology for industrial use. CYN's 52-week trading range is between $0.17 and $1.38.

Portfolio Pulse from Henry Khederian

December 08, 2023 | 4:58 pm

CYN

Cyngn Inc. has announced the pricing of a $5 million public offering of its common stock, which has led to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 4:57 pm

AMD

Advanced Micro Devices, Inc. (AMD) stock has risen over 7% in the past five days following its Advancing AI event, where it announced new AI products. Analysts from Stifel and Raymond James have reiterated their positive ratings on AMD, with price targets of $145 and $140, respectively. AMD's stock is currently trading above its 50-day moving average and near its 52-week high.

Portfolio Pulse from Erica Kollmann

December 08, 2023 | 4:56 pm

BLUE

Bluebird Bio, Inc. (NASDAQ:BLUE) stock is trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and increased the price target from $3 to $7. The upgrade is in anticipation of an FDA decision on the company's drug lovo-cel for sickle cell disease by December 20. Morgan Stanley expects the stock to rise as the decision date approaches and believes in the potential of Bluebird Bio's other treatments, Skysona and Zynteglo, in the long term. The stock has a high short interest of 23.16%.

Portfolio Pulse from Erica Kollmann

December 08, 2023 | 4:53 pm

BLUE

Bluebird Bio's stock (BLUE) is trading higher following an upgrade by Morgan Stanley from Underweight to Equal-Weight and an increase in the price target from $3 to $7.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 4:50 pm

ARKB

FBTC

Fidelity has listed its Spot Bitcoin ETF, FBTC, on the DTCC, with the SEC closely monitoring the approval process. BlackRock's iShares spot Bitcoin ETF and Grayscale's application are also under SEC review, with a decision window from Jan. 5 to Jan. 10, 2024. The market anticipates approval, which could further boost Bitcoin prices. Fidelity also applied for a spot Ethereum ETF. Negative sentiments around Bitcoin were expressed by Senator Elizabeth Warren and JPMorgan CEO Jamie Dimon, citing its use in illegal activities.

Portfolio Pulse from Khyathi Dalal

December 08, 2023 | 4:50 pm