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NUE

Nucor Corporation (NYSE:NUE) has experienced a 3.55% increase in short interest since its last report, with 5.38 million shares sold short, representing 2.92% of its float. The current short interest suggests a bearish sentiment among investors, but it's not a definitive indicator of a future price drop. Nucor's short interest is below its peer group average of 4.30%. Short interest can be a complex indicator, as increasing short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 8:00 pm

ADSK

Autodesk's (NYSE:ADSK) short interest has increased by 12.87% since the last report, with 2.43 million shares sold short, representing 1.14% of available shares. It would take 2.23 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Autodesk has less short interest compared to its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 8:00 pm

CABA

CREV

ICCM

PDD

SNES

THAR

U.S. stocks saw gains with the Dow Jones rising by 0.27%, NASDAQ by 0.12%, and S&P 500 by 0.07%. Consumer discretionary shares led the gains, while health care shares declined. Crude oil surged by 2.1%, and gold also rose. Carbon Revolution, PDD Holdings, and IceCure Medical saw significant stock price increases following positive news. Tharimmune's shares plummeted after pricing a public offering at $1 per share. SenesTech and Cabaletta Bio also experienced sharp declines in their share prices.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:57 pm

CC

CTVA

DD

MMM

A U.S. appeals court reversed a lower court's decision, preventing 11.8 million Ohio residents from suing chemical companies like 3M Co, DuPont de Nemours, Corteva, and Chemours for PFAS contamination. The plaintiff could not prove the chemicals in his blood were from these companies or that they caused harm. This ruling is a significant win for the chemical industry, which faces global scrutiny over PFAS, known as 'forever chemicals' due to their persistence in the environment and human body.

Portfolio Pulse from Natan Ponieman

November 28, 2023 | 7:47 pm

NOC

Northrop Grumman (NYSE:NOC) has seen a 9.57% increase in short interest since the last report, with 1.56 million shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 1.71 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a stock price decline. Northrop Grumman's short interest is below its peer group average of 3.00%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:45 pm

MS

Morgan Stanley's (NYSE:MS) short interest has increased by 5.0% since the last report, with 21.13 million shares sold short, representing 1.68% of available shares. It would take 2.21 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Morgan Stanley's short interest is below its peer group average of 4.08%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:45 pm

SYY

Sysco Corporation (NYSE:SYY) has experienced a 6.43% increase in short interest since its last report, with 7.49 million shares sold short, representing 1.49% of its float. The average time to cover these short positions is 2.6 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Sysco's short interest is below its peer group average of 4.20%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:45 pm

SNES

THAR

SenesTech, Inc. (NASDAQ:SNES) shares plummeted by approximately 50% after announcing the pricing of a $5.0 million public offering at $1.30 per share with additional warrants. The stock dropped to $0.9189. Other stocks experienced significant movements, with gainers including IceCure Medical Ltd (ICCM), RedHill Biopharma Ltd. (RDHL), and HNR Acquisition Corp (HNRA), among others. Losers included Tharimmune, Inc. (THAR), Cabaletta Bio, Inc. (CABA), and Acelyrin, Inc. (SLRN), with Tharimmune's shares falling sharply after pricing its public offering at $1 per share.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:44 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) is expected to report higher earnings for its fiscal 2024 Q3, with analysts predicting $1.41 per share compared to $0.99 a year ago and revenues of $1.85 billion. Despite lowering its subscription growth guidance in September, analysts have updated their ratings and price targets. B of A Securities raised the target to $270, UBS to $245, Oppenheimer maintained at $255, Morgan Stanley cut to $245, and Barclays reduced to $249. Workday's stock closed slightly down at $235.83.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:42 pm

SYF

Synchrony Financial's stock is trading higher following the announcement of an agreement to sell its subsidiary, Pets Best Insurance Services, to Poodle Holdings. The sale of Pets Best is likely to impact Synchrony's financials and strategic focus.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:42 pm