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JMIA

Jumia Technologies (NYSE:JMIA) has seen a decrease in short interest, with 5.81 million shares sold short, representing 5.78% of its float. This is a 15.25% decrease from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with the peer group average at 8.86% of float. Short interest is a key indicator of market sentiment, and a decrease can suggest a positive shift in investor outlook towards JMIA.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

WM

Waste Management's (NYSE:WM) short interest has decreased by 5.8% since the last report, with 5.20 million shares sold short, representing 1.3% of its float. This decrease in short interest could indicate a more bullish sentiment towards WM among traders. Compared to its peers, WM has a lower short interest percentage of float, with an average of 3.44% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

KRUS

Kura Sushi USA's stock is trading higher following the announcement of their Q2 earnings, which were accompanied by FY24 guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:28 pm

ENPH

Enphase Energy's shares are trading lower following the announcement that David Ranhoff, the company's Executive Vice President and Chief Commercial Officer, plans to step down from his position due to personal reasons.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:26 pm

AMZN

DELL

META

NVDA

ORCL

Steve Cohen's Point72 Asset Management is leveraging AI for significant cost savings and efficiency, with an estimated $25M saved through Language Model Models. Cohen's portfolio includes top tech stocks like Amazon, Meta Platforms, Dell Technologies, Nvidia, and Oracle, emphasizing AI's role in their success.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 1:25 pm

RDDT

Reddit Inc (NYSE:RDDT) has faced skepticism post-IPO, with concerns about its profitability and 'meme stock' status. Despite not having reported an annual profit since its 2005 inception, its IPO was notable, with shares initially offered at $34. The stock has since dropped, trading at $45.88, below the initial $47 offering price. Analysts from Bernstein and Baird issued 'Underperform' and 'Neutral' ratings, respectively, with concerns over engagement metrics and content, but also noting Reddit's strong user community and potential for growth. The stock has lost over 9.2% since its IPO.

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 1:24 pm

ZGN

Ermenegildo Zegna's shares are trading lower following the announcement of their FY23 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:24 pm

HUBC

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares surged 41.3% in premarket trading after announcing an $8 million financing acquisition via a straight debt arrangement and the successful cash acquisition of QPoint Technologies. The financing is aimed at strengthening the company's financial foundation and supporting strategic initiatives. The acquisition of QPoint is seen as a strategic move to enhance cross-selling opportunities across various sectors.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 1:23 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) shares surged on heavy trading volume following positive interim data from a phase 2 clinical trial of CAN-2409 for non-metastatic pancreatic cancer, showing prolonged survival rates. Additionally, updated data from a phase 1b trial of CAN-3110 for recurrent high-grade glioma showed nearly double the expected median overall survival. Shares are up 15.20% in premarket trading.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 1:22 pm

OLLI

Ollie's Bargain Outlet's stock (OLLI) trades higher following an upgrade from Hold to Buy by Loop Capital, with a raised price target from $80 to $90.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:16 pm