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ITUB

Itau Unibanco Holding (NYSE:ITUB) has seen a 13.21% increase in short interest since its last report, with 28.92 million shares sold short, representing 0.6% of available shares. The short interest ratio is 1.97 days to cover. 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 12, 2023 | 1:15 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen a 5.75% rise in short interest since the last report, with 10.47 million shares sold short, representing 2.76% of available shares. It would take about 3.67 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Compared to its peers, MPC has a lower short interest as a percentage of float (2.76% vs. peer average of 8.47%).

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:15 pm

BTI

British American Tobacco (NYSE:BTI) has seen a 36.84% decrease in short interest, now at 2.61 million shares or 0.12% of float. This suggests a more bullish sentiment among traders, as it would take only 1 day to cover short positions. BTI's short interest is below its peer group average of 2.01%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:15 pm

GENE

Genetic Technologies announced a share consolidation of 1 for 100 and a change in the ADS ratio from 1 ADS representing 600 shares to 1 ADS representing 30 shares. The effective date is December 14, 2023. Shares will trade on the ASX as 'GTGDA' from December 14 to 22, 2023, and revert to 'GTG' from December 27, 2023. ADSs will continue trading on the Nasdaq under 'GENE'.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:13 pm

XFOR

B. Riley Securities analyst Kalpit Patel downgraded X4 Pharmaceuticals (XFOR) from Buy to Neutral and reduced the price target from $3 to $1.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:12 pm

ACLS

Axcelis Technologies, Inc. (NASDAQ:ACLS) has announced the shipment of multiple Purion H SiC Power Series and Purion M SiC Power Series ion implanters to power device chipmakers in Europe and Asia. These systems will be used in high volume production of power devices for EV applications. Axcelis has also closed a deal for a Purion H200 SiC Power Series evaluation tool in Europe. The Purion Power Series is designed to handle various wafer sizes and types, offering high throughput and capital efficiency for power device manufacturing.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:11 pm

ILMN

B of A Securities analyst Derik De Bruin downgraded Illumina (NASDAQ:ILMN) from Neutral to Underperform and reduced the price target from $140 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:09 pm

ANGH

CNET

HRYU

LIZI

LPTV

LSXMA

MNY

NFTG

TEF

TRKA

WIMI

In Tuesday's pre-market session, several communication services stocks saw significant movements. Hanryu Holdings (HRYU), NFT Gaming Co (NFTG), Anghami (ANGH), Troika Media Group (TRKA), NFT (MI), and Liberty SiriusXM Gr (LSXMA) experienced gains, while WiMi Hologram Cloud (WIMI), Telefonica (TEF), Loop Media (LPTV), ZW Data Action Tech (CNET), MoneyHero (MNY), and Lizhi (LIZI) saw declines. Notably, Loop Media's Q4 earnings were released, and MoneyHero's Q3 earnings report came out four days ago.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:07 pm

ACHV

CADL

CCCC

CCLDP

ICVX

In Tuesday's pre-market session, several healthcare stocks experienced significant movements. C4 Therapeutics (CCCC) saw a 59.7% increase, while Candel Therapeutics (CADL) and Icosavax (ICVX) rose by 47.38% and 45.85%, respectively. AEON Biopharma (AEON), IN8bio (INAB), and Sonoma Pharmaceuticals (SNOA) also saw gains. Conversely, CareCloud (CCLDP), Achieve Life Sciences (ACHV), Assure Hldgs (IONM), Pasithea Therapeutics (KTTA), CareCloud (CCLDO), and Nexalin Technology (NXL) experienced declines, with CareCloud (CCLDP) dropping by 35.9%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:07 pm

BLBD

EGLE

JCSE

LASE

SNCY

In Tuesday's pre-market session, several industrial stocks showed significant movement. Laser Photonics (LASE) saw a 19.8% increase, while Blue Bird (BLBD) rose by 11.23% following their Q4 earnings report. Eagle Bulk Shipping (EGLE) also gained 9.54%. On the downside, JE Cleantech Hldgs (JCSE) dropped by 7.2%, and Sun Country Airlines (SNCY) fell by 5.09%. Other stocks experienced various degrees of movement as well.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:07 pm