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Fiserv (NYSE:FI) has seen a 22.89% increase in its short percent of float since the last report, with 6.00 million shares sold short, representing 1.02% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 5.10% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:15 pm

APP

AppLovin (NYSE:APP) has seen a 3.08% increase in its short percent of float, now at 12.05% of all shares available for trading. With 17.07 million shares sold short, it would take about 3.52 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards APP, although it doesn't necessarily predict a near-term price drop. Compared to its peers, AppLovin has a significantly higher short interest, suggesting more skepticism about its performance.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:15 pm

APLS

Apellis Pharmaceuticals (NYSE:APLS) has seen a decrease in short interest, with the short percent of float falling 3.72% to 10.09%. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 11.10%, suggesting a relatively more bullish outlook compared to its peers. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into investor expectations about a stock.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:15 pm

RLX

RLX Technology Inc. (NYSE:RLX) shares rose in premarket trading after reporting Q4 adjusted earnings per ADS of $0.046, surpassing analyst expectations of $0.02, and revenue of $73.31 million, exceeding forecasts of $66.52 million. However, gross margin decreased to 23.7% from 43.6% due to a new excise tax and changes in revenue mix. The company also highlighted its strategic focus on integrating resources and optimizing its product portfolio in China.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 1:14 pm

BLND

Blend Labs shares are trading higher following the announcement of their Q4 financial results, indicating a positive market response to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:11 pm

XELB

Xcel Brands' stock price has declined following the announcement of a $2.42 million public offering of common stock and a concurrent private placement.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:07 pm

BYDDY

GELYY

STLA

Mercedes-Benz CEO Ola Källenius has called for the European Union to lower tariffs on Chinese electric vehicles (EVs) amid a European Commission investigation into Chinese automotive subsidies. Källenius argues that reducing tariffs would foster competition, enhancing European car quality. The investigation focuses on whether Chinese subsidies allow their carmakers, like BYD and Geely, to undercut European manufacturers. Stellantis and Renault, facing competition from Chinese EVs, have different views, with Stellantis expressing concerns over the threat from Chinese vehicles.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:07 pm

ALB

PILBF

XOM

Pilbara Minerals (OTCPK: PILBF) accepts a pre-auction offer for lithium spodumene concentrate, signaling a potential turnaround in the lithium market. The company also signs a significant agreement with Sichuan Yahua Industrial Group, moving away from its auction model. Meanwhile, Albemarle (NYSE:ALB) plans to auction some of its lithium, and an Argentine court suspends new mining permits in a key lithium-producing area, potentially affecting supply. Exxon Mobil (NYSE:XOM) explores Direct Lithium Extraction, indicating interest in more environmentally friendly lithium mining technologies.

Portfolio Pulse from Stjepan Kalinic

March 15, 2024 | 1:07 pm

CDLX

GETY

MCHX

In Friday's pre-market session, several Communication Services stocks showed significant movement. Cardlytics and Getty Images Holdings reported Q4 earnings, leading to a 48.3% and 6.79% increase in their stock prices, respectively. Conversely, Marchex, Kuke Music Hldg, Gaxos.AI, Cheer Holding, Baosheng Media Gr, and Grom Social Enterprises saw declines following their earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

BTTX

LSDI

MDGL

SLS

In Friday's pre-market session, several healthcare stocks showed significant movement. Better Therapeutics (BTTX) led the gainers with an 85.4% increase, while SELLAS Life Sciences Gr (SLS) experienced the largest drop among the losers, decreasing by 33.5%. Other notable movers include Madrigal Pharmaceuticals (MDGL) with a 22.34% increase and Lucy Scientific Discovery (LSDI) with a 25.53% decrease. The movements were attributed to various factors including quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm