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QLYS

Qualys (NYSE:QLYS) has seen an 11.17% increase in short interest since its last report, with 3.43 million shares sold short, representing 10.65% of its float. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. Qualys's short interest is significantly higher than its peer group average of 3.79%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:30 pm

CUBE

CubeSmart's (NYSE:CUBE) short interest has increased by 9.06% since the last report, with 5.70 million shares sold short, representing 2.89% of its float. The current short interest suggests a bearish market sentiment towards CUBE, although it has less short interest compared to its peers' average of 3.94%. The increase in short interest does not necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:30 pm

BTCUSD

Bitcoin's price surpassed $60,000, reaching levels not seen since November 2021, largely due to the introduction of Bitcoin ETFs. The SEC's approval of a spot Bitcoin ETF has sparked renewed interest, with significant community and industry reactions. The upcoming Bitcoin halving event in April 2024 is also generating anticipation, potentially influencing future price movements.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 3:22 pm

EXR

Extra Space Storage's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:21 pm

LI

NIO

TSLA

XPEV

Li Auto Inc. (NASDAQ:LI) reported strong fourth-quarter results with triple-digit revenue growth and improved margins, but forecasted a significant slowdown in growth for the current quarter. The Chinese NEV sector is facing a slowdown, exacerbated by negative media reports and consumer concerns. Li Auto's shares surged nearly 20% following the announcement. The company outperformed rivals like Xpeng, Nio, and Tesla in terms of price-to-sales ratio, reflecting investor confidence in its long-term viability. However, the overall NEV sector in China is expected to face challenges in 2024, including a slowdown in sales growth and negative publicity surrounding NEV safety.

Portfolio Pulse from The Bamboo Works

February 28, 2024 | 3:16 pm

AMZN

Financial analysis reveals a bearish sentiment among big money traders on Amazon.com (NASDAQ:AMZN), with 66% showing bearish tendencies in recent options trades. The price target for AMZN is set between $115.0 and $200.0. Trading volume and open interest analysis for AMZN's options indicate significant activity within this price range. Amazon's current market position shows a slight decrease in stock price, with an earnings announcement expected in 57 days. Professional analysts maintain a positive outlook, with an average price target of $217.0.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:16 pm

BAC

Deep-pocketed investors have shown a bearish sentiment towards Bank of America (BAC), with a significant move detected by Benzinga's options scanner. The scanner revealed 13 extraordinary options activities, with a bearish majority of 92%. The options trades suggest a price target range for BAC from $18.0 to $42.0. The largest trades include both puts and calls, with a bearish sentiment even on calls. Bank of America is a major financial institution in the U.S., and despite the bearish outlook from options traders, professional analysts from Oppenheimer and Morgan Stanley have set higher price targets of $50 and $41, respectively.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:16 pm

BETS

Bit Brother shares have resumed trading, potentially impacting investor sentiment and market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:15 pm

OVV

Ovintiv's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:14 pm

UNH

UnitedHealth shares are trading lower due to a report about the Justice Department initiating an antitrust investigation into the company.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:13 pm