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TGT

Target's (NYSE:TGT) short percent of float has risen 7.43% since its last report, with 9.98 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 2.34 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Target's peer group average for short interest as a percentage of float is 3.06%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:30 pm

PCG

PG&E's (NYSE:PCG) short percent of float has risen 13.91% since its last report, with 35.68 million shares sold short, which is 1.72% of all regular shares available for trading. It would take traders 2.27 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. PG&E's peer group average for short interest as a percentage of float is 2.08%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:30 pm

MPWR

Monolithic Power Systems's (NYSE:MPWR) short percent of float has fallen 6.84% since its last report, with 1.51 million shares sold short, which is 4.22% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, compared to its peers, Monolithic Power Systems has a higher short interest as a percentage of float (3.52%).

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:30 pm

CHPT

ChargePoint has projected its FY24 revenue to be between $605M and $630M, which is lower than the estimated $674.94M.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:28 pm

INTA

Intapp (INTA) has provided its Q1 and FY24 outlook, with Q1 EPS expected to be around $0.03, matching estimates, and revenue between $96M-$97M, surpassing the $94.16M estimate. For FY24, the company expects EPS to be between $0.20-$0.24, beating the $0.17 estimate, and revenue between $419M-$423M, higher than the $402.07M estimate.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:28 pm

DD

DuPont (DD) has announced a new $2 billion accelerated share repurchase transaction. This move is expected to provide immediate returns to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:28 pm

TCNNF

Kim Rivers, CEO of Trulieve Cannabis Corp (OTCQX:TCNNF), expressed optimism about the potential federal rescheduling of cannabis, which would remove it from the federal prohibited list. This change would significantly impact the cannabis industry, particularly in terms of tax implications. Trulieve has paid over $220 million in 280E-related taxes in the last 24 months. The rescheduling could provide relief from this burden, enabling further investment in growth opportunities. Rivers also emphasized the need for Congress to push forward with the SAFE Banking Act.

Portfolio Pulse from Joana Scopel

September 06, 2023 | 8:27 pm

INTA

Intapp (NASDAQ:INTA) reported Q4 earnings of $0.04 per share, beating the analyst consensus estimate of $0.01 by 300%. This is a 200% increase over losses from the same period last year. The company also reported quarterly sales of $94.62 million, beating the analyst consensus estimate of $93.11 million by 1.62%. This is a 25.29% increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:25 pm

NTRA

Natera, a genetic testing company, has announced a proposed follow-on offering of $250 million. The funds raised will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 pm

HCI

HCI Group anticipates that the pre-tax gross loss from Hurricane Idalia will be within reinsurance retention limits for both Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 pm