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EMR

Emerson Electric Co. (NYSE:EMR) has seen a decrease in short interest, with the short percent of float dropping 8.65% since the last report. The company has 5.40 million shares sold short, representing 0.95% of available shares. The average time to cover these short positions is 3.11 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Emerson Electric has a lower short interest compared to its peer group average of 11.42%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 6:16 pm

AFL

Aflac's (NYSE:AFL) short interest has decreased by 11.52% since the last report, with 9.79 million shares sold short, representing 1.69% of available shares. The average time to cover these short positions is 6.27 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on the stock. Aflac has less short interest compared to its peer group average of 1.95%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 6:15 pm

ADI

Analog Devices (NYSE:ADI) has seen a 16.79% increase in short interest since its last report, with 7.89 million shares sold short, representing 1.6% of available shares. It would take about 3.52 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, ADI's short interest is below its peer group average of 3.67%. This could be interpreted as less bearish sentiment compared to its peers, and sometimes increasing short interest can be bullish for a stock.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 6:15 pm

USO

The U.S. Baker Hughes Oil Rig Count has decreased to 499 from the previous count of 501, indicating a slight reduction in oil drilling activity.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:07 pm

BLK

GBTC

The U.S. launch of spot Bitcoin ETFs saw $4.5 billion in trading volumes on the first day, with significant contributions from Grayscale Bitcoin Trust (GBTC) and BlackRock's new iShares Bitcoin Trust (IBIT). Grayscale's conversion to an ETF and BlackRock's entry into the market marked notable events, but the true measure of new capital inflows remains uncertain. Vanguard's boycott of ETFs contrasts with the market's positive response to these new cryptocurrency investment vehicles.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 6:00 pm

SYT

SYLA Technologies shares have resumed trading after a temporary halt. The article does not provide details on the reasons for the halt or the implications for the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:59 pm

SYT

SYLA Technologies Co., Ltd. (NASDAQ:SYT), a Japanese real estate crowdfunding platform operator, has completed the acquisition of a 20.39% stake in RIBERESUTE CORPORATION, becoming its largest shareholder. The acquisition involved 2,158,800 shares and was finalized on January 12, 2024, following an agreement made on November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:58 pm

TSLA

Tesla has reportedly halted most production at its Berlin factory and implemented additional price cuts in China, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:56 pm

SYT

Shares of SYLA Technologies Co. were halted due to a circuit breaker after surging 109.6%.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:54 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) shares dropped after the company was not selected for the Tranche 2 Tracking Layer funding by the Space Development Agency. The company expressed substantial doubt about its ability to continue as a going concern, following a 20% reduction in workforce and a significant decrease in cash from $62 million to $10 million year-over-year. Despite discussions with potential strategic partners, no definitive agreements have been reached. Momentus is seeking capital to bridge to profitable commercial production, without which operations may be further reduced or stopped. MNTS shares fell 18.43% to $1.01.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 5:53 pm