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TEAM

Atlassian's (NYSE:TEAM) short percent of float has fallen 13.91% since its last report, with 3.08 million shares sold short, which is 2.29% of all regular shares available for trading. It would take traders 2.74 days to cover their short positions on average. The decrease in short interest could signal a more bullish sentiment towards the stock. Atlassian's short interest as a percentage of float is less than its peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

ETN

Eaton Corp's (NYSE:ETN) short percent of float has risen 22.58% since its last report, with 4.54 million shares sold short. This represents 1.14% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Eaton Corp's short interest as a percentage of float is less than its peer group average of 11.70%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

ADI

Analog Devices's (NYSE:ADI) short percent of float has risen 17.31% since its last report, with 6.07 million shares sold short, which is 1.22% of all regular shares available for trading. This does not necessarily mean that the stock will fall in the near-term. Compared to its peers, Analog Devices has less short interest as a percentage of float, with an average of 3.57%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

SFIX

Stitch Fix's shares are trading higher despite mixed Q4 results.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:41 pm

DUST

FNV

GOLD

NEM

NUGT

The Direxion Daily Gold Miners Index Bull 2X Shares (NYSE:NUGT) slid over 2% as the Federal Reserve began its monthly meeting. Analysts are mixed on the Fed's decision on interest rates, with Bank of America expecting a hold and Goldman Sachs predicting a pause followed by cuts in 2024. The ETF, which tracks several gold and silver mining companies, is trading in a possible bull flag pattern under the 50-day simple moving average (SMA). A break up could indicate a longer-term bull cycle. The ETF could rise towards the $36 mark if it breaks up from the flag on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

September 19, 2023 | 3:39 pm

ICCT

iCoreConnect announced a new endorsement partnership with the Rhode Island Dental Association, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:39 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41.70 per share on 1.1 million shares, significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:38 pm

CVS

Shares of CVS Health Corp (NYSE:CVS) traded higher after Evercore analyst Elizabeth Anderson upgraded the company's rating to Outperform and set a price target of $83. Anderson cited improvements in operational issues and higher confidence in management's outlook as reasons for the upgrade. She also suggested that CVS could regain a 4-star rating in its main Medicare Advantage plan, which would boost confidence in its operations.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 3:34 pm

RVNC

Revance Therapeutics has announced plans to exit the OPUL payments business, expecting to record a restructuring charge of up to $7 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:33 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41.80 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:33 pm