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MFG

Mizuho Financial Group's (NYSE:MFG) short interest has increased by 100% since the last report, with 2.19 million shares sold short, representing 0.02% of the float. It would take about 2.68 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Mizuho's short interest is below its peer group average of 0.87%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:15 pm

AVB

AvalonBay Communities (NYSE:AVB) has seen an 8.65% increase in short interest since its last report, with 2.34 million shares sold short, representing 2.26% of available shares. It would take about 2.24 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, AVB has less short interest, with the peer group average at 3.18% of float.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:15 pm

SAP

SAP's (NYSE:SAP) short interest has increased by 14.29% since the last report, with 2.85 million shares sold short, representing 0.24% of available shares. It would take about 3.49 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, SAP has less short interest compared to its peers, with an average of 3.58% in the peer group. This rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:15 pm

PNTG

Stephens & Co. analyst Scott Fidel has upgraded Pennant Gr (NASDAQ:PNTG) from Equal-Weight to Overweight and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:13 pm

FSK

ML

TW

XYF

Four financial stocks with high RSI values, indicating potential overbought conditions, are X Financial (XYF), Tradeweb Markets Inc. (TW), MoneyLion Inc. (ML), and FS KKR Capital Corp. (FSK). XYF reported strong Q3 results with a 16% stock increase over five days. TW's trading volume grew 43.3% YoY, with a 5% stock gain over five days. ML experienced a 48% stock jump over the past month despite downbeat quarterly sales. FSK's stock rose 4% over five days after pricing a public offering of $400 million notes.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:12 pm

BALY

Wells Fargo analyst Daniel Politzer has downgraded Ballys (NYSE:BALY) from Equal-Weight to Underweight while maintaining the price target at $10.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:12 pm

ACHC

Stephens & Co. analyst Scott Fidel has upgraded Acadia Healthcare Co (NASDAQ:ACHC) from Equal-Weight to Overweight and set a price target of $92.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:12 pm

SPRO

Spero Therapeutics has announced that it will soon provide Phase 2a topline proof of concept data for its SPR720 program. Additionally, the company has begun dosing in its PIVOT-PO Phase 3 trial. Spero is also set to receive $95 million in milestone payments as part of a licensing agreement.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:11 pm

CMPX

Compass Therapeutics, Inc. (CMPX) provided a corporate update, detailing progress in their clinical trials for various cancer treatments. The company expects to report top-line data from the COMPANION-002 and COMPANION-003 studies in the second half of 2024 and mid-year 2024, respectively. CTX-471 showed promising results, with one patient achieving a complete response. The company also plans to dose the first patient with CTX-8371 in Q1 2024. Leadership changes include Vered Bisker-Leib becoming CEO and Thomas Schuetz transitioning to President of R&D. Compass ended 2023 with $152 million in cash, expected to last until mid-2026.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:11 pm

NCLH

Wells Fargo analyst Daniel Politzer has downgraded Norwegian Cruise Line (NCLH) from Overweight to Equal-Weight while maintaining the price target at $18.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:11 pm