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Potential short squeeze plays have gained popularity among traders in 2021 and 2022. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. MedAvail Holdings, Healthcare Triangle Inc, Yellow Corporation, Greenidge Generation Holdings, and Blue Apron Holdings Inc are the top five short squeeze candidates this week. Other stocks to watch include Getty Images Holdings, JOANN Inc, Celcuity Inc, UpHealth Inc, and Tupperware Brands Corporation.

Portfolio Pulse from Chris Katje

August 07, 2023 | 2:15 pm

APLS

Wedbush has maintained a Neutral rating on Apellis Pharmaceuticals and lowered its price target from $32 to $29. This has led to a decrease in Apellis Pharmaceuticals' share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:14 pm

OXAC

Shares of Oxbridge Acquisition Corp. have resumed trading.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:12 pm

ADAUSD

BTCUSD

ETHUSD

SOLUSD

Digital asset investment products saw a downturn this week, with outflows reaching $107 million, indicating an accelerated pace of profit-taking. Bitcoin (CRYPTO: BTC) experienced its most significant weekly outflows since March, amounting to $111 million. Ethereum (CRYPTO: ETH) also recorded outflows of $6 million. However, altcoins like Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), and Litecoin (CRYPTO: LTC) saw inflows, with Solana leading with $9.5 million. Uniswap (CRYPTO: UNI) and Cardano (CRYPTO: ADA) experienced outflows.

Portfolio Pulse from Murtuza Merchant

August 07, 2023 | 2:12 pm

DAC

EGLE

Danaos Corporation (DAC) reported a Q2 FY23 operating revenue decline of 3.8% YoY to $241.48 million, beating the consensus of $225.75 million. Operating income contracted 5.9% YoY to $147.62 million. Adjusted EPS was $7.14, above the consensus of $6.67. During the quarter, DAC acquired 1.55 million shares of Eagle Bulk Shipping Inc. (EGLE) for $68.2 million, representing a 16.7% shareholding stake. DAC shares are trading higher by 0.18% at $68.25.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 2:12 pm

ASRT

Assertio Holdings Inc (ASRT) shares are trading higher by 12.48% after the company reported Q2 financial results and withdrew its 2023 financial outlook due to the recent approval of a generic indomethacin suppository by the U.S. FDA. Zydus Lifesciences Limited received the approval and has been granted a CGT designation and 180-day CGT exclusivity to market the product.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 2:09 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower after the company announced a CFO transition. Zachary Kirkhorn, who served as CFO for the last four years, stepped down from his role. Vaibhav Taneja, Tesla's chief accounting officer since March 2019, has been appointed as the new CFO. Kirkhorn will continue to serve Tesla through the end of the year to support a smooth transition.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 2:08 pm

SVFD

Trading of Save Foods (SVFD) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:08 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) shares are trading lower after the company commenced trading on a 1-for-10 reverse stock split-adjusted basis. The company's shares are moving lower on above-average trading volume with more than 660,000 shares traded compared to the 100-day average of 1.04 million shares. Bionano Genomics is expected to release its Q2 financial reports on Wednesday, with an expected loss of 10 cents per share and revenue of $8.29 million.

Portfolio Pulse from Erica Kollmann

August 07, 2023 | 2:08 pm

OXAC

Shares of Oxbridge Acquisition Corp. (OXAC) were halted on a circuit breaker due to a sharp downside movement. However, the stock is now up by 36.2%.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:08 pm