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MPWR

Monolithic Power Systems (NYSE:MPWR) has seen a 21.62% increase in short interest since its last report, with 1.29 million shares sold short, representing 3.6% of its float. It would take about 2.07 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. MPWR's short interest is slightly below its peer group average of 3.63%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:15 pm

VFS

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $7. The reaffirmation of the rating and price target suggests continued confidence in the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:12 pm

KRRO

Korro Bio, Inc. (KRRO) has nominated KRRO-110, its first RNA editing oligonucleotide candidate from its OPERA platform, for the treatment of Alpha-1 Antitrypsin Deficiency (AATD). KRRO-110 has shown promise in preclinical mouse models, demonstrating the ability to repair the A1AT protein misfolding and reduce liver aggregates. With over 50% editing efficiency and increased secretion of normal A1AT protein, Korro expects to make a regulatory filing in the second half of 2024. AATD is a genetic disorder with limited treatment options, and KRRO-110 could potentially transform the standard of care.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:10 pm

HEPA

Trading of Hepion Pharm, Inc. shares is set to resume at 8:30 a.m. ET after being temporarily halted.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:08 pm

BWAY

BrainsWay has announced that its Deep Transcranial Magnetic Stimulation (Deep TMS) technology will have expanded availability in South Korea. Recent sales are anticipated to increase the company's installed base in South Korea to over 20 systems.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:07 pm

ABLV

KRKR

TRKA

WIMI

In Thursday's pre-market session, several communication services stocks experienced significant movements. WiMi Hologram Cloud (WIMI) and 36KR Holdings (KRKR) were among the gainers, with WIMI rising 28.4% and KRKR up 13.49%, following their Q3 earnings release. Conversely, Troika Media Group (TRKA) and Able View Global (ABLV) were among the losers, with TRKA dropping 67.0% and ABLV down 19.32%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

ANIX

CERE

DARE

MODD

PHIO

VNDA

WVE

In Thursday's pre-market session, several healthcare stocks experienced significant movements. Dare Bioscience (DARE) led the gainers with a 31.1% increase, while Phio Pharma (PHIO) saw the largest decline, dropping 34%. Other notable movers included Anixa Biosciences (ANIX), Vanda Pharma (VNDA), and Cerevel Therapeutics Hldg (CERE) with substantial gains, and Modular Medical (MODD) and WAVE Life Sciences (WVE) with notable losses.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

ASLE

BYU

GRFX

JBLU

MCOM

NKLA

SATL

SGBX

VIEW

VINO

In Thursday's pre-market session, several industrial stocks showed significant movement. Satellogic (SATL) shares surged by 21.9%, while View (VIEW) and AerSale (ASLE) also saw considerable gains of 17.14% and 15.08%, respectively. JetBlue Airways (JBLU) and Safe & Green Holdings (SGBX) rose by 8.03% and 7.91%. Gaucho Group Holdings (VINO) increased by 7.72%. On the downside, Baiyu Holdings (BYU) dropped by 22.7%, Nikola (NKLA) by 20.61%, and OceanPal (OP) by 6.17% after Q3 earnings. Micromobility com (MCOM), Graphex Gr (GRFX), and Bloom Energy (BE) also experienced declines.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

BRZE

CXM

CYN

HTCR

MLGO

MRIN

RCAT

SAI

SMTC

VRNT

ZFOX

In Thursday's pre-market session, several information technology stocks showed significant movement. Cyngn, MicroAlgo, Semtech, Verint Systems, HeartCore Enterprises, and Braze experienced gains, with Cyngn leading at a 108.4% increase. On the other hand, Red Cat Holdings, Sprinklr, SAI.TECH Global, C3.ai, Marin Software, and ZeroFox Holdings saw their stock prices fall, with Red Cat Holdings dropping by 29%. The movements were largely attributed to recent Q3 earnings reports, with Semtech, Verint Systems, Braze, Sprinklr, and ZeroFox Holdings having released their earnings within the last two days.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:06 pm

CYN

Shares of Cyngn Inc. (NASDAQ:CYN) surged after the company announced a new patent for its autonomous vehicle technology. The patent, US-11,837,089-B2, covers a modular extensible behavioral decision system that integrates environmental factors for AV decision-making. Cyngn's DriveMod solutions aim to provide advanced automation with humanlike driving capabilities across various vehicle types without the need for infrastructure changes. CEO Lior Tal emphasized the importance of protecting their intellectual property to maintain a competitive edge.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 1:04 pm