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FTNT

Fortinet's (NYSE:FTNT) short percent of float has fallen 5.52% since its last report, with 10.13 million shares sold short, which is 1.54% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Fortinet has less short interest as a percentage of float, with an average of 5.38%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:01 pm

SUNW

Sunworks reported preliminary Q2 revenue results that were below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:01 pm

CYBN

Cybin Inc. has begun dosing the final cohort of its Phase 2 trial for CYB003 in major depressive disorder. Following this announcement, the company's shares have seen a decrease in value.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:00 pm

CDLX

Needham analyst Kyle Peterson reiterated a Buy rating on Cardlytics, Inc (NASDAQ:CDLX), raising the price target to $19 from $10. CDLX's 2Q23 results exceeded expectations, and the company's relationships with top US banks are seen as key to its targeted marketing success. Peterson raised FY23 and FY24 revenue estimates and expects the company's acquisitions to diversify its MAU base and advertiser vertical mix.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 12:00 pm

ELF

e.l.f. Beauty, Inc. (NYSE:ELF) reported better-than-expected Q1 results, with earnings of $1.10 per share and revenues of $216.34 million, beating analyst consensus estimates. The company also raised its FY 2024 outlook, estimating a 37% to 39% YoY increase in net sales. Several analysts maintained their ratings and raised their price targets for the company. ELF shares were up 15.5% at $134.57.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 12:00 pm

BIDU

A significant number of investors have taken a bearish stance on Baidu (NASDAQ:BIDU), with 70% of detected trades being bearish. The whales have been targeting a price range from $135.0 to $190.0 for Baidu over the last 3 months. The price of BIDU is currently down -4.04% at $147.0. The next earnings are expected to be released in 20 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm

APO

Unusual options activity has been observed for Apollo Global Management (NYSE:APO), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 10 uncommon trades, with 70% bullish and 30% bearish sentiment. The trades included 3 puts amounting to $119,991 and 7 calls amounting to $2,399,030. Whales have been targeting a price range from $65.0 to $90.0 for APO over the last 3 months. Major banks have maintained their ratings on APO, with price targets ranging from $81 to $92.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm

HMC

Honda Motor Co's (NYSE:HMC) short percent of float has risen 20.0% since its last report, with 1.93 million shares sold short, which is 0.12% of all regular shares available for trading. It would take traders 2.04 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Honda's short interest as a percentage of float is less than its peer group average of 10.90%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm

VALE

Vale's (NYSE:VALE) short percent of float has fallen 5.49% since its last report, with 38.01 million shares sold short, which is 0.86% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Vale's short interest as a percentage of float is lower than its peer group average of 3.95%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm

FUN

Cedar Fair (NYSE:FUN) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $1.10. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $38.8, down 7.34% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm