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Hyundai Motor Company has become the second-largest electric vehicle maker in the U.S., surpassing Ford and General Motors, with a 10% market share. Hyundai's growth is driven by increased sales of its Ioniq models and strategic expansion plans, including new plants in Georgia.

Portfolio Pulse from Chris Katje

August 20, 2024 | 7:57 pm

UBXG

U-BX Technology shares were halted due to a circuit breaker as the stock surged 13.6%.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:55 pm

LTTSF

Lotus Ventures Inc. has completed a sale of its shares to 5008679 Ontario Limited, resulting in the delisting from the CSE and OTC Markets. The company faced financial difficulties, including a significant revenue drop and a net loss in 2022.

Portfolio Pulse from Nina Zdinjak

August 20, 2024 | 7:50 pm

SOL

Emeren Group's shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:46 pm

EBS

Emergent BioSolutions (NYSE:EBS) has seen a 19.14% decrease in its short percent of float, now at 8.62%. This is lower than its peers' average of 15.07%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:45 pm

TMDX

TransMedics Gr's short interest has decreased by 3.54%, with 21.01% of its float sold short. This is higher than its peers' average of 3.70%. It would take 9.49 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:45 pm

CDNS

Cadence Design Systems (NYSE:CDNS) has seen a decrease in its short interest by 11.54%, with 2.81 million shares sold short, representing 1.15% of its float. This is lower than the peer group average of 2.70%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:45 pm

TSNDF

TerrAscend Corp. has announced a $10 million share repurchase program following strong Q2 results, marking its first stock buyback initiative. The program allows for the repurchase of up to 10 million shares, about 5% of the public float, starting August 22, 2024. The company reported a 7.5% increase in net revenue year-over-year and has no major debt maturing until 2027. Despite the positive news, TSNDF shares were trading 6.61% lower.

Portfolio Pulse from Patricio Liddle

August 20, 2024 | 7:42 pm

MFIN

ZimCal Asset Management, a major investor in Medallion Financial Corp. (MFIN), expresses concern over the company's Q2 2024 results, highlighting poor trends in core charge-offs, ROAA, ROAE, and cash-burn. Despite market skepticism, ZimCal sees potential upside with improved governance and leadership.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:35 pm

COIN

The potential appointment of SEC Chair Gary Gensler as Treasury Secretary under a Kamala Harris administration could lead to increased regulation in the crypto industry, potentially depressing crypto prices. Gensler's history of stringent regulation has already caused concern in the crypto community, with fears of further complications for crypto companies.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 7:34 pm