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CUBE

CubeSmart (NYSE:CUBE) has seen a 7.43% increase in its short percent of float, now at 3.18% with 5.30 million shares sold short. It would take about 4.34 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards CubeSmart, although it has less short interest compared to its peer group average of 4.01%. Short interest is a critical indicator of market sentiment, and an increase can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:15 pm

XBP

XBP Europe Holdings Inc (NASDAQ:XBP) shares surged 58% to $2.07 after announcing a $40 million contract with His Majesty's Passport Office for a nationwide transformation project in the UK. The project, focusing on digitizing historical documents using XBP's AI-led platform, is set to be operational by summer 2024.

Portfolio Pulse from Henry Khederian

May 02, 2024 | 4:07 pm

OLB

OLB Group Inc (NASDAQ:OLB) shares surged 16% to $0.50 after shareholders approved a 1-for-10 reverse stock split, effective May 6. The reverse split aims to reduce the total shares from 18.1 million to 1.8 million, intending to increase the market price per share to maintain its Nasdaq listing. No fractional shares will be issued; instead, they will be converted into cash.

Portfolio Pulse from Henry Khederian

May 02, 2024 | 4:07 pm

ELAB

Elavi Labs shares surged following the announcement of the launch of Elevai Biosciences and Elevai Skincare, alongside positive results from its licensor's 2022 preclinical studies on EL-22.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:06 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) shares surged after reporting Q1 sales of $5.272 million, surpassing analyst expectations of $3.779 million, a significant increase from $21,000 in the same period last year. Despite this, the company reported a quarterly loss of 31 cents per share, missing the consensus estimate of a 29-cent loss. Enovix also announced a development agreement with a top smartphone OEM, highlighting the potential of its silicon batteries for next-generation smartphones. The stock's movement is partly attributed to 31.1% of its shares being sold short.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 4:06 pm

PENN

PENN Entertainment, Inc. (NASDAQ:PENN) shares dropped after reporting Q1 financial results that fell short of expectations. The company reported a loss of 79 cents per share, missing the consensus estimate of a 59 cents loss, and quarterly sales of $1.607 billion, below the expected $1.627 billion. Despite challenges, including unfavorable outcomes from major sporting events, the company highlighted the resilience of its property level performance and the success of ESPN BET in driving demand. Total liquidity stood at $1.9 billion, with net debt at $1.7 billion.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 4:06 pm

FSLY

Fastly, Inc. (NYSE:FSLY) shares dropped after issuing weak Q2 and FY guidance despite better-than-expected quarterly results. The company's Q2 and full-year revenue and earnings forecasts fell below analysts' expectations, leading to downgrades by B of A Securities and DA Davidson with lowered price targets. Fastly's year-to-date share performance has outperformed its historical averages, with a current RSI indicating neutral conditions.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 4:05 pm

NC

NACCO Industries reported a year-over-year increase in Q1 revenue results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:04 pm

RLI

RLI Corp. (NYSE:RLI) has increased its quarterly dividend from $0.27 to $0.29 per share, marking the 49th consecutive year of dividend increases. The new dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. The dividend yield based on the new annual rate and the recent closing price is 0.81%.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:04 pm

ETSY

Etsy Inc (NASDAQ:ETSY) shares fell sharply after reporting disappointing Q1 results, with analysts adjusting their ratings and price targets. The company faces challenges in balancing growth and margins amid a tough discretionary spending environment. Analysts noted a decline in gross merchandise sales (GMS) but highlighted management's efforts in marketing and product launches to counteract these trends. Despite the current challenges, there is an expectation of GMS improvement in the second half of the year.

Portfolio Pulse from Priya Nigam

May 02, 2024 | 4:03 pm