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IREN

Iris Energy's (NYSE:IREN) short interest has decreased by 58.63% since the last report, with 1.02 million shares sold short, representing 1.03% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 6.94%. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:45 pm

BKR

Baker Hughes (NYSE:BKR) has seen an 8.07% increase in its short percent of float since the last report, with 24.77 million shares sold short, representing 3.75% of its available trading shares. It would take about 3.07 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards BKR, although it has less short interest compared to its peers' average of 8.02%.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:45 pm

NA

Trading of Nano Labs shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:41 pm

CADL

Candel Therapeutics, Inc. (NASDAQ:CADL) shares surged after receiving FDA orphan drug designation for CAN-2409, a treatment for pancreatic cancer. The designation follows promising phase 2 trial results, showing significant improvement in median overall survival rates when combined with standard care. The news has led to a substantial increase in trading volume, with over 20.7 million shares traded, significantly above the 100-day average of 4 million shares. The company does not pay dividends but engages in other value-return activities for shareholders.

Portfolio Pulse from Erica Kollmann

April 11, 2024 | 3:39 pm

NA

Nano Labs shares were halted due to a circuit breaker trigger after the stock plummeted by 37.8%. This significant drop led to a temporary trading pause to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:36 pm

NA

Trading of Nano Labs shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:35 pm

NKLA

M&M Residual and Trevor R. Milton have withdrawn their nomination of directors for Nikola Corporation's Board, citing concerns over potential fraud and misconduct by the company's management and certain directors. They highlighted issues such as operational underperformance, product liability, and misleading public statements, which have led to significant stockholder value destruction. The company's recent undisclosed sale of the Nikola Badger and powersports program, and the handling of Nikola trucks catching fire, were specifically criticized. M&M Residual and Milton are considering legal action against Nikola's officers and directors, and have dissolved their previous group intending to solicit Nikola stockholders for the upcoming Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:35 pm

CVNA

KMX

Carvana Co (CVNA) shares declined, influenced by CarMax Inc's (KMX) drop after reporting worse-than-expected earnings. CarMax's Q4 revenue and EPS missed estimates, with a slight decrease in net revenues and used vehicle unit sales. Despite this, CarMax's CEO remains optimistic, aiming for significant sales growth by 2030. Carvana is anticipated to report a Q1 loss but has seen a 90.61% stock increase over three months. Analysts rate Carvana as Neutral, with expectations of a significant rise.

Portfolio Pulse from Adam Eckert

April 11, 2024 | 3:33 pm

NA

Nano Labs shares were halted due to a circuit breaker trigger after the stock plummeted by 20.7%.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:31 pm

NA

Nano Labs Ltd (NASDAQ:NA), a fabless integrated circuit design company based in China, announced a $5M registered direct offering at $1.15 per share, including warrants. The offering involves 4,347,825 Class A ordinary shares and warrants for up to 6,521,737 shares, exercisable at $1.265. The proceeds, before fees and expenses, are aimed for company growth. Maxim Group LLC is the placement agent. The offering's closure is anticipated around April 15, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:31 pm