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LUV

Southwest Airlines (NYSE:LUV) has seen a 12.16% decrease in short interest, with 20.61 million shares sold short, representing 3.9% of available shares. The average time to cover these short positions is 2.59 days. A decrease in short interest may indicate a more bullish sentiment among investors. Compared to its peers, Southwest has a lower short interest as a percentage of float, with the peer group average at 8.86%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 6:30 pm

RNAZ

TransCode Therapeutics (NYSE:RNAZ) has experienced a significant increase in short interest, with the short percent of float rising by 2201.23% since the last report. Currently, 394 thousand shares are sold short, representing 37.51% of available shares for trading. The short interest is an indicator of market sentiment, and the current rise suggests investors may be more bearish on RNAZ. However, an increase in short interest does not necessarily predict a near-term price drop. TransCode Therapeutics has a higher short interest compared to its peers, with the peer group average at 6.69%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 6:30 pm

NKLA

Nikola Corporation (NYSE:NKLA) has seen a 13.04% rise in short interest since its last report, with 191.11 million shares sold short, representing 17.16% of its float. The short interest is higher than the peer group average of 4.23%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Traders would need approximately 1.68 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 6:30 pm

STLA

Stellantis NV (NYSE:STLA) has begun in-house production of hydrogen fuel cell commercial vans in Europe, with facilities in Hordain, France, and Gliwice, Poland. The company aims to expand its zero-emission vehicle range and strengthen its position in the commercial vehicle segment. The vans offer a range of up to 400-500 kilometers and refueling times of 4-5 minutes. Stellantis will produce eight hydrogen fuel cell versions of mid-size and large vans, including models from Fiat Professional, Citroën, Peugeot, and Opel/Vauxhall. Additionally, Stellantis has invested in Tiamat, a French company specializing in sodium-ion battery technology. STLA shares were down 1.16% at $20.97 in the last check.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 6:24 pm

LLY

NVO

Eli Lilly (LLY) is in talks with the German government to allow public health coverage for weight-loss treatments, following EU approval for its drug Mounjaro. The company plans to invest €2 billion in a German production plant. A study showed Mounjaro is more effective than Novo Nordisk's (NVO) Ozempic for weight loss. LLY shares rose 0.59%.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 6:14 pm

SOL-USD

The Solana-based memecoin Wen (CRYPTO: WEN) reached a market cap of over $150 million within three days of trading, following an airdrop to over a million users. Wen surpassed the market cap of another Solana memecoin, Myro (CRYPTO: MYRO). A trader made $1.6 million by buying Wen early and selling a portion of it. Jupiter (CRYPTO: JUP), Solana's largest DEX aggregator, is also planning an airdrop for eligible users.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 6:13 pm

JAZZ

Barclays analyst Balaji Prasad has maintained an Overweight rating on Jazz Pharmaceuticals (NASDAQ:JAZZ) but reduced the price target from $240 to $235.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:10 pm

ONMD

Shares of OneMedNet Corporation (ONMD) were halted due to a circuit breaker, which typically occurs when a stock experiences significant price movement in a short period of time.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:09 pm

ACHR

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:09 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock is trading higher, influenced by the recent increase in Bitcoin's price and a positive analyst upgrade. Bitcoin's price has risen over 8% in the past five days, positively impacting crypto-related stocks like Coinbase. Oppenheimer analyst Owen Lau upgraded Coinbase from Perform to Outperform with a price target of $160, citing potential favorable outcomes in ongoing litigation with the SEC and benefits from the approval of spot Bitcoin ETFs.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 6:07 pm