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AZO

AutoZone (NYSE:AZO) has seen a decrease in short interest, with the short percent of float falling 6.67% since the last report. The company has 476 thousand shares sold short, which is 3.08% of available shares for trading. The current short interest is lower than the peer group average of 13.55%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:45 pm

CI

Cigna Group's (NYSE:CI) short interest has decreased by 21.55% since the last report, with 2.65 million shares sold short, representing 0.91% of available shares. The average time to cover these short positions is 1.08 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on CI. Compared to its peers, CI has a lower short interest as a percentage of float, with the peer group average at 8.95%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:45 pm

HUT

Hut 8 Mining Corp. (HUT) stock is trading higher following the announcement that it has been chosen by Celsius debtors to develop a site in Cedarvale, Texas.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:34 pm

GILD

Gilead Sciences (NYSE:GILD) has seen a decrease in short interest, with the short percent of float dropping 4.29% since the last report. The company has 17.42 million shares sold short, representing 1.56% of available shares for trading. The average time to cover these short positions is 2.93 days. A decrease in short interest can indicate a more bullish sentiment among investors. Gilead's short interest is below its peer group average of 5.05%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

KVUE

Kenvue (NYSE:KVUE) has seen an 11.46% rise in short interest since the last report, with 19.65% of its float shorted, representing 39.04 million shares. The short interest is higher than the peer group average of 6.09%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as it may lead to a short squeeze if the stock price increases.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

V

Over the past 15 years, Visa (NYSE:V) has produced an average annual return of 21.8%, outperforming the market with an annualized basis of 9.79%. A $100 investment in Visa stock 15 years ago would be worth $1,940.14 today. Visa's current market capitalization stands at $531.99 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

MDB

MongoDB (NYSE:MDB) has experienced a 3.45% increase in short interest since its last report, with 3.53 million shares sold short, representing 5.69% of its float. It would take about 3.1 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, MongoDB has less short interest compared to its peer group average of 6.16%. The rise in short interest doesn't necessarily predict a price drop, but it's a factor traders should consider.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

OKE

Over the past 20 years, ONEOK (NYSE:OKE) has delivered an average annual return of 9.54%, outperforming the market by 1.96% annually. A $1000 investment in OKE 20 years ago would be worth $6,306.77 today. ONEOK currently has a market cap of $39.88 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

NKLA

Nikola Corp founder Trevor Milton has been sentenced to four years in prison for fraud after being found guilty of misleading investors about Nikola's technology capabilities. Milton was convicted in October 2022 and faced up to 60 years, but prosecutors recommended 11 years. He inflated the company's share price by falsely claiming Nikola had built a truck with its own batteries, while they were actually sourced from a third party. Nikola's market cap is now around $1.05 billion, with shares down over 58% since the start of the year.

Portfolio Pulse from Adam Eckert

December 18, 2023 | 7:26 pm

BLK

GBTC

Galaxy Digital, led by Mike Novogratz, is looking to acquire more assets from bankrupt crypto companies following a successful deal with FTX. The company managed FTX's Bitcoin and Ether holdings, as well as investments in Grayscale's Bitcoin Trust, boosting its assets under management from $1.7 billion to $5.3 billion. Galaxy is offloading FTX's tokens under a US court mandate and is interested in FTX's venture capital portfolio. Galaxy is also planning to shift its stock listing to Nasdaq and is working on launching a euro-denominated stablecoin and a spot bitcoin ETF in collaboration with Invesco and Cboe Global Markets.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 7:25 pm