Latest News for Clean Vision Stock (OTC:CLNV)

Clean Vision Corp is a new entrant in the clean energy and waste-to-energy industries focused on clean technology and sustainability opportunities. It is focused on providing a solution to the plastic waste problem by recycling the waste and converting it into saleable byproducts, such as hydrogen and other clean-burning fuels. Using a technology known as pyrolysis, which heats the feedstock at high temperatures in the absence of oxygen so that the material does not burn, It is able to turn the feedstock into (i) clean fuels, (ii) clean hydrogen and (iii) carbon black or char.

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CLNV

On Wednesday, shares of Clean Vision Corp (OTC: CLNV) experienced volatile short activity. After the activity, the stock price went down -5.01% to $0.0379.

The overall sentiment for CLNV has been Bearish.

Short Volatility Alert: Clean Vision Corp

Trading Volume In The OTCQB Venture Market Picks Up in December – A Summary Of OTC Market Group’s Most Active List In December

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On December 14th, the Federal Reserve hiked its key interest rate by 50 basis points. This was the first deceleration in rate hike increases in 2022; between March and November 2022, the interest rate had jumped 25 basis points, 50 basis points and then 75 points four times in a row in between each Federal Reserve meeting.  

Trading Volume In The OTCQB Venture Market Picks Up in December – A Summary Of OTC Market Group&#39;s Most Active List In December

OTC Market Group’s Most Active List In November: A Dive Into The Names Experiencing Volume Changes

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The SPDR S&amp;P 500 ETF Trust (NYSEARCA: SPY) increased by 5.56% in November, recording two subsequent monthly increases for the first time in 2022.

OTC Market Group&#39;s Most Active List In November: A Dive Into The Names Experiencing Volume Changes

CLEAN VISION CORPORATION by Clean Vision Corporation

Clean Vision Corp

<a href="https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/#:~:text=to%20these%20products.-,Exchanges%20are%20being%20asked%20to%20update%2019b%2D4%20filings%20on,a%20key%20deadline%20this%20Thursday.">https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/#:~:text=to%20these%20products.-,Exchanges%20are%20being%20asked%20to%20update%2019b%2D4%20filings%20on,a%20key%20deadline%20this%20Thursday.</a>
&nbsp;
The exchanges that want to list and trade shares of spot ether <a href="https://coindesk.com/price/ethereum/">(ETH)</a> exchange-traded funds are abruptly being asked by regulators to update key filings related to these products.
Exchanges are being asked to update 19b-4 filings on an accelerated basis by the U.S. Securities and Exchange Commission, three people familiar with the situation told CoinDesk, suggesting they may be moving to approve these applications ahead of a key deadline this Thursday.
That doesn't mean the ETFs will be authorized, though. Would-be issuers also need their S-1 applications approved before the products could begin trading. SEC could take an indefinite amount of time to approve the S-1 documents, one person familiar with the matter said, as it isn't tied to a deadline.

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"Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed; Exchanges Are Being Asked To Update 19b-4 Filings On An Accelerated Basis By The U.s. Securities And Exchange Commission" - CoinDesk

Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) reported quarterly Adj losses of $(0.19) per ADS which missed the analyst consensus estimate of $(0.03) by 533.33 percent. This is a 29.63 percent increase over losses of $(0.27) per ADS from the same period last year. The company reported quarterly sales of $39.80 million which missed the analyst consensus estimate of $46.24 million by 13.93 percent. This is a 57.64 percent decrease over sales of $93.95 million the same period last year.

Earnings

ZEPP

Zepp Health Q1 Adjusted Loss Per ADS $(0.19) Misses $(0.03) Estimate, Sales $39.80M Miss $46.24M Estimate

Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) has outperformed the market over the past 15 years by 6.81% on an annualized basis producing an average annual return of 19.25%. Currently, Discover Finl has a market capitalization of $31.23 billion. 
Buying $100 In DFS: If an investor had bought $100 of DFS stock 15 years ago, it would be worth $1,401.69 today based on a price of $124.61 for DFS at the time of writing.
<h3>Discover Finl's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716238819_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $1,400 Today

Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) has outperformed the market over the past 10 years by 9.68% on an annualized basis producing an average annual return of 20.4%. Currently, Gartner has a market capitalization of $35.42 billion. 
Buying $100 In IT: If an investor had bought $100 of IT stock 10 years ago, it would be worth $640.06 today based on a price of $456.30 for IT at the time of writing.
<h3>Gartner's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716238814_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $600 Today

Rubicon Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) shares are falling after the company reported its first-quarter financial results Monday. Here's a <a href="https://www.benzinga.com/pressreleases/24/05/b38926484/rubicon-reports-first-quarter-2024-financial-results">look at the details.&nbsp;</a>
The Details:
Rubicon Technologies reported $163.062 million in sales for the quarter, representing a 9.96% decrease from the same period last year. The company also reported quarterly losses of 33 cents per share. 
&#8220;We are pleased to report our results for the first quarter, demonstrating our continued momentum through year-over-year Adjusted EBITDA improvement on our path to profitability. This performance is a testament to the dedication and hard work of our team, as well as the trust and support of our customers,&#8221; said Phil Rodoni, CEO of Rubicon.
&#8220;The recent sale of the fleet technology business unit aligns with our strategic vision to lead our industry by innovating and investing in sustainable practices that meet the evolving needs of both our hauler network and customer base. We are excited to leverage this newfound financial agility to drive growth, enhance our competitive edge, and deliver exceptional value to our shareholders and customers alike.&#8221;
On May 7, the company announced it had sold its fleet technology business and issued convertible preferred stock in Rubicon to Rodina Capital in a sale with a total transaction value of $94.2 million, which includes up-front cash of $61.7 million and an earnout consideration of $12.5 million that could become payable in 2024. 
Rubicon also issued $20.0 million of convertible preferred stock to Rodina Capital.
Rubicon shares are trading lower following the print after gaining 27.4% during regular trading Monday. 
Related News:<a href="https://www.benzinga.com/news/24/05/38741220/whats-going-on-with-pelotons-stock"> </a><a href="https://www.benzinga.com/news/earnings/24/05/38926952/palo-alto-networks-shares-drop-after-q3-results-in-line-guidance-the-details">Palo Alto Networks Shares Drop After Q3 Results, In-Line Guidance: The Details</a>
RBT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rubicon Technologies shares are down 36% after hours at 12 cents at the time of publication Monday.
Image: Shutterstock

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Rubicon Technologies Stock Tanks After Q1 Results: Here's Why

On Monday, May 20th, Bloomberg ETF analyst Eric Balchunas posted on X, raising his chances of a spot ETF approval from 25% to 75%. Within an hour, the post received over one million views. Balchunas is regarded as one of the most trusted sources in the crypto ETF space after playing a role in news coverage of the spot Bitcoin ETFs, which were released in January 2024. The update from Balchunas made waves in the crypto markets, causing the price of ETH to skyrocket over 10% within minutes.
Don't Miss:
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<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/kraken"> how much would $10 get you today</a>?</li>
<li>If you invested $1000 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
</ul>
Balchunas said that he is "hearing chatter this afternoon that SEC could be doing a 180 on" <a href="https://www.benzinga.com/money/what-is-ethereum-etf">spot Ethereum ETF</a> applications. The SEC has been largely quiet about Ethereum ETFs over the past several months, mainly looking to make a decision on whether ETH should be classified as security or a commodity. Because the SEC has been so quiet, many have taken it as negative for the chances of a spot ETH ETF approval. However, with a final deadline for multiple ETFs on May 23rd and 24th, there is seemingly pressure on the SEC to make decisions before the deadline.&nbsp;
To add more context to <a href="https://x.com/ericbalchunas/status/1792636523050906102?s=46">Balchunas' post</a>, he alluded to <a href="https://x.com/NateGeraci/status/1792330334169903568">another tweet from Nate Geraci</a>, a crypto ETF expert. Geraci's tweet noted that the "SEC must approve both the 19b-4s (exchange rule changes) &amp; S-1s (registration statements) for ETFs to launch. Technically possible for SEC to approve 19b-4s &amp; then slow play S-1s (esp given reported lack of engagement here)."
Essentially, the SEC could give a partial greenlight to the ETFs, giving them time to take a much closer look at S-1s, which would allow them to better vet the applications to see how compliant they would be. This seems to make the most sense, as the SEC has been in the midst of a large debate surrounding the ETFs that could take more time than previously thought to conclude.&nbsp;
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,<a href="https://www.benzinga.com/money/adv-6eth"> here&#8217;s why it can be true</a>.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Another point of context is that ARK and 21Shares recently amended their application to <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38842331/ark-21shares-amends-spot-eth-etf-filing-cathie-wood-on-ethereum-etf-approvals">remove staking</a>. The move was likely made in an attempt to make their application more appealing to the SEC. While removing staking is obviously a negative for the ETF, it could play a role in increasing the odds of approval.&nbsp;
The buzz that Balchnas is hearing must be significant. Less than a week ago, he posted saying that he believes the odds of a spot ETH ETF are "<a href="https://x.com/EricBalchunas/status/1790384182717190481">slim to none</a>", but has since raised his prediction to 75%.&nbsp;
The path of the Ethereum ETFs does share some similarities with the approval of the <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">spot Bitcoin ETFs</a>, as the SEC was largely quiet in the weeks and days leading up to the approval. While the situations are largely different, it does show that it is entirely possible that the SEC could approve spot ETH ETFs later this week despite relative silence from the SEC.&nbsp;
A spot Ethereum ETF would be a huge milestone for crypto adoption, allowing a whole cast of new investors to access the token and could potentially send ETH to new ATHs above the $4,900 level.&nbsp;&nbsp;
Read Next:
<ul>
<li>How much Bitcoin did Michael Saylor says you need to become a millionaire?<a href="https://www.benzinga.com/money/1milbitcoin-adv"> The number may shock you.</a></li>
<li>Bitcoin has jumped another 45% already this year &#8211;<a href="https://www.benzinga.com/money/kraken"> how much would you need to get started today?</a></li>
</ul>

Bloomberg Analyst Raises Spot Ethereum ETF Approval Odds to 75%: Will Approvals Happen This Week?

Federal Reserve

'FDIC Chair Gruenberg Tells Staff He Plans To Resign Once Successor Confirmed, Announcement Comes After Senate Banking Committee Chairman Called For New Leadership' - WSJ

WIIM

Rubicon Technologies shares are trading lower after the company reported a year-over-year decrease in Q1 sales results.

Larimar Therapeutics, Inc. - Common Stock

LRMR

Larimar Therapeutics shares are trading higher after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is in the spotlight this week as it prepares to report its first-quarter 2024 earnings on Wednesday. This announcement marks the first anniversary of its remarkable first-quarter 2023 earnings, which ignited an AI-driven rally <a href="https://www.benzinga.com/topic/semiconductors">in the chipmaker industry.</a>
The consensus among Wall Street analysts predicts Nvidia to report an earnings per share (EPS) of $5.60, more than five times the EPS from the same quarter last year. Revenue projections are similarly optimistic, with expectations set at $24.59 billion, over three times the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38924492/nvidia-set-for-steady-gains-with-software-centric-shift-and-blackwell-transition-an">revenue in Q1 2023.</a>
As Bank of America noted in a recent note, since the &#8216;blowout&#8217; Q1 2023, Nvidia&#8217;s market capitalization has surged by $1.5 trillion. The company&#8217;s last twelve months (LTM) EPS has skyrocketed by 617% year-over-year, and mentions of AI during corporate earnings calls have increased by 186%.
Yet, the AI-driven gains initiated by Nvidia are now expected to extend beyond the chipmaking sector to encompass power, commodities, and utilities, according to Bank of America&#8217;s analysts. 
&#8216;It&#8217;s not just about Nvidia anymore,&#8217; Ohsung Kwon, CFA, equity and quant strategist at Bank of America, stated. 
Nvidia has driven 37% of S&amp;P earnings growth over the LTM and 11% of returns. However, it is projected to contribute only 9% to earnings growth over the next 12 months.
Nvidia&#8217;s 1-Year Share Price Performance vs. Semiconductor Industry – iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82-1024x495.png" alt="" class="wp-image-346475" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20151721/image-82.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read also: <a href="https://www.benzinga.com/news/large-cap/24/05/38770955/ai-revolution-on-the-doorstep-the-tidal-wave-is-well-underway-analyst-says">AI Revolution &#8216;On the Doorstep:&#8217; The &#8216;Tidal Wave&#8217; Is Well Underway, Analyst Says</a>
<h3 class="wp-block-heading">Demand From AI Data Centers To Fuel Gains In Power Players</h3>
McKinsey projects a 10-12% annual increase in global data center power demand between 2020 and 2030.
Bank of America analyst Andrew Obin believes that &#8220;AI adoption adds potential upside to these forecasts.&#8221;
The investment bank foresees that various sectors will benefit from AI-centric demand growth, including power producers with merchant capacity, grid equipment providers, pipeline companies, and grid technology providers. Commodities such as copper and uranium are also expected to benefit.
Amid this backdrop, Vertiv Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), a manufacturer of power and cooling equipment for data centers, has significantly outperformed Nvidia by 300% since Nvidia&#8217;s spectacular AI quarter last year.
Vertiv&#8217;s portfolio, which includes electrical and thermal equipment for data centers, accounts for approximately 75% of its revenue. Projections suggest that global data center demand could reach 126-152 GW by 2030, driving around 250 TWh of new electricity demand, equating to 8% of total US power demand by 2030. Data centers operate a highly power-intensive model, necessitating constant power access and reliable connectivity.
Chart: Power Player Vertiv Holdings Sharply Outperformed Nvidia In The Last Year
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83-1024x495.png" alt="" class="wp-image-346484" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152049/image-83.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Utilities To Benefit From AI-Driven Power Demand</h3>
Paul Cole, a research analyst at Bank of America, commented, &#8220;Investors in utilities are likely too cautious in estimating the incremental margin opportunities presented by data center growth.&#8221;
He identified Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>), Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), and Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) as clear beneficiaries of the data center proliferation and the associated increase in power needs.
Chart: Year-To-Date Performance Of $CEG, $VST, $NEE and $D
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84-1024x495.png" alt="" class="wp-image-346489" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/20152516/image-84.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
 Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38746512/utilities-notch-7th-straight-session-of-gains-potential-derivative-play-to-the-ai-b">Utilities Notch 7th Straight Session Of Gains: &#8216;Potential Derivative Play To The AI Boom&#8217;</a>
Image generated using artificial intelligence via Midjourney.

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NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

AI-Driven Rally Set To Expand To Power, Commodities, Utilities: 'It's Not Just About Nvidia Anymore'

NDSN

Nordson shares are trading lower following mixed Q2 earnings and soft Q3 revenue guidance.

Guidance

James Hardie Industries Says In Europe, Anticipate Overall Addressable Market To Be Down In FY25 Versus FY24, While Europe Building Products Segment Is Expected To Perform Above The Market; Fy25, We Have Adjusted Our Transfer Pricing On Intercompany Sale Of Product From U.S. To Europe

James Hardie Industries Says In Australia, Anticipates Addressable Underlying Housing Market Will Decrease In FY25 Versus FY24; Net Sales From Australian Business Are Expected To Trend Above The Average Growth Of Domestic Alterations And Additions And Single Family Detached Housing Markets

CRWD

FTNT

Shares of cybersecurity stocks are trading lower in sympathy with Palo Alto Networks, which fell after reporting Q3 earnings.

James Hardie Industries Says It Expects U.S. Residential End Markets To Be Down Slightly In FY25 Versus FY24; Expects Growth In New Construction To Be More Than Offset By Declines In R&R Activity Given Segment Mix

Monster Beverage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NYSE">MNST</a>) short percent of float has risen 7.41% since its last report. The company recently reported that it has 13.27 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Monster Beverage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716237920_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Monster Beverage has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Monster Beverage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Monster Beverage's peer group average for short interest as a percentage of float is 5.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

MNST

Looking Into Monster Beverage's Recent Short Interest

MACOM Technology Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NYSE">MTSI</a>) short percent of float has risen 4.33% since its last report. The company recently reported that it has 4.43 million shares sold short, which is 7.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MACOM Technology Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716237915_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MACOM Technology Solns has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MACOM Technology Solns's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MACOM Technology Solns's peer group average for short interest as a percentage of float is 4.30%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

MTSI

Looking Into MACOM Technology Solns's Recent Short Interest

Biogen's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NYSE">BIIB</a>) short percent of float has fallen 3.56% since its last report. The company recently reported that it has 3.15 million shares sold short, which is 2.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Biogen Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716237910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Biogen has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Biogen's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Biogen's peer group average for short interest as a percentage of float is 6.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BIIB

How Is The Market Feeling About Biogen?

James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.57 by 2.55 percent. The company reported quarterly sales of $3.936 billion which missed the analyst consensus estimate of $3.985 billion by 1.23 percent.

Earnings Beats

Earnings Misses

James Hardie Industries FY 2024 Adj EPS $1.61 Beats $1.57 Estimate, Sales $3.936B Miss $3.985B Estimate

Four lesser-valued cannabis stocks showed&nbsp;positive performance on Monday, defying the broader sector&#39;s downtrend. These stocks&mdash;Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International&nbsp;&mdash;present potential investment opportunities.
<h3>Positive Performers Among Smaller Cannabis Stocks</h3>
<ul>
<li>Medical Marijuana Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mjna#OTC">MJNA</a>), priced at $0.0021, has total assets of $72.775 million but faces financial challenges, including a net income loss of $280.475 million and an EBITDA of -$268.242 million. MJNA maintains a gross profit margin of 79.95%.</li>
<li><a href="https://www.benzinga.com/markets/cannabis/24/05/38741310/tilt-holdings-bold-financing-move-how-this-cannabis-companys-escalating-interest-rates-impact-it">TILT Holdings </a>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlltf#OTC">TLLTF</a>), trading at $0.035, has total assets of $231.188 million and reported revenue of $165.956 million over the last twelve months. However, with a net income loss of $62.384 million and an EBITDA of -$22.018 million, TILT&#39;s profitability is under pressure. Its gross profit margin stands at 9.54%.</li>
<li>Trees Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cann#OTC">CANN</a>), at $0.1 per share, lists total assets of $23.247 million. Despite a negative tangible book value per share and a net income loss of $7.082 million, Trees Corp. maintains a gross profit margin of 25.76%. Trees recently reported its Q1 2024 results, revealing total revenue of $3.686 million and an operating loss of $477,348​.</li>
<li><a href="https://www.benzinga.com/markets/cannabis/24/05/38701259/village-farms-reports-record-q1-canadian-cannabis-sales-following-49-yoy-increase-continues-to-s">Village Farms International</a> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vff#NASDAQ">VFF</a>), priced at $1.278, holds total assets of $458.439 million with a current ratio of 2.076. With revenue of $299.024 million, VFF shows resilience despite a net income loss of $28.014 million. Their gross profit margin of 19.87% and a market cap of $138.914 million indicate a potential for recovery.</li>
</ul>
<h3>Operational Efficiency</h3>
Medical Marijuana Inc. demonstrates <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38805354/analysts-may-need-to-revise-cannabis-stock-projections-for-2024-10-companies-surpas">operational efficiency </a>with a gross profit margin of 79.95%, indicating strong control over production costs despite its financial challenges. This margin suggests that MJNA could be managing effectively its cost of goods sold relative to its revenue.
On the other hand, Trees Corp. maintains a gross profit margin of 25.76%, reflecting its ability to generate revenue from its operations. Despite reporting a net income loss of $7.082 million and an operating loss in its recent Q1 2024 results, both companies&#39; operational metrics highlight their potential to sustain business activities and improve financial performance.
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Comparison To Larger Cannabis Companies</h3>
When compared to larger <a href="https://www.benzinga.com/markets/cannabis/24/05/38922599/69-of-voters-including-majority-of-republicans-support-marijuana-legalization-did-you-catch-that">cannabis</a> companies, the valuation difference is significant. <a href="https://www.benzinga.com/markets/cannabis/24/05/38748891/curaleaf-reports-q1-2024-revenue-of-339m-48-gross-margin-amid-strategic-global-expansion">Curaleaf Holdings</a> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>) is priced at $5.18, down 8.64%, and AdvisorShares Pure US Cannabis ETF (ARCA: MSOS) is at $9.08, down 5.47%. Canopy Growth (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) is at $10.48, down 3.46%, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38772876/cannabis-reports-highlight-339m-and-297-6m-revenue-insights-in-curaleaf-and-truliev">Trulieve Cannabis</a> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>) at $11.73, down 6.01%, and <a href="https://www.benzinga.com/markets/cannabis/24/05/38716589/green-thumb-industries-revenue-increases-11-in-q1-2024-were-off-to-a-great-start-says-pres">Green Thumb Industries</a> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) at $12.59, down 4.08%. Only Aurora Cannabis (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) is up, priced at $7.51, up 1.76%.
In contrast to these larger names, the smaller stocks in green today have shown modest gains: MJNA at 4.7619%, TLLTF at 1.4493%, CANN at 11.1111%, and VFF at 1.4286%.
Investors may consider these lesser-valued stocks for their potential to navigate a volatile market. Each company&#39;s financial metrics and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38803783/will-pharma-and-healthcare-have-competitive-edge-in-cannabis-post-rescheduling-data">operational efficiencies</a> could offer entry points for those looking to diversify within the <a href="https://www.benzinga.com/markets/cannabis/24/05/38881456/bidens-greenlight-what-to-know-about-fed-regulated-marijuana-markets-legal-circuits-and-complian">cannabis sector</a>.
Photo: AI-Generated Image.&nbsp;

Cannabis

Market Summary

General

CANN

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

MJNA

TCNNF

TLLTF

Cannabis Stocks Under $2: Why Are These Small-Cap Shares Up While Broader Sector Is In The Red?

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New to The Street TV Announces the Interviews of Four Corporate Guests, Episode 526, Airing on Bloomberg TV as Sponsoring Program, Tonight, Thursday, November 2, 2023, 9:30 PM PT

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New to The Street Announces Episode 530 with Six Corporate Interviews, Airing on the Fox Business Network, Monday, November 20, 2023, at 10:30 PM PT

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Clean Vision

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Latest News for Clean Vision Stock (OTC:CLNV)

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