SPDR MSCI Emerging Markets Fuel Reserves Free ETF (ARCA: EEMX)

Latest News for SPDR MSCI Emerging Markets Fuel Reserves Free ETF (ARCA:EEMX)

SPDR MSCI Emerging Markets Fuel Reserves Free ETF

Scotiabank analyst Konark Gupta maintains Canadian Pacific Kansas (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CP#TSX">CP</a>) with a Sector Perform and lowers the price target from C$126 to C$124.

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TSX:CP

Scotiabank Maintains Sector Perform on Canadian Pacific Kansas, Lowers Price Target to C$124

Stephens &amp; Co. analyst Justin Long maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Overweight and raises the price target from $165 to $180.

Stephens & Co. Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $180

Raymond James analyst Matt Roberts reiterates Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Outperform and raises the price target from $225 to $240.

Reiteration

Raymond James Reiterates Outperform on Avery Dennison, Raises Price Target to $240

Chinese electric vehicle (EV) manufacturer&nbsp;XPeng&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is reportedly considering overseas production amid an ongoing European investigation into&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38288608/why-xpeng-shares-are-rising-today" rel="noreferrer noopener">Chinese-made EVs and regulatory adjustments.</a>
The European Commission initiated an investigation&nbsp;in October,&nbsp;questioning whether Chinese-made EVs, bolstered by state subsidies, gain an unfair advantage.
China has criticized the probe as protectionist. Brian Gu, co-president of&nbsp;Volkswagen&nbsp;AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>)-backed XPeng, mentioned during the Beijing auto show that the company currently exports limited&nbsp;quantities of&nbsp;EVs, reported Reuters.
However, evolving regulatory landscapes in the European Union might necessitate a strategic review.
While XPeng&nbsp;eyes&nbsp;a significant uptick in international sales, currently comprising 1%-2% of total sales, this figure could soar to approximately 10% this year, as per the report.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38424183/tesla-is-betting-big-on-robotaxi-but-this-rival-thinks-elon-musks-vision-could-be-more-than-5-years" rel="noreferrer noopener">Tesla Is Betting Big On Robotaxi, But This Rival Thinks Elon Musk&#8217;s Vision Could Be &#8216;More Than 5 Years Away&#8217;</a>
Notably,&nbsp;the company aims to penetrate the U.S. market, albeit challenges hinder definitive entry plans.
Amid scrutiny of Chinese EV exports by Europe and the U.S., XPeng emphasized the importance of supporting the global transition to green technology.
Despite hurdles, the company eyes expansion into European markets such as France, Italy, and the U.K., bolstering its existing presence in the Netherlands, Norway, and Germany.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38386240/automotive-industry-shifts-gears-electric-cars-to-dominate-roads-by-2030" rel="noreferrer noopener">Automotive Industry Shifts Gears: Electric Cars To Dominate Roads By 2030</a>
Price Action: XPEV shares are trading lower by 0.85% at $7.02 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by Robert Way via Shutterstock

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VWAGY

XPEV

XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad

WIIM

AMSF

AMERISAFE shares are trading lower after the company reported Q1 financial results.

Scotiabank analyst George Farmer maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Sector Perform and raises the price target from $83 to $85.

BMRN

Scotiabank Maintains Sector Perform on Biomarin Pharmaceutical, Raises Price Target to $85

WNS shares are trading lower after the company issued FY25 guidance with a midpoint below estimates.

In a tumultuous day for tech stocks, the collective market value of the Magnificent 7 tech giants plummeted by over $300 billion in the first trading hour on Thursday, primarily fueled by a weaker-than-expected revenue outlook from Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and concerning economic indicators arising from the first-quarter<a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38429782/us-economy-grows-1-6-in-q1-slightly-below-expectations-as-price-pressures-weigh-o"> gross domestic product release.</a>
What Happened: Meta Platforms outperformed Wall Street's expectations with first-quarter revenue of $36.45 billion, a 27% increase year-over-year, and earnings per share of $4.71, beating the predicted $4.32. Investors pulled back after the social media giant issued subdued guidance <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">for the upcoming quarter.</a> 
The company&#8217;s forecast for the second quarter anticipates revenue between $36.5 billion and $39 billion, putting the lower end of the range below the consensus estimate of $38.3 billion. 
Additionally, the social media giant anticipates increases in infrastructure and legal costs — pushing full-year expenses to between $96 billion and $99 billion. 
Compounding the tech sector&#8217;s woes were the latest GDP figures released Thursday by the Bureau of Labor Statistics. 
The U.S. economy expanded at a significantly reduced pace of 1.6% on an annualized basis in the first quarter of 2024, a sharp deceleration from the previous quarter&#8217;s 3.4% growth rate and well below the forecasted 2.5%.
Inflation concerns were reignited with the Personal Consumption Expenditure (PCE) price indices for the first quarter showing an increase. 
The headline PCE price index accelerated from 1.8% in the previous quarter to 3.4% , while the core PCE price index, which excludes food and energy prices and is a key inflation measure for the Federal Reserve, climbed from 2% to 3.7%, surpassing expectations of 3.4%.
Read also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: &#8216;The Worst Possible Outcome For The Fed&#8217;</a>
<h3 class="wp-block-heading">Mag7 Stocks, Bond Market React</h3>
The Magnificent Seven had cumulatively wiped out $303 billion of market value by 11 a.m. in New York. 
Meta suffered the heaviest losses, down 13%, shedding $143 billion alone. Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) also sharply contributed to the tech market rout, wiping out $126 billion, down 4.3% ahead of the company&#8217;s earnings report after the market close. 
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) both witnessed similar declines, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) managed to avoid losses. 
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) saw some gains, outperforming the basket.
The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) fell 3%. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Market Cap</th>
<th>Market Cap Loss/Gain (1-day)</th>
<th>1-Day % Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Microsoft Corporation</td>
<td>$2,905.08B</td>
<td>-$128.47B</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>$2,602.88B</td>
<td>-$7.08B</td>
<td>-0.27%</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>$2,018.70B</td>
<td>+$59.39B</td>
<td>+2.94%</td>
</tr>
<tr>
<td>Alphabet Inc.</td>
<td>$1,933.75B</td>
<td>-$54.09B</td>
<td>-2.76%</td>
</tr>
<tr>
<td>Amazon.com, Inc.</td>
<td>$1,783.97B</td>
<td>-$51.15B</td>
<td>-2.81%</td>
</tr>
<tr>
<td>Meta Platforms, Inc.</td>
<td>$1,101.35B</td>
<td>-$132.35B</td>
<td>-13.17%</td>
</tr>
<tr>
<td>Tesla, Inc.</td>
<td>$528.24B</td>
<td>+$11.44B</td>
<td>+1.60%</td>
</tr>
<tr>
<td>Total</td>
<td>$12,873.97B</td>
<td>-$302.91B</td>
<td>N/A</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 11:00 a.m. ET. </figcaption></figure>
Treasury yields, particularly the two-year note, surged past 5%, reflecting heightened investor anxiety over inflation and its potential implications for future Federal Reserve actions. 
This resulted in a broad sell-off in bonds, with significant losses noted in long-term treasury ETFs such as the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), which declined 0.8%.
The broader stock market also felt the pinch, with major indices recording significant losses. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the tech-heavy Nasdaq 100 index, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), fell by 1.4% and 1.7%, respectively. 
Notably, the communication services sector was among the hardest hit, with the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) plunging 4.4%, marking its worst session since October 2022.
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38415577/tesla-posts-strongest-session-since-january-2022-is-a-trend-reversal-underway">Tesla Posts Strongest Session Since January 2022: Is A Trend Reversal Underway?</a>
Photo via Shutterstock.

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iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

Magnificent 7 Tumble, Wipe Out $300 Billion On Meta's Weak Guidance, Q1 Stagflation Woes

Scotiabank analyst Andres Coello maintains America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) with a Sector Perform and raises the price target from $16.6 to $17.2.

Scotiabank Maintains Sector Perform on America Movil, Raises Price Target to $17.2

With the average one-bedroom, 600-square-foot New York City apartment renting for about $3,760 per month, rent prices have stretched affordability for the city's residents.
It's no wonder politicians have sought to make housing more affordable in the city, but a policy aimed at doing so has been blamed, in part, for the struggles of New York Community Bancorp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>), which has seen its stock drop over 72% year to date.
NYCB has been hit with a double whammy. In 2019, a change in New York's law limited rent increases, which subsequently lowered profits for building owners. Combined with high interest rates, building debt and maintenance costs have soared without revenue growing at the same rate.
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"This is going to end poorly for the city because we&#8217;re all on borrowed time and someone has to pay," StoneCastle Partners CEO Joshua Siegel said.
Despite a $1 billion cash infusion in March by a group of investors, including former U.S. Treasury Secretary Steven Mnuchin's firm, NYCB's share price is plummeting.
In an interview with CNBC, Mnuchin shared his belief that "a billion dollars into the balance sheet really strengthens the franchise" and that "whatever issues there are in the loans we'll be able to work through."
However, not everyone believes the billion-dollar capital infusion in the business will be enough.
Whalen Global Advisors Chairman Chris Whalen said $1 billion is far from enough.&nbsp;
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"We need 10," he said, adding that $1 billion is "chump change" in this situation.
Last March, NYCB bought the assets of Signature Bank, which was caught up in the 2023 regional banking crisis that took down Silicon Valley Bank.
Silicon Valley Bank was the second-largest bank collapse in U.S. history behind Washington Mutual's 2008 collapse.
In the span of a few days, its concentrated deposit base of tech startups with limited deposits insured by the Federal Deposit Insurance Corp. led to a fear-driven bank run, ultimately forcing the banks to shut down.
NYCB also has some concentration risk. According to The Real Deal, a real estate news provider, approximately 22% of NYCB's loan book is tied up in rent-controlled New York City buildings.
Yahoo Finance senior reporter David Hollerith writes that the scope of the problem is much worse. He said roughly half of NYCB's portfolio is tied to rent-controlled multifamily complexes in New York City.
Read Next:
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<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>

Real Estate

NYCB

NYC's Rent-Controlled Apartments Partly Behind NYCB Issues, Analysts Question If $1 Billion Lifeline Enough To Avoid SVB-Like Collapse

With the median single-family home in California selling for nearly $860,000 in 2023 — more than double the national median — prospective first-time homebuyers are having a tough time breaking into the state's expensive real estate market.
Mortgage rates topping 7%, combined with persistent inflation pushing off expected Federal Reserve rate cuts, make affordability even more challenging.&nbsp;
California allocated $250 million to relaunch its Dream for All program, which seeks to make housing more equitable for first-time homebuyers.
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Dream for All is run by the California Housing Finance Agency, with the agency using a lottery system to give between 1,700 and 2,000 prospective first-time buyers up to $150,000 to purchase homes.
The catch is that the money is a loan that must be paid back along with a share of the home's price appreciation when it's sold if there is any.
"When they repay this, this is going back into the program, and it&#8217;s going to allow someone else to take advantage," California real estate agent Sarah Moore said.
In addition to homebuyers being potential beneficiaries of the program, it could also provide a runway for homebuilders who need to keep adding supply to fill the nation's demand for affordable housing units.
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Homebuilders such as Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) have seen their shares soar around 52% and 54%, respectively, over the past year as the nation deals with a housing shortage.
While the Dream for All program provides loans, it comes at a time when California continues to run a massive budget deficit.
The nonpartisan Legislative Analyst's Office in February updated its estimate of California's deficit to as high as $73 billion.
Whether the government's intervention in an unaffordable housing market for most prospective first-time homebuyers in California proves effective in the long term remains to be seen, but for the winners of the lottery, it might end up being their only choice to afford to own property in the high-cost state.
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California's $250 Million 'Dream For All' Program Shells Out $150K In First-Time Homebuyer Funds Despite State's $73 Billion Deficit

Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) through its Canadian trust company, Computershare Trust Company of Canada.
BNY Trust Company of Canada was established in 2001 and offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks and government entities.
"We're delighted to be bringing the experienced team at BNY Trust Company of Canada on board," said Frank Madonna, CEO of Computershare Corporate Trust.
"The acquisition is squarely in line with our core strategy of building the scale and capability of our corporate trust operation and demonstrates our commitment to the provision of corporate trust services in North America."
"Computershare is the right choice for BNY Trust Company of Canada, and we are confident in their ability to ensure our clients continue to receive best-in-class service. In turn, we remain fully focused and committed to our global Corporate Trust franchise outside Canada," said Cécile Nagel, Global Head of Corporate Trust, BNY Mellon.
"We've invested heavily in our corporate trust business in recent years, including the acquisition and integration of the business from Wells Fargo, and we're well placed to provide continuity of services through our highly experienced teams and market-leading operations," said Toni De Luca, Head of Corporate Trust – Canada at Computershare.
BNY Trust Company of Canada is based in Toronto and has a portfolio of around 1,800 corporate trust mandates.
Computershare said it expected all relevant staff members to transfer as part of the deal, with new employees being able to operate from its own Toronto office.
The deal is scheduled to complete in the second half of calendar year 2024, subject to regulatory notifications and approvals and other customary closing conditions.
Computershare and BNY Mellon will work collaboratively to ensure the smooth transition of the business and staff.

Asset Sales

Computershare Limited Has Announced That It Has Agreed To Acquire BNY Trust Company Of Canada From BNY Mellon

RPC shares are trading lower after the company missed Q1 earnings and sales estimates.

Royal Caribbean Cruises Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) reported first-quarter 2024 revenue growth of $3.73 billion, a 29.2% year-over-year increase, <a href="https://www.benzinga.com/pressreleases/24/04/n38425099/royal-caribbean-group-reports-first-quarter-results-and-increases-full-year-guidance-on-continued-">beating the analyst consensus estimate of $3.7 billion</a>.
Passenger ticket revenues rose 34% Y/Y to $2.54 billion versus last year.
Total cruise operating expenses were $2.06 billion versus $1.79 billion a year ago.&nbsp;
Gross Cruise Costs per Available Passenger Cruise Days (APCD) increased 5.1%.
Gross margin yields increased 60.3% as-reported, and net yields increased 19.3% in constant currency versus first-quarter 2024.
Operating income for the quarter jumped 175% to $750 million, with an operating margin of 20.1%.
The occupancy rate in first-quarter was 107% versus 102.1% last year.
Royal Caribbean held $437 million in cash and equivalents as of March 31, 2024.
Adjusted EPS of $1.35 <a href="https://www.benzinga.com/calendars/earnings">beat the consensus</a> estimate of $1.33.
As of March 31, the group&#8217;s customer deposit balance was $6 billion.  
Royal Caribbean CEO Jason Liberty called it &#8220;a great start to the year,&#8221; citing growing demand for the company&#8217;s &#8220;outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year.&#8221;
Outlook: Royal Caribbean expects FY24 net yields to increase 9% to 10% in constant currency vs. 2023.
RCL raised its FY24<a href="https://www.benzinga.com/pressreleases/23/02/n30760190/royal-caribbean-group-reports-2022-results-and-provides-forward-guidance"> </a>adjusted EPS guidance <a href="https://www.benzinga.com/news/earnings/24/02/36891243/whats-going-on-with-royal-caribbean-cruises-stock-thursday">from $9.50 &#8211; $9.70 </a>to $10.70 &#8211; $10.90 against the consensus of $10.06.
The company sees second-quarter net yields to increase 10.20% to 10.70% in constant currency. RCL sees adjusted EPS of $2.65 &#8211; $2.75.
Price Action: RCL shares are trading higher by 1.56% at $138.70 at the last check Thursday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation &#8211; &#8216;The Worst Possible Outcome For The Fed&#8217;</a>

Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High

$1.4 billion investment in Indiana plant brings production of an all-new&nbsp;BEV
Toyota adds up to 340 new, sustainable&nbsp;U.S. jobs
PRINCETON, Ind., April 25, 2024 /PRNewswire/ --&nbsp;Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota's commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs with long-term stability.
&nbsp;
Toyota Charges Up Investment and Jobs in U.S. Manufacturing
&nbsp;
This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.
&nbsp;
"Our team members are the heart of Toyota," said Tim Hollander, president of Toyota Indiana. "We take great pride in producing quality products while providing long-term, stable employment no matter the changes in our industry. Our team is committed to delivering this new product with the same quality and performance that Toyota customers expect."
Toyota's Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and the Lexus TX.
"I feel fortunate for the years I've been with Toyota and am proud of the products we assemble," said Michael Baehl, a 26-year Toyota Indiana team member. "The company's commitment to long-term job stability and high-quality work provides me with peace of mind. Additionally, the opportunities to enhance my skills and progress in my career have allowed me to achieve goals I never imagined."
Since 2021, Toyota has announced new investments totaling $18.6 billion into its U.S. manufacturing operations to support electrification efforts. Increasing BEV production in the U.S. advances Toyota's portfolio approach to electrification.
"Indiana and Toyota share a nearly 30-year partnership that has cultivated job stability and economic opportunity in Princeton and the surrounding southwest Indiana region for decades," said Governor Eric J. Holcomb. "Toyota's investment in the state began with an $800 million commitment and has grown to over $8 billion. Today's incredible announcement shows yet again just how important our state's business friendly environment, focus on long-term success and access to a skilled workforce is to companies seeking to expand and be profitable far into the future. Indiana proudly looks forward to continuing to being at the center of the future of mobility."&nbsp;
This announcement comes on the heels of a $1.3 billion investment in Toyota Kentucky for the production of a separate all-new, three row battery electric SUV.

Toyota Charges Up Investment And Jobs In U.S. Manufacturing, Investing $1.4B To Make New Electric SUV At Princeton Plant; Also Brings The Addition Of Up To 340 New, High-Quality Jobs With Long-Term Stability

UBS analyst Michael Lasser maintains WW International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) with a Neutral and lowers the price target from $3 to $2.1.

UBS Maintains Neutral on WW International, Lowers Price Target to $2.1

OPRA

Opera shares are trading lower following mixed Q1 results.

MicroCloud Hologram's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NYSE">HOLO</a>) short percent of float has risen 54.3% since its last report. The company recently reported that it has 753 thousand shares sold short, which is 19.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 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>MicroCloud Hologram Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714059025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MicroCloud Hologram 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 MicroCloud Hologram'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>, MicroCloud Hologram's peer group average for short interest as a percentage of float is 2.82%, 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.

Short Sellers

Short Ideas

Trading Ideas

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

Peering Into MicroCloud Hologram's Recent Short Interest

O-I Glass's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) short percent of float has fallen 17.1% since its last report. The company recently reported that it has 4.36 million shares sold short, which is 4.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 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>O-I Glass Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714059020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for O-I Glass 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 O-I Glass'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>, O-I Glass's peer group average for short interest as a percentage of float is 2.39%, 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.

Peering Into O-I Glass's Recent Short Interest

Matterport's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NYSE">MTTR</a>) short percent of float has risen 24.31% since its last report. The company recently reported that it has 8.91 million shares sold short, which is 3.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 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>Matterport Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714059014_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Matterport 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 Matterport'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>, Matterport's peer group average for short interest as a percentage of float is 11.23%, 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.