Short interest for NewAmsterdam Pharma gives investors a sense of the degree to which investors are betting on the decline of NewAmsterdam Pharma's stock. Short interest data is updated every two weeks.

NewAmsterdam Pharma Stock (NASDAQ:NAMS), Short Interest Report

NewAmsterdam Pharma Co NV is a late-stage biopharmaceutical company with a mission to improve patient care in populations with metabolic diseases where currently approved therapies have not been adequate or well tolerated. Its product, obicetrapib, is a next-generation, oral, low-dose CETP inhibitor that is developed to potentially overcome the limitations of current LDL-C lowering treatments.

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Shares of TransCode Therapeutics, Inc. (NASDAQ: RNAZ) fell sharply during Friday’s session.

TransCode Therapeutics priced a 5,942,623 share common stock offering at $1.22 per share.

TransCode Therapeutics shares dipped 24.3% to $0.8248 on Friday.

Why TransCode Therapeutics Shares Are Trading Lower By Over 24%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Friday.

Shares of  World Acceptance Corporation (NASDAQ: WRLD) rose sharply during Friday’s session following upbeat quarterly results.

World Acceptance Posts Upbeat Earnings, Joins Kaman, Spirit Airlines And Other Big Stocks Moving Higher On Friday

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Piper Sandler&#39;s coverage on NewAmsterdam Pharma and its clinical-stage therapy, Obicetrapib, a potent CETP inhibitor targeting cardiovascular health. With a unique mechanism, superior efficacy, and market potential, Piper gives an Overweight rating and a $37 price target.

Cholesterol Player NewAmsterdam Pharma&#39;s Obicetrapib Is A Potential Blockbuster In Cardiovascular Market: Bullish Analyst Says

NewAmsterdam Pharma Company N.V. - Ordinary Shares

NewAmsterdam Pharma Co NV

NewAmsterdam Pharma Company N.V. - Warrant

NamSys Inc

Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are trading higher Tuesday amid a rally in meme stocks after retail investor Roaring Kitty made a <a href="https://www.benzinga.com/news/24/05/38819873/sony-group-posts-upbeat-earnings-joins-gamestop-paysafe-and-other-big-stocks-moving-higher-on-tuesda">return to social media.&nbsp;</a>
The Details:
The return of Roaring Kitty to <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">social media</a> has triggered a meme stock resurgence which began with shares of GameStop and AMC Entertainment and has extended to other stocks with high short-interest, including Beyond Meat.&nbsp;
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, 36.87% of Beyond Meat's float is being sold short.&nbsp;
In June of 2021, Beyond Meat had a market capitalization of just under $10 billion which has dropped to approximately $516 million at present. The stock has fallen nearly 90% since 2021.&nbsp;
Beyond Meat shares are moving on heavy trading volume amid the rally with more than 11.45 million shares already traded in Tuesday's session, compared to the stock&#8217;s 100-day average of 3.655 million shares.
Related News: <a href="https://www.benzinga.com/news/24/05/38797005/whats-going-on-with-rivians-stock">What&#8217;s Going On With Rivian&#8217;s Stock?</a>
<h2 class="wp-block-heading">Should I Sell My BYND Stock? </h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Beyond Meat have lost 1.7% year to date. This compares to the average annual return of -57.67%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Beyond Meat stock currently has an RSI of 62.13, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
BYND Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Beyond Meat shares are up 6.85% at $8.50 at the time of publication Tuesday.
Image: Courtesy of Beyond Meat, Inc.

BYND

Why Beyond Meat's Stock Is Roaring Higher

MAG Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.13 by 7.69 percent. This is a 180 percent increase over earnings of $0.05 per share from the same period last year. The company reported $827.00 thousand in sales this quarter. This is a 46.63 percent increase over sales of $564.00 thousand the same period last year.

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MAG Silver Q1 EPS $0.14 Beats $0.13 Estimate, Sales $827.00K Up From $564.00K YoY

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Arcadia Biosciences shares are trading higher after the company announced the sale of its non-GMO Resistant Starch Durum Wheat trait.

Jefferies&nbsp;analyst Kaumil&nbsp;Gajrawala upgraded&nbsp;Boston Beer Company, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) to Buy from Hold,&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SAM/analyst-ratings" rel="noreferrer noopener">raising the price forecast to $360 from $335.</a>
Boston Beer has gone through several boom-bust cycles, but over time, value was created with higher highs and higher lows, the analyst writes.
The&nbsp;company&#8217;s beer and cider brands continue to decline, in line with the category. Collectively these brands are ~28%, Gajrawala notes.&nbsp;
However, reduced SKU complexity and refocused marketing could stabilize the business as category trends moderate. Given their relative size to Twisted/Truly, their headwinds should have minimal effect on total company trends&nbsp;going forward.
In addition, easing supply chain costs, higher in-house production, and efficiency measures support gross margin returning to normalized levels (high 40s %) over the medium term.&nbsp;
A clean balance sheet (no debt) and record cash levels increase the potential for capital returns if new initiatives do not gain traction, according to the analyst.
Per Gajrawala,&nbsp;with Truly trends stabilizing and Twisted continuing its recent growth trends, the company should return to volume growth for the first time since 2021.
Overall, the analyst raised the company&#8217;s full-year 2024 sales/EBITDA outlook by +1% and +3%,&nbsp;respectively.
The analyst applauds the company&#8217;s margin outlook and multiple expansions on&nbsp;return to volume&nbsp;growth and decreased volatility.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SAM stock has lost 9% in the past year.&nbsp;
Gajrawala&nbsp;reiterated the Buy rating on&nbsp;Constellation Brands, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), l<a target="_blank" href="https://www.benzinga.com/quote/STZ/analyst-ratings" rel="noreferrer noopener">owering&nbsp;the price target to $311 from $314.</a>
The analyst lowered the first quarter and FY25 sales outlook by -1% and &lt;-1% and EBITDA by -3% and -1%, respectively, given recent weakness.&nbsp;However, distributors remain bullish on Constellation. The analyst&#8217;s survey supports ~7%-9% org sales growth in their beer business.
Gajrawala reiterated&nbsp;Hold&nbsp;rating&nbsp;on&nbsp;Molson Coors Beverage Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>),&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/TAP/analyst-ratings" rel="noreferrer noopener">with&nbsp;forecast&nbsp;of&nbsp;$62.00.</a>
The analyst lowered CY24 sales &lt;-1% and EBITDA by -1%, given confirmed lower space gains, ABI momentum, and margin deleverage.
Price Action: TAP shares are trading lower by 1.45% to $57.89 at last check Tuesday, while STZ shares are trading lower by 2.2% to $253.07 and SAM shares are trading higher by 0.29% to $284.64.
Photo via Shutterstock

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Boston Beer Company Gets A Spicy Buy Upgrade From Analyst Amid Other Beer Brands - Read Why

Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Maxeon Solar Technologies shares are trading higher. The stock may be gaining amid strength in high-short interest stocks.

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National Transportation Safety Board Releases Preliminary Report On Baltimore Bridge Collapse

Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares are trading higher Tuesday amid a rally in &#8216;meme stocks&#8217; and high-short interest stocks after Roaring Kitty <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">returned to social media.</a>
The Details:
BofA Securities<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings"> reiterated</a> its rating of Underperform and price target of $3 on Hertz Global Tuesday amidst rising costs and liquidity concerns.&nbsp; BofA noted the company's inability to effectively match supply with demand via its fleeting and de-fleeting of vehicles and weaker used vehicle pricing which could keep Hertz's fleet costs elevated.&nbsp;
The firm also sees softer macro-economic conditions potentially leading to weakness in rental days and transactions for the company.&nbsp;&nbsp;
Hertz shares are moving higher on heavy volume Tuesday as the return of Roaring Kitty has led to a rally in high-short interest stocks and meme stocks. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, 19.42% of Hertz shares are being sold short and more than 11.9 million shares have already been traded in the session. &nbsp;
Related News: <a href="https://www.benzinga.com/news/24/05/38797005/whats-going-on-with-rivians-stock">What&#8217;s Going On With Rivian&#8217;s Stock?</a>
<h2 class="wp-block-heading">HTZ Stock Prediction 2024: </h2>
Hertz Global Holdings&#8217; revenue growth in fiscal year 2023 was 7.9%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.5%, growing 2.2% from last year. The unemployment rate was most recently reported as 3.9%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Hertz Global Holdings stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Hertz Global Holdings's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Hertz Global Holdings operates in the Industrials sector. The stock has experienced average annual growth of -38.59% compared to the -27.4% average of its peer companies. This is below the broader sector movement of Hertz Global Holdings.
HTZ Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Hertz Global shares are up 9.05% at $5.96 at the time of publication Tuesday.
Image: Shutterstock

What's Going On With Hertz Stock Today?

Barstool Sports founder and stock trader Dave Portnoy is back on meme stocks again with an investment in GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) as shares rally and <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence">see increased interest.</a>
What Happened: Similar to a rally in the price of GameStop and AMC as <a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next">high short interest stocks in 2021, </a>the stocks have returned with a vengeance in May 2024 and Portnoy is ready.
Portnoy shared in a series of videos his return to meme stocks and his commentary on the return of Roaring Kitty, aka Keith Gill, to social media.
"I can't miss it," Portnoy <a href="https://www.instagram.com/stories/stoolpresidente/3367818057442540013/">said </a>of the return of meme stocks. "I got to be involved."
Portnoy <a href="https://twitter.com/stoolpresidente/status/1790374692567625963">shared </a>that he bought $250,000 each in GameStop and AMC on Monday.
"I wish I bought more."
Portnoy shared that in pre-market trading Tuesday he was up close to $700,000 with AMC and GameStop each up over 100% from their Monday closing price.
"This thing is going to the moon."
In a video, Portnoy <a href="https://twitter.com/stoolpresidente/status/1790116428089115091">said </a>his buy-in price was $5.20 per share for AMC and $30.40 for GameStop.
"Let's squeeze this s&#x2A;&#x2A;&#x2A; to the moon."
Related Link: <a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
Why It's Important: Portnoy was one of the key figures in the rally of meme stocks in 2021 as his "Davey Day Trading" stock trading program highlighted stocks with high short interest and that were mooning.
On Tuesday, Portnoy cautioned that he had out points and told viewers not to diamond hand the stocks and hold forever, a valuable lesson he may have learned from the previous meme stock rally.
"At some point you need to realize some gains," Portnoy said.
Portnoy said he was hoping to make a million dollars on his trade and would consider selling the stock and buying back in several times.
In 2021, Portnoy lost money on his meme stock trades and placed a portion of the blame on Robinhood CEO Vlad Tenev for the stock brokerage halting shares and not allowing people to sell during certain times.
"I have officially sold all my meme stocks. I lost 700k ish. Vlad and company stole it from me and should be in jail," Portnoy <a href="https://twitter.com/stoolpresidente/status/1356618475234557956">tweeted </a>on Feb. 2, 2021.
Portnoy criticized the trading halts of GameStop and AMC that occurred on Tuesday during his <a href="https://rumble.com/v4v2ewe-davey-day-trader-may-14-2024.html">livestream</a>.
The Barstool Sports founder <a href="https://www.benzinga.com/government/21/01/19383244/dave-portnoy-joins-benzingas-power-hour-to-talk-gamestop-robinhood-and-more">joined Benzinga's "Power Hour"</a> back in 2021 to discuss investors not being able to buy and sell stocks after the huge increase in the value of GameStop stock.
"People need to go to jail," Portnoy <a href="https://www.youtube.com/watch?v=oKd_pGq7FwE">said </a>at the time. "Robinhood needs to know this is the end of their company."
GME, AMC Price Action: GameStop shares are up 52% to $46.15 on Tuesday, setting new 52-week highs of $64.82 earlier in the trading session.
AMC shares are up 47% to $7.62 on Tuesday and hit a high of $11.88 during the day's trading session.
Read Next: <a href="https://www.benzinga.com/general/sports-betting/24/02/37239149/exclusive-draftkings-partnership-with-barstool-sports-getting-the-band-together-ceo-says-h">EXCLUSIVE: DraftKings Partnership With Barstool Sports &#8216;Getting The Band Together,&#8217; CEO Says — How New Deal, Jackpocket Acquisition Can Power Growth</a>
Photo by <a href="https://www.flickr.com/people/58980992@N03" target="_blank" rel="noreferrer noopener">Zach Catanzareti Photo</a> via Wikimedia.

Dave Portnoy Buys $250K GameStop Stock, $250K AMC Stock: 'I Wish I Bought More'

Have you evaluated the performance of Gen Digital&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gen#NASDAQ">GEN</a>) international operations during the quarter that concluded in March 2024? Considering the extensive worldwide presence of this security software maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.
The global economy today is deeply interlinked, making a company&#39;s engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm&#39;s potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
While delving into GEN&#39;s performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.
The company&#39;s total revenue for the quarter amounted to $967 million, showing rise of 2.1%. We will now explore the breakdown of GEN&#39;s overseas revenue to assess the impact of its international operations.
Unveiling Trends in GEN&#39;s International Revenues
EMEA accounted for 24.2% of the company&#39;s total revenue during the quarter, translating to $234 million. Revenues from this region represented a surprise of +0.27%, with Wall Street analysts collectively expecting $233.36 million. When compared to the preceding quarter and the same quarter in the previous year, EMEA contributed $230 million (24.1%) and $225 million (23.8%) to the total revenue, respectively.
Of the total revenue, $97 million came from APJ during the last fiscal quarter, accounting for 10.0%. This represented a surprise of -3.01% as analysts had expected the region to contribute $100.01 million to the total revenue. In comparison, the region contributed $100 million, or 10.5%, and $99 million, or 10.5%, to total revenue in the previous and year-ago quarters, respectively.
Prospective Revenues in International Markets
It is projected by analysts on Wall Street that Gen Digital will post revenues of $968.37 million for the ongoing fiscal quarter, an increase of 2.4% from the year-ago quarter. The expected contributions from EMEA and APJ to this revenue are 24.6% and 10.4%, translating into $238.25 million and $100.62 million, respectively.
For the full year, a total revenue of $3.91 billion is expected for the company, reflecting an increase of 2.2% from the year before. The revenues from EMEA and APJ are expected to make up 25.1% and 10.7% of this total, corresponding to $980.33 million and $417.38 million respectively.
Wrapping Up
Relying on global markets for revenues presents both prospects and challenges for Gen Digital. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company&#39;s future outlook.
In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It&#39;s important to note, however, that a range of additional variables, like a company&#39;s local market status, also play a crucial role in shaping these forecasts.
Emphasizing a company&#39;s shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock&#39;s price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock&#39;s price.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Gen Digital currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Exploring Recent Trends in Gen Digital&#39;s Stock Price
The stock has increased by 16.5% over the past month compared to the 2% rise of the Zacks S&amp;P 500 composite. Meanwhile, the Zacks Business Services sector, which includes Gen Digital, has increased 0.6% during this time frame. Over the past three months, the company&#39;s shares have experienced a gain of 12.4% relative to the S&amp;P 500&#39;s 5.8% increase. Throughout this period, the sector overall has witnessed a 1.4% increase.
<a href="https://www.zacks.com/stock/news/2273557/investing-in-gen-digital-gen-don-t-miss-assessing-its-international-revenue-trends?cid=CS-BENZ-FT-fundamental_analysis|nfm_international_revenues-2273557">To read this article on Zacks.com click here.</a>

Tech

Investing in Gen Digital? Don't Miss Assessing Its International Revenue Trends

West Pharmaceutical Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) short percent of float has fallen 13.37% since its last report. The company recently reported that it has 975 thousand shares sold short, which is 1.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 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>West Pharmaceutical Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715715024_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for West Pharmaceutical Servs 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 West Pharmaceutical Servs'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>, West Pharmaceutical Servs's peer group average for short interest as a percentage of float is 5.25%, 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

Short Ideas

How Is The Market Feeling About West Pharmaceutical Servs?

Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) has outperformed the market over the past 10 years by 5.04% on an annualized basis producing an average annual return of 15.84%. Currently, Centene has a market capitalization of $41.39 billion. 
Buying $1000 In CNC: If an investor had bought $1000 of CNC stock 10 years ago, it would be worth $4,347.07 today based on a price of $77.55 for CNC at the time of writing.
<h3>Centene's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715715021_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.

Here's How Much You Would Have Made Owning Centene Stock In The Last 10 Years

VF's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) short percent of float has risen 9.34% since its last report. The company recently reported that it has 37.21 million shares sold short, which is 10.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.48 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>VF Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715715018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for VF 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 VF'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>, VF's peer group average for short interest as a percentage of float is 8.47%, 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.

Looking Into VF's Recent Short Interest

Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) has outperformed the market over the past 15 years by 16.93% on an annualized basis producing an average annual return of 29.33%. Currently, Saia has a market capitalization of $10.78 billion. 
Buying $100 In SAIA: If an investor had bought $100 of SAIA stock 15 years ago, it would be worth $4,656.19 today based on a price of $406.33 for SAIA at the time of writing.
<h3>Saia's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715715015_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.

SAIA

$100 Invested In This Stock 15 Years Ago Would Be Worth $4,700 Today

Blink Charging's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NYSE">BLNK</a>) short percent of float has fallen 3.96% since its last report. The company recently reported that it has 21.33 million shares sold short, which is 23.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.67 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>Blink Charging Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715715012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Blink Charging 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 Blink Charging'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>, Blink Charging's peer group average for short interest as a percentage of float is 9.89%, 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.

BLNK

(BLNK) - Analyzing Blink Charging's Short Interest

This week&#8217;s inflation data releases could trigger <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38824874/did-producer-price-inflation-data-cause-bitcoin-to-slide-2">a volatile few days</a> for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), according to a new report by 10x Research, a firm specializing in institutional crypto research.
What Happened: &#8220;Traders expect a +/-6% move for Bitcoin by the end of this week,&#8221; <a href="https://mail.10xresearch.co/p/weeks-inflation-data-means-bitcoins?utm_source=mail.10xresearch.co&amp;utm_medium=newsletter&amp;utm_campaign=what-this-week-s-inflation-data-means-for-your-bitcoins">says</a> the report&#8217;s author, Markus Thielen.
However, Thielen suggests a significant price swing may not be inevitable. 
&#8220;Implied volatility is not expensive,&#8221; he notes, meaning investors aren&#8217;t pricing in a dramatic move based on inflation figures.
Technically, Bitcoin is currently hovering around the $60,800 to $61,400 support level. &#8220;A break below this level could trigger lower prices,&#8221; warns Thielen. 
He adds that the average entry price for Bitcoin ETFs sits at around $57,000, so a drop below $60,000 &#8220;could cause anxiety for those investors.&#8221;
The report highlights a potential correlation between Bitcoin price movements and recent inflation data. &#8220;Bitcoin sold off after each of the last two CPI/PPI data points,&#8221; Thielen observes. 
These sell-offs were around 12-14% each, but ultimately halted by dovish comments from Federal Reserve Chair Jerome Powell.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38821194/wisconsin-invests-nearly-100m-in-blackrocks-spot-bitcoin-etf"> Wisconsin Invests Nearly $100M In BlackRock&#8217;s Spot Bitcoin ETF</a>
Why It Matters: While 10x Research&#8217;s inflation model predicts a slightly lower CPI number for Wednesday, it also suggests inflation will remain elevated in the near future.
&#8220;Wall Street estimates are at +0.3% MoM and +3.6% YoY (vs. 3.5% previously),&#8221; the report states.
&#8220;Our model leads by two months, and it appears that the model got the turning points right in the past year,&#8221; Thielen continues. 
&#8220;However, the data point we are receiving on Wednesday is only a tiny bit lower than the previous month, which is why there are shallow expectations that Bitcoin would make a significant move up or down based on this number.&#8221;
The report downplays the possibility of a major rally even if inflation comes in lower than expected. 
&#8220;We doubt that lower-than-expected inflation would set off a big rally,&#8221; they write. Their model suggests CPI will stay high for a few more months before dipping towards 3%.
&#8220;This would imply that Bitcoin could make a sizeable up-move on the back of lower-than-expected inflation by August, with the Fed then shifting back to verbally confirming rate cuts,&#8221; the report predicts. 
&#8220;Hence, we are still expecting a meaningful rally later in the year. Patience is the name of the game right now.&#8221;
In the immediate future, the report acknowledges headwinds for Bitcoin. &#8220;The market structure still appears to be a roadblock for any Bitcoin rally,&#8221; they write. 
Additionally, the SEC&#8217;s decision on a potential Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ETF next week could further influence market sentiment.
&#8220;The best way to trade this week&#8217;s inflation data remains: if you are bullish, buy Bitcoin, bearish, short Ethereum,&#8221; concludes the report. 
&#8220;This week&#8217;s inflation print will likely not change this. We believe Bitcoin might see $52,000/$55,000 before a more meaningful rebound occurs.&#8221;
Looking For Deeper Insights Into The Future Of Digital Assets? 
Consider attending the Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
This gathering will bring together industry leaders to discuss the latest trends and<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38811221/this-ai-altcoins-predatory-tokenomics-will-fill-the-pockets-of-team-and-insiders-trader-wa"> innovations in this dynamic space.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38819008/dutch-court-sentences-tornado-cash-developer-to-64-months-for-money-laundering">Dutch Court Sentences Tornado Cash Developer To 64 Months For Money Laundering</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Inflation Data Means 'If You Are Bullish, Buy Bitcoin, Bearish, Short Ethereum': 10x Research

<div>With the benchmark diesel price used for most fuel surcharges down for the fifth week in a row, diesel consumers should be reveling in the fact that market trends appear to have completely thrown out concerns about the Middle East conflict and are focused on the markets for both diesel and gasoline as primary drivers.</div>

The Department of Energy/Energy Information Administration average weekly retail diesel price fell 4.6 cents Monday to $3.848 a gallon. The five consecutive declines have taken that price down 21.3 cents a gallon during, and the price is now at a level not seen since the end of January.

Whatever impact that oil markets may have felt from the conflict in Gaza, the Iran-Israel back-and-forth and the diversions of shipping away from the Red Sea (which may have faded from the news but continue) are apparently having no impact on oil prices. A reaction to those developments would tend to be macro in nature and would generally impact crude more than products.

But market weakness continues to show up in products markets, including diesel. And diesel in particular is getting a great deal of focus of late. <script type="text/javascript">
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Diesel is increasingly being viewed as one of the primary reasons for the gradual fall in oil markets that has been occurring since early to mid-April. Whereas a few months ago, the rising price of oil was primarily attributed to a tight market for gasoline, the more recent weakness in oil overall is being laid firmly at the feet of the diesel market.

In his weekly report released Sunday, energy economist Philip Verleger noted that diesel weakness is becoming more structural because of the growing role of renewable diesel, which is made not from petroleum but from feedstocks such as plant oils and animal fats, including those captured in grease traps at restaurants.

In the report, Verleger noted that weekly EIA data on distillate consumption in the U.S., which is about 90% diesel, has been running anywhere from 400,000 to 600,000 barrels per day less than pre-pandemic levels. While some analysts are looking at that and concluding it is the function of a slow trucking market, Verleger's report cited the fact that the data isn't capturing the consumption of renewable diesel. 

"Taxes and regulations promulgated by the US Environmental Protection Agency have prompted refiners to convert crude oil processing facilities to produce renewable diesel, making more renewable fuel available" Verleger wrote. "The higher renewable diesel use will cut US petroleum consumption. At this juncture, it seems that none of the … most-quoted forecasts of global oil demand have been adjusted to account for this replacement." <script type="text/javascript">
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Refining company earnings calls with analysts often feature management discussion of renewable diesel and its impact on the refiners' bottom line. For example, on the latest Phillips 66 call, CEO Mark Lashier reviewed the company's expanding renewable diesel operations and said that as a result of them, "we have gained valuable operational experience and market knowledge that positions us for success in our expanding renewable fuels business."

But on the latest round of calls, talk about the weak diesel market — its crack spread against Brent crude is down about 20 cents a gallon in two months — did arise. 

The view that diesel demand is weak was rejected by Gary Simmons, the executive vice president and chief operating officer at Valero (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vlo#NYSE">VLO</a>). He said on the company's first-quarter earnings calls that diesel sales at Valero are about 2% higher than those of a year ago. 

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But he added that he expects diesel demand will be "flat to slightly down compared to last year." "However, some of the freight indices appear to be turning, and indicate we could start seeing better demand" Simmons said. 

Brian Mandell, executive vice president of marketing and commercial for Phillips 66 (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psx#NYSE">PSX</a>) said on the company's call that even though Ukraine's attacks on Russian refining capacity have probably taken about 200,000 barrels per day of Russian diesel supplies off the market, diesel prices have been suppressed by the warm winter in the northeastern U.S. — where heating oil, a distillate, is heavily used for home warmth — and by refiners coming out of maintenance season strong.

But the result has been reduction in refinery operating rates in Europe and Asia because of refining margins for distillates, which he said are around breakeven.

The weak market for products relative to crude is most visible in the 3-2-1 crack spread, a basic indicator of refinery probability. It is calculated by taking the price of two barrels of gasoline plus one barrel of diesel, converting it to a price per barrel and subtracting the price of crude, either Brent or West Texas Intermediate.

The Brent 3-2-1 on Monday, based on CME prices, fell to close to $21 a barrel. Two months ago, in mid-March, it was approximately $29.

<div>
The post <a href="https://www.freightwaves.com/news/diesel-takes-another-hit-and-may-be-driving-down-broader-oil-market">Diesel takes another hit and may be driving down broader oil market</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.
</div>

Commodities

Diesel Takes Another Hit and May be Driving Down Broader Oil Market

SCPX

Scorpius Holdings shares are trading lower after the company priced a 60 million unit offering at $0.10 per unit.

Raymond James (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rjf#NYSE">RJF</a>) is set to enter into the lucrative private credit business. Through its Investment Banking (&quot;IB&quot;) division, the company has formed a strategic collaboration with Eldridge Industries and Raymond James Bank. Spearheading this expansion is Omer Masud, a seasoned credit industry expert appointed as the head of sponsor finance origination. 
The newly formed Raymond James Private Credit aims to cater private credit solutions to portfolio companies of private equity firms. Leveraging Raymond James&#39; robust IB platform, Raymond James Bank&#39;s lending prowess and Eldridge Industries&#39; asset management expertise, the venture is poised to strengthen relationships with leading PE firms, particularly in key sectors such as consumer, diversified industrials, healthcare and technology &amp; services. 
Jim Bunn, the president of Global Equities and Investment Banking at RJF, emphasized the significance of this move in solidifying ties with the private equity community, underlining the firm&#39;s commitment to enhancing PE relationships. Steve Raney, the chairman and CEO of Raymond James Bank, highlighted the institution&#39;s history of offering comprehensive lending programs and expressed enthusiasm about extending these capabilities further in collaboration with Eldridge Industries. 
Todd Boehly, the co-founder and CEO of Eldridge Industries, echoed the sentiment, affirming private credit as a premier asset class and expressing pride in supporting Raymond James&#39; foray into this domain. 
With Eldridge&#39;s substantial assets under management and Raymond James&#39; established market presence, the collaboration positions both entities for significant growth and underscores their shared commitment to delivering tailored financial solutions to PE clients. 
Over the past year, shares of this Zacks Rank #3 (Hold) company have jumped 45.2%, outperforming the industry&#39;s growth of 36.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b9/66663.jpg?v=360114640" /> 
Image Source: Zacks Investment Research
As Raymond James and Eldridge Industries embark on this venture, they join a burgeoning landscape of financial institutions tapping into the vast potential of the private credit market. Several global firms like Goldman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) and Barclays (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) are also venturing into this space, forming partnerships with investment firms to capitalize on the growing demand for alternative financing options. 
Last month, BCS made a push into the private credit market. The company, along with AGL Credit Management, announced a cooperation agreement and the launch of a private credit investment platform, AGL Private Credit. Likewise, this February, GS entered into a partnership with Mubadala Investment, an Abu Dhabi sovereign wealth fund, to invest $1 billion in private credit deals in multiple Asia-Pacific markets.
<a href="https://www.zacks.com/stock/news/2273313/raymond-james-rjf-forays-into-the-private-credit-business?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2273313">To read this article on Zacks.com click here.</a>

Raymond James Forays Into the Private Credit Business

FFIE

Faraday Future Intelligent Electric shares are trading higher, possibly amid strength in high-short interest stocks.

Politics

TikTok Creators Sue To Block U.S. Divest-Or-Ban Law

Roanna Ruiz, an analyst from Leerink Partners, maintained the Buy rating on NewAmsterdam Pharma Company (NAMS – Research Report). The associated pr...

Buy Rating Reaffirmed for NewAmsterdam Pharma with Increased Price Target Amid Promising Drug Trials and Strategic Initiatives

NewAmsterdam Pharma reports FY results

NewAmsterdam Pharma Company (NAMS) has shared an announcement. NewAmsterdam Pharma Company N.V. has recently updated its investor presentation, whi...

NewAmsterdam Pharma Updates Investor Presentation Online

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Biofrontera (BFRI – Research Report), Alpine Immune ...

Analysts' Top Healthcare Picks: Biofrontera (BFRI), Alpine Immune Sciences (ALPN)

An announcement from NewAmsterdam Pharma Company (NAMS) is now available. NewAmsterdam Pharma Company N.V. has announced Juliette Audet's new role ...

NewAmsterdam Pharma Announces Executive Leadership Changes

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Veeva Systems (VEEV – Research Report) and NewAmster...

Analysts Offer Insights on Healthcare Companies: Veeva Systems (VEEV) and NewAmsterdam Pharma Company (NAMS)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Sanofi (SNYNF – Research Report), NewAmsterdam Pharma Company (NA...

Analysts' Opinions Are Mixed on These Healthcare Stocks: Sanofi (OtherSNYNF), NewAmsterdam Pharma Company (NAMS) and Humana (HUM)

In a report released yesterday, Leonid Timashev from RBC Capital maintained a Buy rating on NewAmsterdam Pharma Company (NAMS – Research Report), w...

RBC Capital Keeps Their Buy Rating on NewAmsterdam Pharma Company (NAMS)

Scotiabank analyst George Farmer maintained a Buy rating on NewAmsterdam Pharma Company (NAMS – Research Report) today and set a price target of $3...

NewAmsterdam Pharma Company (NAMS) Receives a Buy from Scotiabank

In a report released today, Yasmeen Rahimi from Piper Sandler maintained a Buy rating on NewAmsterdam Pharma Company (NAMS – Research Report), with...

NewAmsterdam Pharma Company (NAMS) Gets a Buy from Piper Sandler

ALPN

BFRI

SNYNF

VEEV

Press Releases

NewAmsterdam Pharma to Participate in Upcoming Investor Conferences in March

NewAmsterdam Pharma Reports Full Year 2023 Financial Results and Provides Corporate Update

NewAmsterdam Pharma Doses First Patient in Phase 3 TANDEM Clinical Trial Evaluating Fixed-Dose Combination of Obicetrapib and Ezetimibe in Patients with HeFH and/or ASCVD

NewAmsterdam Pharma to Present New Analysis from the Phase 2 ROSE2 Trial Evaluating Obicetrapib in Combination with Ezetimibe at 2024 American College of Cardiology Congress

Management

NewAmsterdam Pharma Announces the Appointment of Juliette Audet as Chief Business Officer

NewAmsterdam Pharma Enrolls Over 9,000 Patients in Pivotal Phase 3 PREVAIL Global Cardiovascular Outcome Trial Evaluating the Effect of Obicetrapib in Patients with Established Atherosclerotic Cardiovascular Disease

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NewAmsterdam Pharma Stock (NASDAQ:NAMS), Short Interest Report

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