National Bank of Canada Stock (OTC: NBKCF)

Latest News for National Bank of Canada Stock (OTC:NBKCF)

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

Non-Cum Conv Red 1st Pfd Registered Shs Series -38-

NATIONAL BK CDA PFD 38 by National Bank of Canada

National Bank of Canada

Evercore ISI Group analyst Amit Daryanani maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Outperform and raises the price target from $90 to $95.

News

Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on Vertiv Hldgs, Raises Price Target to $95

Macro Economic Events

Global

Economics

U.S. Treasury's Yellen Says China Has Acknowledged A Problem With Overcapacity; Emphasizing Undesirable Spillovers From Chinese Overcapacity

Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) continues to showcase robust performance in its first-quarter earnings <a href="https://www.benzinga.com/quote/NFLX/news">report for 2024</a>. 
The streaming company is now on track to monetize about 40 million borrowers (i.e., people who do not live in the same household but share the same account). 
In order to curb sharers/borrowers of an account outside a household, Netflix has restricted access to sharers beyond a household. The company also devised ways to make it easier for borrowers to transfer Netflix profiles into their own account. 
The initiative ultimately means more paying accounts for Netflix.
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a>
With revenue surging to $9.37 billion, a 14.8% year-over-year increase, and earnings per share standing at $5.28, surpassing analyst estimates, Netflix demonstrates its resilience and ability to thrive in the ever-evolving media industry. 
The company&#8217;s relentless pursuit of growth is evident in its addition of 9.33 million paid subscribers during the first quarter alone, bringing its total subscriber base to a staggering 269.60 million, marking a significant 16.0% increase from the previous year. Such impressive numbers underscore Netflix&#8217;s unparalleled position as a market leader in the streaming space.
Netflix stock is up 68.72% over the past year, 14.02% YTD.
<h3 class="wp-block-heading">Netflix Strategy Through The Lens Of JPMorgan</h3>
Moreover, insights from JPMorgan&#8217;s Video Streaming Survey shed light on Netflix&#8217;s strategy to further capitalize on its user base. 
The survey reveals 44% of Netflix borrowers in the first quarter indicated their intention to either obtain their own subscription (38%) or become an additional member (6%). This data suggests that Netflix is effectively converting borrowers into paying customers, with projections estimating the potential monetization of approximately 40 million borrowers by the end of 2024. 
Netflix&#8217;s initiatives to curb password sharing and introduce an ad-tier plan are notable developments aimed at enhancing monetization opportunities. 
With 65% of Netflix users now restricted from sharing their accounts outside their households, and a growing awareness of the ad-tier option among subscribers, Netflix is diversifying its revenue streams and catering to varying consumer preferences.
<h2 class="wp-block-heading">Analysts See Over 25% Upside For Netflix Stock</h2>
In light of these developments, analysts remain bullish on Netflix&#8217;s future prospects. 
Following the release of the Q1 earnings report, Evercore ISI Group, B of A Securities, and Oppenheimer issued their latest ratings, collectively assigning an average price target of $691.67 for Netflix stock. This projection implies a substantial 26.03% upside potential, reflecting analysts&#8217; confidence in Netflix&#8217;s ability to capitalize on its expanding subscriber base and innovative monetization strategies.
As Netflix continues to invest in original content, expand its global footprint, and innovate its platform, the company remains poised for sustained growth and profitability. 
With a compelling combination of subscriber growth, revenue diversification, and analyst optimism, Netflix stands at the forefront of the digital entertainment revolution, poised to deliver significant value to both investors and consumers alike.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38429532/bullish-boeing-analyst-says-didnt-expect-things-to-start-falling-apart-in-midair-if">Bullish Boeing Analyst Says &#8216;Didn&#8217;t Expect Things To Start Falling Apart In Midair&#8216;</a>
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Analyst Color

Long Ideas

Tech

Trading Ideas

NFLX

Netflix Could Monetize 40M Borrowers By End Of 2024, Analysts See Over 25% Upside

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
The SPY (ARCA: SPY) is presently trading around the price of 502.85. The bullish perspective hopes for an initial rise to 503.95. Maintaining strong performance above this mark could usher the SPY towards a subsequent target of 505.32. Should this level prove stable during regular market hours, there may be potential for an ascent to 506.06, with an ambitious high target of 507.52 for today&rsquo;s session.
Conversely, if the SPY fails to maintain support at 502.85, the bearish scenario comes into play. We would anticipate a move down to 501.74, testing market resilience. If bearish momentum persists and the price breaks below this level, a further decline to 500.91 could occur, with an ultimate strong support possibly forming at 500.17. Should today manifest a pronounced downward trend, the price might even reach a lower bear target of 498.93.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) , or &quot;the Q&#39;s&quot;, is currently positioned around 422.16. Bullish traders are looking to uphold the price above 423.27, seeking to establish firm support there. If successful, the next target is 424.04, with potential further gains leading to 425.77. Should today&rsquo;s trading conditions be favorable, the bulls may aim for a peak price of 427.32, with the highest target set at 428.50.
On the downside, if 422.16 cannot serve as a stable base during today&rsquo;s trading, bears might push the price down to 420.76. A confirmed weakness could see the QQQ descend to 419.89 and possibly to 419.19 if support levels fail. In a scenario of pronounced bearish pressure, a drop to a lower bearish target of 417.49 might be witnessed.
<h3>Apple Inc.</h3>
Apple&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) stock is currently hovering around 168.99. From a bullish viewpoint, maintaining this level is crucial. If support holds, there&#39;s potential for a rise to 169.73, with continued momentum possibly pushing the price to 170.32. If the overall market sentiment remains bullish today, Apple might see a peak target of 171.13.
If Apple&rsquo;s price falls below 168.99 during regular trading hours, it may signal bearish control, prompting a retest at 168.00. Persisting sell-offs could lead to further declines towards 167.59 and 167.09. In a significant downturn, the price might gravitate towards the day&rsquo;s low bear target of 166.27.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading near 400.30. Bulls aim to keep the price above 401.39 and strengthen it up to 402.74, solidifying it as a support level. Sustained buying could propel the stock towards 404.92, aiming for the highest bullish target of 406.01 for the day.
If support at 400.30 gives way, a bearish outlook suggests a possible dip to 399.21. If this level cannot hold, further declines to 398.38 and 397.65 could be expected. The lowest bear target for Microsoft today is set at 395.68.
<h3>NVIDIA Corporation</h3>
NVIDIA&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) stock is being watched closely at the 799.10 mark. Bulls are looking to propel it initially to 804.61 and establish clear support. With continued buying interest, a push towards 810.13 and possibly up to 816.95 could be seen, setting a high target of 823.52 for the day.
However, if NVIDIA cannot maintain the 799.10 level as a strong support today, bears may look to decrease the price to 794.94. If selling intensifies, a further drop to 791.44 and then to 781.59 could occur. In a substantial bearish trend, the day&rsquo;s low target could be 775.50.
<h3>Alphabet Inc Class A</h3>
Alphabet&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) current level is 154.44. Bulls seek to stabilize the price at 154.95 and advance it to 155.59. With ongoing bullish momentum, the price might aim for today&rsquo;s high target of 156.61.
Should the price fall below 154.44, bears might drive it down to 153.54. If this level fails to hold, the price might be pushed further to 152.94, and in a significant sell-off, down to a low bear target of 152.27.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is trading around 420.24. Bulls are keen on supporting the price here and pushing it higher to 426.00. Strong buying could lead to further advances towards 429.01, with a potential high target of 436.87.
Conversely, if 420.24 fails as a support level, bears might force the price down to 417.87. Continuing bearish trends could lead to further declines to 412.80, and if not held, down to the day&rsquo;s low bear target of 409.16.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is currently priced around 160.32. Bulls hope to drive the price up to 162.32 and further to 164.87. A bullish market trend today could see Tesla potentially reaching 166.89, with an optimistic high target of 169.70.
If Tesla&rsquo;s price does not maintain the 160.32 level, it might be tested lower at 158.92, potentially falling to 157.52. Should selling pressure persist, the price could decline to a day&rsquo;s low target of 152.97.
Final Word: Today&#39;s trading session is packed with key economic data releases that could significantly influence market dynamics. Beginning at 8:30 AM ET, we have the announcement of the GDP and Core PCE Price Index for the first quarter, coupled with the latest unemployment figures. These data points are crucial as they offer insights into the economic health and inflationary pressures, setting the tone for market volatility.
Following the morning data, the market will shift its focus to the Pending Home Sales report for March, which is scheduled for release at 10 AM ET. This indicator provides further context on the real estate market, which has implications for broader economic conditions.
In the afternoon, attention turns to the government sector with a 7 Year Note Auction from the Treasury at 1 PM ET. The outcome of this auction could impact interest rates and investor sentiment.
Wrapping up the day, the post-market hours will see key earnings announcements from major tech companies including Microsoft, Alphabet, and Intel. These earnings results are highly anticipated, as they have the potential to influence market trends and investor confidence.
Given this lineup of events, traders should be prepared for a day marked by potentially high volatility and dynamic shifts in market sentiment. It&rsquo;s advisable to stay informed, monitor the markets closely, and trade cautiously. Good luck today!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

AAPL

GOOGL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - April 25th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)

Evercore ISI Group analyst Thomas Gallagher maintains Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) with a Underperform and raises the price target from $115 to $116.

Evercore ISI Group Maintains Underperform on Prudential Financial, Raises Price Target to $116

Wells Fargo analyst Larry Biegelsen maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Overweight and raises the price target from $72 to $82.

Wells Fargo Maintains Overweight on Boston Scientific, Raises Price Target to $82

Federal Reserve

U.S. Treasury's Yellen Says Europeans Have Taken Very Constructive Step On Frozen Russian Assets By Segregating Profits And Agreeing To Transfer To Ukraine; There Are A Range Of Options, Want To Give Several Options To G7 Leaders

Evercore ISI Group analyst Jonathan Chappell maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Outperform and lowers the price target from $241 to $225.

ODFL

Evercore ISI Group Maintains Outperform on Old Dominion Freight Line, Lowers Price Target to $225

Wells Fargo analyst Mohit Bansal maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Overweight and raises the price target from $100 to $110.

BMRN

Wells Fargo Maintains Overweight on Biomarin Pharmaceutical, Raises Price Target to $110

U.S. Treasury's Yellen Says We Have Raised Estimate Of Spending Associated With Clean Energy Tax Credits, But This Will Make American Economy More Secure

Cantor Fitzgerald analyst Sarah James reiterates Amedisys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMED#NASDAQ">AMED</a>) with a Neutral and maintains $101 price target.

Reiteration

AMED

Cantor Fitzgerald Reiterates Neutral on Amedisys, Maintains $101 Price Target

Management

Whirlpool In Q1 Earnings Report Said "In March 2024, The Co Committed To Workforce Reduction Plans. $23M Was Recorded During Q1 Of Which $14M Was Employee Termination Costs And $9M Was Other Associated Exit Costs. For FY24, We Expect To Incur ~$50M Of Restructuring Charges"

Evercore ISI Group analyst Stephen Kim maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a In-Line and raises the price target from $154 to $172.

Evercore ISI Group Maintains In-Line on Owens-Corning, Raises Price Target to $172

Caterpillar Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) reported a&nbsp;first-quarter fiscal 2024&nbsp;revenue of $15.8 billion, a slight decrease of 0.4% year-over-year,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38425106/caterpillar-reports-first-quarter-2024-results" rel="noreferrer noopener">missing the consensus of $16.216 billion.&nbsp;</a>
CAT&#8217;s adjusted earnings of $5.60 per share, compared to $4.91 a year ago, <a href="https://www.benzinga.com/calendars/earnings">topped the consensus of $5.14.</a>
Sales dropped due to reduced equipment sales, somewhat mitigated by favorable pricing and increased Financial Products&#8217; revenues; adverse currency impacts, mainly from the Australian dollar, also affected overall sales.
Adjusted operating profit margin was 22.2% for the quarter, compared with 21.1% for the first quarter of 2023.
Enterprise operating cash flow was $2.05 billion for the quarter, and the company ended the first quarter with $4.96 billion of enterprise cash.
Caterpillar deployed $4.5 billion of cash for repurchases of Caterpillar common stock and $0.6 billion&nbsp;of cash&nbsp;for dividends in the quarter.
Machinery, Energy &amp; Transportation segment revenue declined 0.9% Y/Y, with Construction Industries down 5%, Resource Industries down 7%, Energy &amp; Transportation&nbsp;up&nbsp;7%, and Other Segments down 2%.
Financial Products revenues increased by 10% Y/Y to $839 million.
2024 Outlook:&nbsp;Caterpillar anticipates sales and revenues&nbsp;to be&nbsp;broadly similar to 2023.
The company sees no significant change in machine dealer inventory by the end of 2024, as compared to a build in 2023.
CAT expects 2024 adjusted operating profit margin to be in the top half of the target range relative to the expected corresponding level of sales and revenues.
For the second quarter, Caterpillar expects sales to be lower than the prior year, price realization to remain favorable, and adjusted operating profit margin to <a href="https://www.benzinga.com/calendars/guidance">be similar to the prior year.</a>
Price Action: CAT shares are trading lower by 7.51% at $336.22 at the last check Thursday.
Photo via Shutterstock

Earnings

Equities

Guidance

Movers

Why Is Equipment Giant Caterpillar Stock Plunging Today?

U.S. stocks were lower, with the Dow Jones falling over 600 points on Thursday.
Shares of Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) rose sharply during Thursday's session following better-than-expected <a href="https://www.benzinga.com/general/biotech/24/04/38432249/drugmaker-sanofis-strong-dupixent-and-beyfortus-vaccine-sales-propel-q1-earnings">first-quarter earnings</a>.
Sanofi reported first-quarter operating income of 2.8 billion euros, down 14.7% Y/Y and 4.2% on constant currency. The French drugmaker reported adjusted EPS of 97 cents (1.78 euros), beating the consensus estimate of 94 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Sanofi shares climbed 5.5% to $49.15 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>P.A.M. Transportation Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTSI#NASDAQ">PTSI</a>) jumped 19.8% to $17.42 after the company announced a self-tender offer to purchase up to 550,000 shares at a price not less than $15.50-$18.00 per share.</li>
<li>Ultralife Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares jumped 16.6% to $10.19 after the company reported better-than-expected quarterly financial results.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) rose 16% to $140.21 after reporting better-than-expected first-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) climbed 11.5% to $15.13 following first-quarter results.</li>
<li>Strategic Education, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRA#NASDAQ">STRA</a>) shares gained 10% to $110.78 following upbeat results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 9.6% to $459.39 after the company reported better-than-expected first-quarter EPS and sales. Additionally, the company provided upbeat guidance for FY24.</li>
<li>TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) surged 8.9% to $74.83 after the company reported better-than-expected first-quarter financial results. The company also provided upbeat guidance for second quarter.</li>
<li>Community Health Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) rose 7.9% to $3.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Kirby Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) shares gained 7.6% to $108.69 following better-than-expected first-quarter results.</li>
<li>Core Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) climbed 7.6% to $17.78 following strong earnings.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) rose 6.8% to $17.61 after the company reported better-than-expected first-quarter financial results.</li>
<li>Sonic Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) shares gained 6.7% to $54.57 following upbeat earnings.</li>
<li>Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) surged 6.3% to $58.21 following first-quarter earnings.</li>
<li>AstraZeneca PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NYSE">AZN</a>) climbed 5.8% to $75.35 following a first-quarter revenue beat.</li>
<li>Teradyne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TER#NYSE">TER</a>) shares rose 5% to $105.71 after the company posted upbeat first-quarter results and issued strong second-quarter forecast.</li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) shares gained 4.4% to $242.28 after the company reported better-than-expected first-quarter results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38428592/how-to-earn-500-a-month-from-t-mobile-us-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report</a>

Intraday Update

Markets

CARR

PTSI

SNBR

STRA

ULBI

Sanofi Reports Strong Earnings, Joins Kirby, Sonic Automotive, Union Pacific And Other Big Stocks Moving Higher On Thursday

Macy's's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) short percent of float has fallen 10.47% since its last report. The company recently reported that it has 16.65 million shares sold short, which is 6.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 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>Macy's Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Macy's 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 Macy's'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>, Macy's's peer group average for short interest as a percentage of float is 9.07%, 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

(M) - Analyzing Macy's's Short Interest

Philip Morris Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) short percent of float has risen 9.3% since its last report. The company recently reported that it has 7.33 million shares sold short, which is 0.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.04 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>Philip Morris Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054518_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Philip Morris Intl 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 Philip Morris Intl'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>, Philip Morris Intl's peer group average for short interest as a percentage of float is 9.93%, 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.

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Bit Digital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NYSE">BTBT</a>) short percent of float has risen 13.95% since its last report. The company recently reported that it has 18.13 million shares sold short, which is 15.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.02 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>Bit Digital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714054512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bit Digital 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 Bit Digital'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>, Bit Digital's peer group average for short interest as a percentage of float is 8.17%, 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.

BTBT

Looking Into Bit Digital's Recent Short Interest

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