L'intérêt à découvert pour Duckhorn Portfolio donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Duckhorn Portfolio. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Duckhorn Portfolio (NYSE:NAPA) Stock, Rapport sur les intérêts à découvert

Duckhorn Portfolio

The Duckhorn Portfolio Inc produces luxury and ultra-luxury wine across a portfolio of winery brands, including Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. Its revenue is comprised of wholesale and direct-to-consumer sales. Wholesale revenue is generated through sales directly to California retailers and restaurants, sales to distributors and agents located in other states throughout the United States, and sales to export distributors that sell internationally.

The Duckhorn Portfolio, Inc. Common Stock

The Duckhorn Portfolio Inc

Napatech AS

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading slightly higher Monday. BofA Securities analyst Sabrina Abrams initiated coverage on Fastenal with a Buy rating and announced a <a href="https://www.benzinga.com/news/24/10/41206642/this-fastenal-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-monday">price target of $85</a>.
The Details:
The BofA analyst highlighted Fastenal's double-digit growth in national customer contract counts in the first and second quarters of 2024, reflecting the success of the company's renewed focus on winning contracts with large customers. Abrams said she expects the growth to continue through the fourth quarter and into 2025 and 2026.&nbsp;
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a>
Abrams also noted Fastenal's sales volumes have outperformed even as offshoring slowed industrial production in its markets. The analyst sees Fastenal as positioned to benefit as companies return to reshoring and expects sales volumes to accelerate further in the long-term.&nbsp;
FAST Q3: Fastenal is set to report its third-quarter financial results on Friday before the opening bell.&nbsp; Analysts expects the company to report earnings of 51 cents per share and quarterly revenue of $1.915 billion, according to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
<h3 class="wp-block-heading">FAST Stock Prediction 2024: </h3>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Fastenal&#8217;s revenue has grown at an average rate of 7.73% annually over the past 5 years. The average 1-year price target from analysts is $71.6, representing an expected 1.94% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Fastenal have seen an annualized return of 12.9%, outperforming the S&amp;P500 index by 3.56%. This compares to 12.1% growth in the overall Industrials sector. Fastenal has a beta of 1.2.
FAST Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Fastenal shares are up 0.44% at $70.49 at the time of publication Monday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41186003/bitcoin-miner-iris-energy-releases-september-update-what-to-know">Bitcoin Miner Iris Energy Releases September Update: What To Know</a></li>
</ul>
Image: Shutterstock&nbsp;

Analyst Color

News

Movers

FAST

What's Going On With Fastenal Stock?

Wells Fargo analyst Deepa Raghavan upgrades Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) from Underweight to Equal-Weight and raises the price target from $140 to $160.

Upgrades

Price Target

Analyst Ratings

Wells Fargo Upgrades Mohawk Industries to Equal-Weight, Raises Price Target to $160

GM Resuming Production Later Today At Texas Assembly Plant Idled Last Week Due To Hurricane-Related Supplier Shortage

Wells Fargo analyst Christian Wetherbee upgrades Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) from Equal-Weight to Overweight and maintains the price target from $125 to $125.

Wells Fargo Upgrades Canadian National Railway to Overweight, Maintains Price Target to $125

Last Friday's US economic data showed a big beat across the board. Nonfarm Payrolls beat all expectations at 254K, Unemployed dropped to 4.1% and average hourly earnings came in at 4.0% YoY. So, is everything rosy in the US economy? If yes, why is the Federal Reserve cutting rates?
Let's take things from the beginning. The Fed but 50bps in the last meeting, when most economic data suggested that there was no need at all:
<ul>
<li>GDP growth QoQ is averaging around 3%.</li>
<li>Unemployment is in the low 4% area.</li>
<li>Inflation has been dropping but still well above the 2% target.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="940" height="662" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image.png" alt="" class="wp-image-1995" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image.png 940w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image-300x211.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image-768x541.png 768w" sizes="(max-width: 940px) 100vw, 940px" /></figure>
Perhaps the Fed is forecasting an upturn in unemployment and a further fall in inflation &amp; GDP, and they – uncharacteristically – are trying to be proactive rather than reactive. It's likely that their main concern is unemployment, as they consider the inflation issue "resolved" now.
Headline employment numbers might look good on paper, but what happens when we dig deeper into the details? The picture is certainly less rosy:
<ul>
<li>The vast majority of job gains was in government and healthcare, while the private sector jobs were stagnant.</li>
<li>Many of the job gains are attributed to immigrants, rather than native US citizens.</li>
<li>The number of individuals holding multiple jobs hit new all-time highs. Is this because people love taking more jobs in order to earn more money, or is it due to necessity in order to make ends meet? My guess is the latter.</li>
<li>We also need to remember that these numbers get heavily revised (usually to the downside), with the last revision being over 800k lower.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="954" height="556" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1.png" alt="" class="wp-image-1996" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1.png 954w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1-300x175.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1-768x448.png 768w" sizes="(max-width: 954px) 100vw, 954px" /></figure>
Politicians keep "reminding" people that the US economy is in great shape, but what's really driving it? Both the government and individuals are loading up on record debt – the US Debt/GDP has soared to 120% and credit card debt has hit new all-time highs.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="940" height="321" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2.png" alt="" class="wp-image-1997" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2.png 940w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2-300x102.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2-768x262.png 768w" sizes="(max-width: 940px) 100vw, 940px" /></figure>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="967" height="687" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1.png" alt="" class="wp-image-1998" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1.png 967w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1-300x213.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1-768x546.png 768w" sizes="(max-width: 967px) 100vw, 967px" /></figure>
So, what's my takeaway from all this, at least in the short to medium term?
<ul>
<li>I think that the underlying condition of the US economy is worse than the headline numbers suggest.</li>
<li>The Fed may need to ease more than markets expect, bringing yields lower. This is a much-needed outcome for the government, whose interest expense is growing at an alarming rate (currently above 1/3 of total tax receipts). There is still strong demand for US treasuries and of course the Fed is ready to help in case more buying firepower is needed.</li>
<li>Low yields bring support to equities and with the US elections only weeks away, the government will want to do everything in its power to avoid a downturn.</li>
<li>None of the two presidential candidates (Trump and Harris) even mentioned the spiraling debt problem, suggesting that they will do nothing to address it. A Trump win will be theoretically good for the US Dollar, while a Harris presidency will likely mean much looser monetary &amp; fiscal policies.</li>
</ul>
I think that yields and the USD will eventually move to higher levels, but for the next few weeks and months the most likely scenario is a continuation lower.
The 10y UST yield has recently bounced from its 3.60% lows and it could well continue towards the 50% Fibonacci retracement and 200DMA that comes in at around 4.17%; however, I think that the 3.25%-3.35% support zone will be retested.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="880" height="664" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2.png" alt="" class="wp-image-1999" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2.png 880w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2-300x226.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2-768x579.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></figure>
The DXY index is also rebounding and could continue towards the 23.6% Fibonacci retracement at 103.16, but it's quite probable that it will then resume its move lower towards the 99.50 lows.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="817" height="616" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3.png" alt="" class="wp-image-2000" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3.png 817w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3-300x226.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3-768x579.png 768w" sizes="(max-width: 817px) 100vw, 817px" /></figure>
I am not in the camp of those who are calling for a US debt default or a change in the world's reserve currency. I believe that the US will eventually regain its former glory via better fiscal and economic policies – however, the path in the next weeks and months will be a very difficult one.
Stelios Contogoulas 
Forex Analytix

Economics

Federal Reserve

Markets

What's Going On With The US Economy And The Federal Reserve?

The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) version of viral meme coin Moondeng (CRYPTO: MOONDENG) has picked up steam after Vitalik Buterin sold part of his holding to <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39213806/ethereum-co-founder-vitalik-buterin-responds-to-celebrity-memecoins-how-do-we-push-things-">donate it to charity</a>.
What Happened: On-chain analytics provider Spot On Chain highlighted the Ethereum co-founder selling 10 billion MOONDENG, worth $822,000, for 308.68 ETH. Buterin then donated 260.16 ETH, approximately $642,000, to the charity Kanro, dedicated to anti-airborne-disease technology.
Despite this sale, Buterin still retains a substantial amount of MOODENG. He <a href="https://x.com/spotonchain/status/1843268947757711630">currently</a> holds 40 billion MOODENG, worth around $7.56 million, which is around 9.51% of the total supply.
Buterin also sold $341,000 worth of meme-coins MOODENG, DEGEN, NEIRO, KABOSU and (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) for 140.67 ETH. Of the total, he <a href="https://x.com/spotonchain/status/1842513892888715522">sent</a> 100ETH to the &#8220;Free Alexey &amp; Roman&#8221; campaign, supporting the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm.
<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/24/09/41097318/meme-coin-supercycle-means-13-out-of-top-20-outperforming-tokens-are-memes-will-shiba-doge">&#8216;Meme Coin Supercycle&#8217; Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?</a>
Why It Matters: Vitalik Buterin expressed his appreciation for meme coins that donate a portion of their supply to charity, encouraging more direct engagement from the community. The Ethereum co-founder specifically mentioned EBULL, a meme coin that recently made significant donations to several groups.
He further <a href="https://x.com/VitalikButerin/status/1843260976206082216">suggested</a> that meme coin communities could establish Decentralized Autonomous Organizations (DAOs) to involve their members more directly in decision-making processes related to charitable donations. 
Buterin&#8217;s call for meme coins to be &#8220;maximally positive sum for the world&#8221; reflects his long-standing belief in the transformative potential of blockchain technology for societal good.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.  
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41006355/these-2-meme-coins-will-show-us-if-the-mania-continues-says-trader-but-its-neither-doge-no">These 2 Meme Coins Will Show Us If The &#8216;Mania&#8217; Continues, Says Trader: But It&#8217;s Neither DOGE Nor SHIB</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

$USDT

Whoosh! Viral Baby Hippo Moondeng Surges 380% After Vitalik Buterin Sells His Stack And Donates $642K To Charity

Trading Ideas

Live On CNBC: Brian Belski Trims Home Depot

WIIM

Zillow Group shares are trading lower. The stock may be down amid a rise in treasury yields.

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Neutral and maintains $110 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on Trade Desk, Maintains $110 Price Target

Salinas Positioned As Key Growth Area Near $370M Latin Resources Acquisition By Pilbara; Focus Remains On Bringing Neves Project To Production For Initial Lithium Concentrate Output In Brazil's Lithium Valley

ATLX

Reported Earlier: Atlas Lithium Advances Salinas Project With Discovery Of Spodumene-Rich Pegmatites

Robinhood Markets Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) plans to offer its British users the ability to invest in U.K. stocks as the company seeks growth beyond domestic markets. The company&#39;s CEO and co-founder, Vlad Tenev, mentioned this in an interview with Bloomberg on Friday.
This move, if executed, would follow the roll-out of commission-free trading by HOOD for more than 6,000 U.S.-listed stocks to U.K. investors.
<h2>HOOD&#39;s Rationale Behind This Pursuit</h2>
HOOD has been aiming to enter new markets in recent years to diversify its business and become less dependent on trading revenues. The trading activities have weakened after a pandemic-induced boom that led to inflated enthusiasm for meme stocks, driving up Robinhood&#39;s trading revenues in the process.
Tenev stated, &quot;We are looking ahead to multi-currency wallet support and local execution, including the London Stock Exchange. There&#39;s been huge demand for options as well &mdash; options on US equities &mdash; because that&#39;s just hard to come by here in the UK market.&quot;
Tenev further stated that the firm has realigned its emphasis within the U.S. markets, focusing on high-interest income-producing areas, such as retirement products and credit cards.
United Kingdom is a competitive market for Robinhood with firms like Revolut Ltd., eToro Group Ltd., Trading 212 Group Ltd. and Freetrade Ltd., which have been offering trading in U.K. stocks and compete with incumbents like Hargreaves Lansdown Plc, Fidelity Investments and AJ Bell Plc.
Robinhood seeks to replicate its success in the United States through no-commission trading, which was adopted by the other major players in the domain, increasing U.S. household investments into equities by 27% after HOOD&#39;s debut, while in the U.K. markets, this trend has been steady, noted Tenev.
&quot;Unlike the US, there hasn&#39;t really been a zero-commission revolution. We are hoping to change that here&quot; Tenev further mentioned.
<h2>Robinhood&#39;s Other Growth Initiatives</h2>
This move aligns with the company&#39;s growth strategy in recent years. This July, the company acquired Pluto Capital Inc. to enhance its offerings with intelligent, data-driven investing tools. In June, Robinhood agreed to acquire Bitstamp Ltd to propel its cryptocurrency division into new international markets.
Further, this March, the company unveiled its first-ever credit card to expand its services beyond mainstream trading. This card will be available to Robinhood Gold customers.
Over the past six months, HOOD shares have gained 23.3%, outperforming the industry&#39;s 10.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/80549.jpg?v=1667015127" />
Image Source: Zacks Investment Research
Currently, Robinhood sports a Zacks Rank #1 (Strong Buy).
<h2>Restructuring Initiatives by Other Finance Firms</h2>
Last week, JPMorgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) agreed to partner with Cliffwater, FS Investments and Shenkman Capital Management Inc. to boost its reach in the $1.7-trillion global private credit markets. The news was first reported by Bloomberg, citing people with knowledge of the matter.
Now, JPM will originate loans and invest in them alongside the direct lenders, who can only decline to participate in a handful of transactions over a pre-determined period.
Similarly, Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) announced the next stage of its West Coast expansion strategy, which includes the addition of a highly experienced Private Banking team in Southern California. The bank also revealed plans to open new Private Bank office locations in the region as part of its ongoing efforts to strengthen its presence and serve clients across key California markets.
This latest expansion follows the earlier announcements related to CFG&#39;s expansion in California, highlighting an integrated approach to growth across the key business lines of Private Banking, Wealth Management and Corporate &amp; Investment Banking.
<a href="https://www.zacks.com/stock/news/2346893/robinhood-mulls-over-introducing-uk-stock-investing-for-british-users?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2346893">To read this article on Zacks.com click here.</a>

Equities

Large Cap

Offerings

Events

HOOD

Robinhood Mulls Over Introducing UK Stock Investing for British Users

<a href="https://x.com/RedwireSpace/status/1843323469372735889" title="https://x.com/RedwireSpace/status/1843323469372735889">https://x.com/RedwireSpace/status/1843323469372735889</a>

Redwire Space Post On X, "Separation confirmed! #Hera has successfully separated from the #Falcon9. Now, Redwire's ADPMS-3 onboard computer is taking control of the spacecraft, ensuring communication with Earth and managing the spacecraft's power, navigation, and internal systems."

Fabrinet's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) short percent of float has risen 22.51% since its last report. The company recently reported that it has 1.73 million shares sold short, which is 6.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fabrinet Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728317724_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fabrinet 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 Fabrinet'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>, Fabrinet's peer group average for short interest as a percentage of float is 2.70%, 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

(FN) - Analyzing Fabrinet's Short Interest

Upstart Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NYSE">UPST</a>) short percent of float has fallen 5.28% since its last report. The company recently reported that it has 23.16 million shares sold short, which is 30.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.25 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>Upstart Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728317719_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Upstart Hldgs 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 Upstart Hldgs'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>, Upstart Hldgs's peer group average for short interest as a percentage of float is 5.50%, 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.

UPST

(UPST) - Analyzing Upstart Hldgs's Short Interest

Shaquille O&#8217;Neal is known for being one of the most dominant forces in NBA history, but he's also built a reputation as a smart and savvy business owner off the court.&nbsp;
However, it wasn't always easy for Shaq to get that respect. The disrespect he encountered in business meetings pushed him to return to school and earn a Master's degree in Business Administration (MBA). And, in true Shaq style, he didn't just do it alone – he paid for 15 of his friends to get their Masters alongside him.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>
During an <a href="https://youtu.be/Mza5tTgh9hA?si=IobHhoIohA8yI3Jq&amp;t=3081">interview</a>, Shaq opened up about his frustrations. He noticed that people wouldn&#8217;t take him seriously when he walked into business meetings. "I'd go into a meeting and they'd say, &#8216;Hello Shaq, how are you doing?'" O'Neal said. &#8220;And then they would turn away and look at my lawyers, accountants and all those guys.&#8221; He realized they didn't think he understood business or the terms they were using.
That experience lit a fire under him. Shaq decided he wouldn't just sit back and be treated like a clueless athlete. So, he went to the University of Phoenix and got his MBA. The program was mostly online, but Shaq wanted a real classroom experience.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">. <a href="https://twitter.com/SHAQ?ref_src=twsrc%5Etfw">@Shaq</a> wanted to get his masters degree in person at the University of Phoenix, but they couldn&#39;t make a class for just one person. They needed a minimum of 15 people. So he paid for 15 friends to get their masters with him &#x1f525;<a href="https://t.co/3X8fAlNUNB">pic.twitter.com/3X8fAlNUNB</a>
&mdash; ClutchPoints (@ClutchPoints) <a href="https://twitter.com/ClutchPoints/status/1573405606798671873?ref_src=twsrc%5Etfw">September 23, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
The school told him they couldn't set up an in-person class for just one person – so Shaq paid for 15 of his friends to join him. That's right, he covered the tuition for 15 of his closest friends so they could all earn their Master's degrees together.&nbsp;
But Shaq didn't stop there after getting his Master's – he went even further and earned a Ph.D. in Education from Barry University. He did it because his mom pointed out that no one in their family had a doctorate. &#8220;So, I&#8217;m like, I could be the first out of all the O&#8217;Neals to be a doctor? Okay, I&#8217;ll be back,&#8221; Shaq recalled.
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
It took him five years to complete while juggling his busy career, but Shaq wanted to show his kids the importance of education and that you can keep learning no matter where you are. Now, he's proud to be called "Dr. O'Neal" at times and it's a huge source of pride for his family.
Shaq, whose wealth is <a href="https://www.benzinga.com/news/24/09/40931123/shaquille-oneals-estimated-500m-portfolio-includes-a-big-bet-on-google-but-big-shamrock-made-a-criti">estimated to be around $500 million</a>, isn't just going to hand that fortune over to his children. He's made it clear that <a href="https://www.benzinga.com/personal-finance/24/08/40658562/nba-legend-shaq-tells-his-kids-in-order-to-get-my-cheese-you-have-to-present-me-with-two-degrees">they'll have to earn their share</a>. His expectations are high – he wants each of his kids to get not just one but two college degrees before they can see any of his money.
Read Next:
<ul>
<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>

Startups

'They Would Turn Away' – Shaq Got An MBA Because People Disrespected Him. He Also Paid For 15 Of His Friends To Get Their Masters With Him

Ultra Clean Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NYSE">UCTT</a>) short percent of float has fallen 4.79% since its last report. The company recently reported that it has 661 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.44 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>Ultra Clean Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728317714_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ultra Clean Hldgs 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 Ultra Clean Hldgs'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>, Ultra Clean Hldgs's peer group average for short interest as a percentage of float is 6.87%, 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.

UCTT

(UCTT) - Analyzing Ultra Clean Hldgs's Short Interest

JP Morgan analyst Doug Anmuth expects negative headlines for Google's parent-company Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) when the Department of Justice (DOJ) proposes a broad and punitive set of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40686596/google-doj-trial-drama-to-hit-earnings-by-up-to-10-says-jpmorgan-status-quo-is-no-l">potential remedies against the company this week.</a>
The Details:
The DOJ is expected to file a high-level framework for potential remedies on Tuesday in its search distribution trial against Google. Anmuth said he expects the DOJ to file a "wide-ranging and far-reaching set of potential remedies, most likely more than the DOJ thinks it could ultimately win."
The JP Morgan analyst sees five potential remedies which could include:&nbsp;
<ul>
<li>No exclusive default search agreements for Google across all browsers, OEMs and carriers</li>
<li>The separation of Android &amp; Chrome from Google</li>
<li>The separation of Google Search ads from Google</li>
<li>Limitations on how Google can implement AI in search</li>
<li>Data sharing, including providing API or patent access to search competitors</li>
</ul>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a>
Anmuth predicted Google could see up to a 10% hit on its earnings per share due to these changes and noted the stock has <a href="https://www.benzinga.com/news/24/08/40354529/alphabet-stock-slides-as-department-of-justice-considers-push-to-break-up-google-what-investors-need">underperformed the market</a> since the judge ruled against the company on Aug. 5. He pointed to the likely negative impacts of the remedies on Alphabet's revenue, earnings and overall competitive positioning as drivers of the stock's recent underperformance.&nbsp;
JP Morgan said it remains bullish on Google's search growth, progress in GenAI and maintained Alphabet with an Overweight and a price target of $208. However, the firm said it prefers Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) or Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) among the mega-caps as Alphabet shares could be range-bound for an extended period of time.&nbsp;
GOOG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alphabet shares are down 0.82% at $167.17 at the time of publication Monday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41186003/bitcoin-miner-iris-energy-releases-september-update-what-to-know">Bitcoin Miner Iris Energy Releases September Update: What To Know</a></li>
</ul>
Image: Shutterstock&nbsp;

Legal

AMZN

GOOG

GOOGL

DOJ To File Remedies Framework Against Google: JP Morgan Sees Alphabet EPS To Drop 10%, 'Negative Headlines' Likely

Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) CEO Jason Les expressed the company&#8217;s interest in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40101424/bitcoin-miners-with-ai-exposure-stumble-while-traditional-players-thrive-whats-behi">artificial intelligence opportunities</a>, contingent on the emergence of a favorable deal.
What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) collaboration with AI Hyperscaler CoreWeave as a potential model for such ventures, The Block <a href="https://www.theblock.co/post/319755/bitcoin-miner-riot-ai?utm_source=rss&amp;utm_medium=rss">reported</a>.
Les stressed that while Riot is open to AI, its primary focus remains on bitcoin mining. He noted the strategic benefits of Riot's Texas-based facilities, which boast significant power capacity and proximity to major urban centers like Austin and Dallas. These locations could accommodate AI-specific machines if a suitable partnership materializes.
Despite the interest in AI, Les made it clear that Riot is not planning a strategic pivot solely to capitalize on AI trends. 
The company remains dedicated to bitcoin mining, especially as new competitors such as Jack Dorsey's Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), Bitdeer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) and Auradine intensify the sector&#8217;s competitiveness.
According to Bernstein, Riot's stock has increased by 17.3% over the past month, although it is still down 54% year-to-date.
The firm holds approximately 10,000 BTC, valued at around $630 million, highlighting its commitment to Bitcoin's long-term potential. Riot&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40981264/whats-going-on-with-bitcoin-mining-stock-riot-platforms-monday">recent attempt</a> to acquire rival Bitfarms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) concluded with a settlement that limits its acquisition capacity.
<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/24/10/41183648/satoshi-nakamoto-being-pseudonymous-is-one-of-the-coolest-things-ever-human-rights-activis">Satoshi Nakamoto Being Pseudonymous &#8216;Is One Of The Coolest Things Ever,&#8217; Human Rights Activist Said—Could The HBO Documentary Kill The Mystery?</a>
Why It Matters: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41121820/bernstein-raises-riot-platforms-price-target-to-22-maintains-outperform-rating">Bernstein</a> recently raised Riot Platforms&#8217; price target to $22, maintaining an &#8220;Outperform&#8221; rating. 
This optimistic outlook is based on Riot&#8217;s strategic focus on Bitcoin mining, extensive power capacity and positioning in the cryptocurrency market. Riot is currently constructing the world's largest Bitcoin mining data center in Corsicana, Texas, with a planned 1-gigawatt power capacity.
The news comes as rival miner Core Scientific released its <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41207085/whats-going-on-with-core-scientific-stock-monday">operations update</a> for September, showing it mined 345 bitcoin, which brings its year-to-date total to 5,621.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41209176/bitcoin-ethereum-dogecoin-climb-after-strong-jobs-data-nvidias-gpu-sales-at-risk-as-china-">Bitcoin, Ethereum, Dogecoin Climb After Strong Jobs Data; Nvidia&#8217;s GPU Sales At Risk As China Pushes Local AI Chips In Retaliation &#8211; Top Headlines Today While US Slept</a></li>
</ul>
Image: Shutterstock

BITF

BTDR

Core Scientific, Inc. - Class A Common Stock

CORZ

RIOT

Riot Platforms Explores AI Opportunities While Staying Focused On Bitcoin Mining

Macro Notification

General

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

White House Says Biden And Israel's Herzog In Call Monday Reaffirmed Commitment To Achieving Deal In Gaza To Bring Hostages Home, Secure Israel And Alleviate Suffering Of Palestinians

Allstate shares are trading lower amid uncertainty in the insurance sector due to Hurricane Helene.

Duckhorn Portfolio (NAPA – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Lauren Li...

Hold Rating on Duckhorn Portfolio Amid Market Uncertainties and Industry Outlook

Catalyst Watch: Tesla's Robotaxi reveal, AI events for Nvidia, AMD, and HP Enterprise

Wall Street Breakfast: The Week Ahead

Earnings week ahead: JPMorgan, Wells Fargo, PepsiCo, Delta Air Lines, and more

Today, several major companies are expected to report earnings: Duckhorn Portfolio (NAPA). Ahead of earnings, TipRanks shows you the expected earni...

Options Volatility and Implied Earnings Moves Today, October 07, 2024

This week, several major companies will be reporting earnings. Among them are JPMorgan Chase & Co. (JPM), Delta Air Lines (DAL), PepsiCo (PEP), Wel...

Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024

Duckhorn Portfolio Non-GAAP EPS of $0.14 beats by $0.04, revenue of $107.4M beats by $2.6M

Duckhorn Portfolio to be acquired by Butterfly in $1.95B all-cash deal

Butterfly Equity to buy The Duckhorn Portfolio in all-cash deal for about $1.95B take private deal

Butterfly Equity to buy The Duckhorn Portfolio in all-cash deal for about $1.95B

ABNB

ACCD

AEHR

AGYS

ALKS

APLD

BIDU

BSET

BSVN

BYND

BYRN

CAPR

CELH

COST

DOGZ

EDUC

ETWO

EVGR

EVRI

FLUT

FNGR

GDRZF

GSAT

GWRE

HELE

HIFS

ILMN

IMMP

LOOP

MYGN

NAPA

NEOG

NRIX

NVDA

NVNO

RELL

SAVA

SITC

SMAR

STBX

TLRY

TSLA

UBER

UPXI

USGO

VLGEA

VLKAF

VOXX

VSTO

VTNR

WAFD

WKEY

ZLDPF

Press Releases

The Duckhorn Portfolio Announces Fiscal Third Quarter 2024 Financial Results

The Duckhorn Portfolio Announces an Enhanced Distribution Relationship with Johnson Brothers

The Duckhorn Portfolio to Report Fiscal Fourth Quarter and Full Year 2024 Financial Results on October 7, 2024

Butterfly to Acquire Premier North American Luxury Wine Company The Duckhorn Portfolio in $1.95 Billion Transaction

The Duckhorn Portfolio Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Shareholder Alert: Ademi LLP Investigates Whether the Duckhorn Portfolio Is Obtaining a Fair Price for Its Public Shareholders

NAPA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The Duckhorn Portfolio, Inc. Is Fair to Shareholders

NAPA Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of The Duckhorn Portfolio to Butterfly Equity

NAPA Merger News: Johnson Fistel Investigates Duckhorn and its Directors and Management Following Sale

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates B, NAPA, VIRI on Behalf of Shareholders

VIRI

Brown Forman Inc Class A Common Stock

Brown Forman Inc Class B Common Stock

Diageo

Eastside Distilling

Innovation Beverage Group Limited - Ordinary Shares

Innovation Beverage Group

MGP Ingredients

Splash Beverage Group, Inc. (NV) Common Stock

Splash Beverage Group

Constellation Brands

Fresh Vine Wine

Willamette Valley Vineyards, Inc. - Common Stock

Willamette Valley

Barclays

Citigroup

BMO Capital

RBC Capital

Wedbush

Duckhorn Portfolio shares are trading higher after the company reported better-than-expected Q4 financial results. Also, the company announced it entered into a definitive agreement to be acquired by private equity funds managed by Butterfly Equity.

Comments

Duckhorn Portfolio

Intérêt court

Duckhorn Portfolio (NYSE:NAPA) Stock, Rapport sur les intérêts à découvert

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL