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What's Going On With Innoviz Technologies Stock Monday?Citigroup's C short percent of float has risen 9.88% since its last report. The company recently reported that it has 33.55 million shares sold short , which is 1.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.99 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling 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: List of the most shorted stocks Citigroup Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Citigroup 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. Comparing Citigroup's Short Interest Against Its Peers 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 Benzinga Pro , Citigroup's peer group average for short interest as a percentage of float is 1.06%, 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? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

LyondellBasell Industries (NYSE:LYB) Given Average Rating of “Hold” by BrokeragesIn the latest quarter, 21 analysts provided ratings for Atlassian TEAM , showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 12 5 0 0 Last 30D 0 2 0 0 0 1M Ago 1 0 0 0 0 2M Ago 3 8 5 0 0 3M Ago 0 2 0 0 0 Analysts have set 12-month price targets for Atlassian, revealing an average target of $251.14, a high estimate of $350.00, and a low estimate of $200.00. Witnessing a positive shift, the current average has risen by 16.02% from the previous average price target of $216.47. Deciphering Analyst Ratings: An In-Depth Analysis A comprehensive examination of how financial experts perceive Atlassian is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Michael Turrin Wells Fargo Raises Overweight $350.00 $300.00 Jason Celino Keybanc Raises Overweight $315.00 $260.00 Brent Thill Jefferies Raises Buy $300.00 $280.00 Michael Turrin Wells Fargo Raises Overweight $300.00 $250.00 Jason Celino Keybanc Announces Overweight $260.00 - Adam Tindle Raymond James Raises Outperform $250.00 $200.00 Gregg Moskowitz Mizuho Raises Outperform $240.00 $200.00 Rob Owens Piper Sandler Raises Overweight $265.00 $225.00 Ittai Kidron Oppenheimer Raises Outperform $270.00 $230.00 Keith Bachman BMO Capital Raises Market Perform $255.00 $177.00 Nick Altmann Scotiabank Raises Sector Perform $250.00 $175.00 Joel Fishbein Truist Securities Raises Hold $200.00 $160.00 Rob Oliver Baird Raises Neutral $200.00 $175.00 Brent Thill Jefferies Raises Buy $280.00 $240.00 David Hynes Canaccord Genuity Raises Buy $255.00 $225.00 Karl Keirstead UBS Raises Neutral $205.00 $180.00 Gregg Moskowitz Mizuho Raises Outperform $200.00 $190.00 Keith Weiss Morgan Stanley Raises Overweight $224.00 $216.00 David Hynes Canaccord Genuity Raises Buy $225.00 $200.00 Adam Tindle Raymond James Announces Outperform $200.00 - Ittai Kidron Oppenheimer Maintains Outperform $230.00 $230.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Atlassian. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Atlassian compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Atlassian's stock. This comparison reveals trends in analysts' expectations over time. To gain a panoramic view of Atlassian's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table. Stay up to date on Atlassian analyst ratings. About Atlassian Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney. Financial Milestones: Atlassian's Journey Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity. Positive Revenue Trend: Examining Atlassian's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.48% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector. Net Margin: Atlassian's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -10.42%, the company may face hurdles in effective cost management. Return on Equity (ROE): Atlassian's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -12.01%, the company may face hurdles in generating optimal returns for shareholders. Return on Assets (ROA): Atlassian's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.43%, the company may face hurdles in achieving optimal financial returns. Debt Management: With a high debt-to-equity ratio of 1.21 , Atlassian faces challenges in effectively managing its debt levels, indicating potential financial strain. How Are Analyst Ratings Determined? Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

SANTA CRUZ, Calif. (AP) — Two people were rescued when a California pier under construction partially collapsed and fell into the ocean Monday as the state's central coast was pounded by heavy surf from a major storm expected to bring hurricane-force winds to the seas off the Pacific Northwest, authorities said. Residents were warned to stay away from low-lying areas near the beaches around the Santa Cruz Wharf, about 70 miles (112 kilometers) south of San Francisco, as the storm rapidly gained strength. “You are risking your life, and those of the people that would need to try and save you by getting in or too close to the water,” the National Weather Service's Bay Area office said on the social platform X. Lifeguards rescued two people from the water and a third person was able to swim to safety, officials with Santa Cruz Fire Department said. No one had serious injuries, Mayor Fred Keeley said. The mayor said the section of the wharf that collapsed had been damaged over time. The structure was in the middle of a $4 million renovation following destructive storms last winter. “It’s a catastrophe for those down at the end of the wharf," said David Johnston, owner of Venture Quest Kayaking, who was allowed onto the pier to check on his business. Tony Elliot, the head of the Santa Cruz Parks & Recreation Department, estimated that about 150 feet (45 meters) of the end of the wharf fell into the water around 12:45 p.m. It was immediately evacuated and will remain closed indefinitely. Some of the wharf’s pilings are still in the ocean and remain “serious, serious hazards” to boats, the mayor said. Each piling weighs hundreds of pounds and is being pushed by powerful waves. Gov. Gavin Newsom's has been briefed and the state's Office of Emergency Services is coordinating with local officials, his office said. Forecasters warned that storm swells will continue to increase throughout the day. “We are anticipating that what is coming toward us is more serious than what was there this morning,” the mayor said. Ocean swells along California's central coast could reach 60 feet (18 meters) as the Pacific storm gains strength through Monday, the weather service said. “A rapidly developing storm will bring hurricane force winds to the areas well offshore of the Pacific Northwest tonight,” the weather service's Ocean Prediction Center said on X. Winds off Oregon and Washington could peak near 80 mph (130 kph) and seas will build over 30 feet (9.1 meters), forecasters said. The end of the pier that broke off had been shut down during renovations. The portion, which included public restrooms and the closed Dolphin restaurant, floated about half a mile (0.8 kilometers) down the coast and wedged itself at the bottom of the San Lorenzo River. Those who fell into the water were two engineers and a project manager who were inspecting the end of the wharf, officials said. No members of the public were in the area. Building inspectors were now looking at the rest of the Santa Cruz Wharf’s structural integrity. Monday's collapse came about a year after the Seacliff State Beach pier just down the coast was battered beyond repair by a heavy winter storm. ___ Dazio reported from Los Angeles.Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets

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