the share market

Earlier today, we highlighted that while the FANG stocks have been flying lately, short interest for them has not. One name that has been flying lately where short interest remains high relative to most other stocks is Tesla (NASDAQ:TSLA). As shown in the chart below, as the company’s stock price moves toward $300 per share, more than a quarter of the stock’s float is still shorted. Tesla CEO and founder, Elon Musk, poured some salt in the wounds of the shorts yesterday when he tweeted that there’s “Stormy weather in shortville.”

While it has been painful to be short TSLA in the last several months, even here, short interest as a percentage of the float for the stock is near the lowest levels it has been since the company came public. In early 2016, for example, short interest as a percent of float was close to 35% for TSLA, while five years ago it was closer to 50%. It may be stormy, but it could have been a lot stormier.

the share market: Nobilis Health Corp.(HLTH)

Advisors’ Opinion:

  • [By Monica Gerson]

    Nobilis Health Corp (NYSE: HLTH) is expected to report its quarterly earnings at $0.19 per share on revenue of $91.92 million.

    Avid Technology, Inc. (NASDAQ: AVID) is estimated to post its quarterly earnings at $0.36 per share on revenue of $144.02 million.

the share market: Talisman Energy Inc.(TLM)

Advisors’ Opinion:

  • [By Jayson Derrick]

    On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.

the share market: Cliffs Natural Resources Inc.(CLF)

Advisors’ Opinion:

  • [By Lisa Levin]

    Basic materials sector was the top gainer in the US market on Monday. Top gainers in the sector included Haynes International, Inc. (NASDAQ: HAYN), Cliffs Natural Resources Inc (NYSE: CLF), and Olympic Steel, Inc. (NASDAQ: ZEUS).

  • [By Lisa Levin]

    Basic materials shares rose by 0.74 percent in the US market on Friday. Top gainers in the sector included AK Steel Holding Corporation (NYSE: AKS), Cliffs Natural Resources Inc (NYSE: CLF), and United States Steel Corporation (NYSE: X).

  • [By Lisa Levin]

    Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.

the share market: Koppers Holdings Inc.(KOP)

Advisors’ Opinion:

  • [By Monica Gerson]

    Koppers Holdings Inc. (NYSE: KOP) is estimated to report its quarterly earnings at $0.09 per share on revenue of $364.50 million.

    DENTSPLY SIRONA Inc (NASDAQ: XRAY) is expected to report its quarterly earnings at $0.63 per share on revenue of $734.75 million.

the share market: Xenon Pharmaceuticals Inc.(XENE)

Advisors’ Opinion:

  • [By Lisa Levin]

    Xenon Pharmaceuticals Inc (NASDAQ: XENE) shares dropped 51 percent to $4.80 after the company disclosed that XEN801 did not meet efficacy endpoints in Phase 2 trial.

  • [By Jim Robertson]

    Yesterday, our Under the Radar Moversnewsletter suggested going long on small cap biopharmaceutical stock Xenon Pharmaceuticals Inc (NASDAQ: XENE):

  • [By Lisa Levin]

    Xenon Pharmaceuticals Inc (NASDAQ: XENE) shares dropped 53 percent to $4.68 after the company disclosed that XEN801 did not meet efficacy endpoints in Phase 2 trial.

  • [By Jim Robertson]

    On Monday, our Under the Radar Moversnewsletter suggestedgoing long on small cap orphan biopharmaceutical stock Xenon Pharmaceuticals (NASDAQ: XENE):

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