Option chain shows key data for Nano Magic's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Nano Magic.

Nano Magic (OTC:NMGX) Stock, Option Chain

Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces. The Majority of revenue is from the united states.

Nano Magic Inc

WIIM

TOVX

Theriva Biologics shares are trading higher after the company announced it received a notice of allowance for U.S. Patent Application No. 18.534,962 titled "Microbiome Protection from Oral Antibiotics."

Jet.AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares rocketed on Tuesday after the company disclosed the launch of &#8220;Ava,&#8221; an advanced AI model designed <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42668636/jet-ai-launches-ava-agentic-ai-model-for-private-jet-booking" rel="noreferrer noopener">to streamline private jet bookings</a>.
The AI delivers personalized, efficient service, catering to both seasoned flyers and first-time travelers, enhancing convenience and accessibility in private aviation.
Ava offers real-time aircraft availability, transparent pricing, and expert recommendations to help customers choose the ideal jet, the company said.
Users can interact with Ava through SMS for a conversational booking experience, receive trip details, and receive a direct link to the CharterGPT app for seamless management.
Mike Winston, Founder and Exec Chair of&nbsp;Jet.AI said, &#8220;Because of the high dollar price and unique aspects of private travel, we are committed to having a human in the loop. But the later in the booking process that happens, the better our productivity.&#8221;
&#8221;In all our tests Ava has been a champion, always poised, well informed and on point. The next step for the company is to ask Ava to begin calling charter operators to confirm availability and pricing.&#8221;
Jet.AI began pre-sales for fractional ownership interests in its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42459920/jet-ai-commences-pre-sales-of-cessna-citation-cj4-gen2-fractional-jet-ownership-program" rel="noreferrer noopener">upcoming Cessna Citation CJ4 Gen2 aircraft</a> this month.
This follows the company&#8217;s initial order with Textron Aviation Inc. for CJ4 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g42136976/jet-ai-signs-agreement-on-cessna-citation-cj4-gen2-fleet-order-from-textron-aviation-for-fractiona" rel="noreferrer noopener">aircraft on November 22, 2024</a>.
Price Action: JTAI shares are up 120.18% at $7.53 at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42668333" target="_blank" rel="noreferrer noopener">Tesla Model X, Lucid Gravity Or Rivian R1S: Which Three-Row Electric SUV Is A Better Buy?</a></li>
</ul>

Equities

News

Small Cap

Movers

Tech

JTAI

Why Is Jet.AI Stock Trading Over 100% On Tuesday?

DocuSign's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NYSE">DOCU</a>) short percent of float has fallen 13.62% since its last report. The company recently reported that it has 11.73 million shares sold short, which is 6.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.62 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>DocuSign Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735062322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for DocuSign 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 DocuSign'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>, DocuSign's peer group average for short interest as a percentage of float is 2.95%, 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

Trading Ideas

DOCU

Peering Into DocuSign's Recent Short Interest

Baxter Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAX#NYSE">BAX</a>) short percent of float has fallen 3.35% since its last report. The company recently reported that it has 12.37 million shares sold short, which is 3.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.59 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>Baxter Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735062317_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baxter Intl 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 Baxter 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>, Baxter Intl's peer group average for short interest as a percentage of float is 3.52%, 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.

How Is The Market Feeling About Baxter Intl?

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has fallen 17.46% since its last report. The company recently reported that it has 2.12 million shares sold short, which is 1.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.18 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>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735062312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 3.29%, 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.

Looking Into Republic Servs's Recent Short Interest

MYNA

Mynaric AG shares are trading higher. The company announced it secured a $5 million bridge loan to meet immediate working capital needs.

RKLB

Rocket Lab shares are trading higher. The stock may be moving amid continued strength after the company yesterday announced that it completed its 16th successful mission of 2024.

FREYR Battery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>) shares are trading higher on Tuesday. The company closed its acquisition of Trina Solar's 5 GW solar module manufacturing facility in <a href="https://www.benzinga.com/pressreleases/24/12/b42667057/freyr-battery-closes-transformative-acquisition-of-trina-solars-u-s-manufacturing-assets" target="_blank" rel="noreferrer noopener">Wilmer, Texas, announced last month</a>.
The transaction includes $100 million in cash, a $50 million loan repayment, a $150 million loan note, and 9.9% of FREYR's stock, with a potential additional 11.5% stake through an $80 million convertible note. FREYR also assumed $235 million in facility debt.
The Wilmer, Texas, solar module plant is on track, with Line 1 completed and Line 2 commissioning underway. Full production is expected by the second half of 2025.
FREYR plans to begin U.S. solar cell facility construction in second quarter of 2025, with regulatory filings starting in the first quarter of 2025. Approximately 30% of the production volume is already secured through firm offtake agreements with U.S. customers.
FREYR also secured $50 million from Encompass Capital Advisors, with an additional $50 million contingent on the solar cell facility's construction.
This acquisition enhances FREYR's solar and battery capabilities, positioning it for growth in renewable energy.
Outlook: FREYR reiterated its 2025 EBITDA guidance of $75 million–$125 million, aiming for a<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41780382/freyr-battery-acquires-trina-solars-u-s-assets-in-340-million-deal-projects-strong-ebitda-growth-by" rel="noreferrer noopener"> $175 million–$225 million run rate by year-end</a>.
The company expects to achieve fully integrated operations to achieve an <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">annual EBITDA of $650 million–$700 million</a>.
Daniel Barcelo, FREYR's Chairman of the Board and CEO said, "We are grateful for the continued support of our shareholders, and we look forward to advancing our key objectives to create meaningful shareholder value and to enhance our competitive position in 2025, highlighted by the planned start of construction of our solar cell manufacturing facility and other project development opportunities that are emerging for FREYR and Trina to mutually pursue."
Last month, the company reported a third-quarter&nbsp;2024 EPS&nbsp;loss of $(0.20),&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41768580/freyr-battery-reports-third-quarter-2024-results" rel="noreferrer noopener">missing the consensus of $(0.18)</a>.
As of September 30, 2024, FREYR had cash, cash equivalents and restricted cash of $184.1 million.
Price Action: FREY shares are up 13.30% at $3.90 at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42668757" target="_blank" rel="noreferrer noopener">Zoom Communications, Lockheed Martin And More: CNBC's ‘Final Trades'</a></li>
</ul>
Photo Courtesy of Freyr Battery

FREY

What's Going On With FREYR Battery Stock On Tuesday?

LUNR

Intuitive Machines shares are trading higher. The stock may be moving on continued momentum after the company yesterday announced it has secured additional contracts from NASA's Near Space Network for Direct-to-Earth services.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$460.00</td>
<td>$63.2K</td>
<td>12.2K</td>
<td>40.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$227.50</td>
<td>$64.6K</td>
<td>1.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$135.00</td>
<td>$73.5K</td>
<td>2.1K</td>
<td>312</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$397.50</td>
<td>$40.0K</td>
<td>67</td>
<td>151</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$5250.00</td>
<td>$27.9K</td>
<td>50</td>
<td>117</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$92.00</td>
<td>$42.8K</td>
<td>94</td>
<td>107</td>
</tr>
<tr>
<td>OLLI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$115.00</td>
<td>$30.9K</td>
<td>230</td>
<td>27</td>
</tr>
<tr>
<td>ORLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$1200.00</td>
<td>$42.8K</td>
<td>2</td>
<td>10</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$165.00</td>
<td>$25.2K</td>
<td>9</td>
<td>7</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 101 contract(s) at a $460.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $63.2K, with a price of $625.0 per contract. There were 12228 open contracts at this strike prior to today, and today 40945 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on January 3, 2025. This event was a transfer of 168 contract(s) at a $227.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $385.0 per contract. There were 1548 open contracts at this strike prior to today, and today 1676 contract(s) were bought and sold. 
• For ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we notice a put option trade that happens to be bearish, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 300 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $73.5K, with a price of $245.0 per contract. There were 2143 open contracts at this strike prior to today, and today 312 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 100 contract(s) at a $397.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 67 open contracts at this strike prior to today, and today 151 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on December 27, 2024. Parties traded 112 contract(s) at a $5250.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $250.0 per contract. There were 50 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 67 contract(s) at a $92.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $42.8K, with a price of $640.0 per contract. There were 94 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• For OLLI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>), we notice a call option trade that happens to be neutral, expiring in 114 day(s) on April 17, 2025. This event was a transfer of 26 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $1190.0 per contract. There were 230 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold. 
• Regarding ORLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), we observe a put option trade with bearish sentiment. It expires in 143 day(s) on May 16, 2025. Parties traded 8 contract(s) at a $1200.00 strike. The total cost received by the writing party (or parties) was $42.8K, with a price of $5350.0 per contract. There were 2 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a put option sweep that happens to be bearish, expiring in 752 day(s) on January 15, 2027. This event was a transfer of 7 contract(s) at a $165.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $3600.0 per contract. There were 9 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

BKNG

OLLI

ORLY

TSLA

9 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KULR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.00</td>
<td>$44.0K</td>
<td>117</td>
<td>1.3K</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.66</td>
<td>$29.0K</td>
<td>5.6K</td>
<td>1.3K</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$260.00</td>
<td>$50.1K</td>
<td>1.4K</td>
<td>533</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$60.00</td>
<td>$35.2K</td>
<td>3.4K</td>
<td>439</td>
</tr>
<tr>
<td>NNE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$29.00</td>
<td>$28.6K</td>
<td>177</td>
<td>419</td>
</tr>
<tr>
<td>MVST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.00</td>
<td>$32.6K</td>
<td>3.1K</td>
<td>410</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$360.00</td>
<td>$32.4K</td>
<td>40</td>
<td>242</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$170.00</td>
<td>$47.7K</td>
<td>1.9K</td>
<td>175</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$92.5K</td>
<td>3.5K</td>
<td>157</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$13.00</td>
<td>$29.0K</td>
<td>347</td>
<td>154</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding KULR (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>), we observe a call option sweep with bearish sentiment. It expires in 59 day(s) on February 21, 2025. Parties traded 400 contract(s) at a $4.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $110.0 per contract. There were 117 open contracts at this strike prior to today, and today 1322 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a call option trade with bullish sentiment. It expires in 24 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $21.66 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 5666 open contracts at this strike prior to today, and today 1315 contract(s) were bought and sold. 
• Regarding FDX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on December 27, 2024. Parties traded 42 contract(s) at a $260.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $1195.0 per contract. There were 1442 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 200 contract(s) at a $60.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $176.0 per contract. There were 3426 open contracts at this strike prior to today, and today 439 contract(s) were bought and sold. 
• Regarding NNE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on January 3, 2025. Parties traded 185 contract(s) at a $29.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $155.0 per contract. There were 177 open contracts at this strike prior to today, and today 419 contract(s) were bought and sold. 
• Regarding MVST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>), we observe a call option trade with bullish sentiment. It expires in 388 day(s) on January 16, 2026. Parties traded 333 contract(s) at a $2.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $98.0 per contract. There were 3118 open contracts at this strike prior to today, and today 410 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a put option sweep that happens to be bullish, expiring in 38 day(s) on January 31, 2025. This event was a transfer of 32 contract(s) at a $360.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $1015.0 per contract. There were 40 open contracts at this strike prior to today, and today 242 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a call option trade that happens to be neutral, expiring in 59 day(s) on February 21, 2025. This event was a transfer of 30 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $47.7K, with a price of $1591.0 per contract. There were 1993 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option sweep with bearish sentiment. It expires in 388 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $10.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $92.5K, with a price of $924.0 per contract. There were 3541 open contracts at this strike prior to today, and today 157 contract(s) were bought and sold. 
• Regarding ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we observe a call option trade with bullish sentiment. It expires in 206 day(s) on July 18, 2025. Parties traded 100 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 347 open contracts at this strike prior to today, and today 154 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACHR

KULR

MVST

UBER

10 Industrials Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$140.00</td>
<td>$30.0K</td>
<td>118.7K</td>
<td>89.2K</td>
</tr>
<tr>
<td>BBAI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$3.50</td>
<td>$72.8K</td>
<td>1.2K</td>
<td>8.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$360.00</td>
<td>$25.6K</td>
<td>4.3K</td>
<td>8.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$32.00</td>
<td>$33.1K</td>
<td>10.2K</td>
<td>7.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$105.00</td>
<td>$39.6K</td>
<td>20.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$175.00</td>
<td>$41.5K</td>
<td>20.0K</td>
<td>4.0K</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$170.00</td>
<td>$198.0K</td>
<td>859</td>
<td>2.1K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$135.00</td>
<td>$2.7 million</td>
<td>301</td>
<td>2.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$275.00</td>
<td>$234.6K</td>
<td>5.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$35.2K</td>
<td>3.2K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 150 contract(s) at a $140.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $200.0 per contract. There were 118707 open contracts at this strike prior to today, and today 89227 contract(s) were bought and sold. 
• For BBAI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), we notice a call option sweep that happens to be bearish, expiring in 752 day(s) on January 15, 2027. This event was a transfer of 339 contract(s) at a $3.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $72.8K, with a price of $215.0 per contract. There were 1222 open contracts at this strike prior to today, and today 8144 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on December 27, 2024. Parties traded 30 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $855.0 per contract. There were 4375 open contracts at this strike prior to today, and today 8055 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on December 27, 2024. This event was a transfer of 125 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $265.0 per contract. There were 10275 open contracts at this strike prior to today, and today 7761 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 1280 contract(s) at a $105.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $31.0 per contract. There were 20058 open contracts at this strike prior to today, and today 4601 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be neutral, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 5 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $8305.0 per contract. There were 20026 open contracts at this strike prior to today, and today 4098 contract(s) were bought and sold. 
• Regarding AMAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), we observe a call option trade with bullish sentiment. It expires in 59 day(s) on February 21, 2025. Parties traded 200 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $198.0K, with a price of $990.0 per contract. There were 859 open contracts at this strike prior to today, and today 2120 contract(s) were bought and sold. 
• Regarding MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we observe a call option trade with bullish sentiment. It expires in 269 day(s) on September 19, 2025. Parties traded 2000 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $2.7 million, with a price of $1369.0 per contract. There were 301 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bearish, expiring in 87 day(s) on March 21, 2025. This event was a transfer of 237 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $234.6K, with a price of $990.0 per contract. There were 5143 open contracts at this strike prior to today, and today 1347 contract(s) were bought and sold. 
• For QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on January 17, 2025. This event was a transfer of 150 contract(s) at a $20.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $235.0 per contract. There were 3200 open contracts at this strike prior to today, and today 1281 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AMAT

AVGO

BBAI

MRVL

MSTR

NVDA

QUBT

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Roth MKM analyst Boobalan Pachaiyappan maintains Gain Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GANX#NASDAQ">GANX</a>) with a Buy and maintains $7 price target.

Price Target

Analyst Ratings

GANX

Roth MKM Maintains Buy on Gain Therapeutics, Maintains $7 Price Target

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate and MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor asserts that Bitcoin&#8217;s meteoric rise to over $100,000 has decisively proven its legitimacy and laid the groundwork for its potential ascent to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns#:~:text=could%20hit%20%2413%20million%20by,markets%20valued%20at%20%24125%20trillion.">$13 million per coin</a>.
In a <a href="https://www.youtube.com/watch?v=AhAia950nbo">podcast</a> with Tom Bilyeu published on Dec. 17, Saylor predicted Bitcoin will grow at an average annual rate of 29%, fueled by increasing institutional participation and broader educational initiatives aimed at demystifying the asset. 
He described Bitcoin as the world's first &#8220;perfect money&#8221; and the most efficient store of value ever engineered
Bitcoin&#8217;s volatility is a feature, not a flaw, stemming from its superior design as a monetary network, according to Saylor.
Education And Institutional Guidance
"Education and adoption go hand in hand," he explains, envisioning a future where Bitcoin becomes a mainstream <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow">financial asset akin to digital gold</a>.
Saylor emphasized the significance of institutional backing, such as BlackRock's recommendation to allocate 2% of portfolios to Bitcoin. He interprets this guidance as a milestone in Bitcoin's journey toward broader acceptance.
Corporate Strategies
Companies like MicroStrategy and Riot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) are leading the way in adopting the &#8220;Bitcoin standard&#8221; by recapitalizing their balance sheets with Bitcoin. 
Saylor views this trend as indicative of a long-term shift in corporate finance, where firms leverage Bitcoin&#8217;s appreciating value as a strategic reserve.
Strategic Reserve
Saylor also highlights the potential for Bitcoin to serve as <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42511716/bitcoin-as-neutral-reserve-asset-could-overhaul-financial-system-says-analyst">America&#8217;s strategic digital reserve</a>, citing <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42601193/senator-lummis-introduces-strategic-bitcoin-reserve-proposal">advocacy from political figures like Senator Cynthia Lummis</a> (R-Wyo.). He argues that Bitcoin's incorruptibility and robustness make it a compelling choice for nations seeking reliable economic reserves.
What's Next: Saylor compares Bitcoin's adoption to the inevitability of water flowing downhill due to gravity, predicting that as its advantages become increasingly evident, capital will naturally gravitate toward it.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42640181/microstrategys-michael-saylor-proposes-digital-assets-framework-for-us-advocates-bitcoin-reserve-capable-of-generating-1681-trillion-in-wealth">Michael Saylor Proposes US Digital Assets Framework, Backs Bitcoin Reserve Capable Of Generating $16–$81 Trillion In Wealth</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

RIOT

Michael Saylor Declares Bitcoin The World's First 'Perfect Money'

Pinnacle West Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) short percent of float has risen 3.52% since its last report. The company recently reported that it has 4.08 million shares sold short, which is 4.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.45 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>Pinnacle West Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735061420_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pinnacle West Capital 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 Pinnacle West Capital'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>, Pinnacle West Capital's peer group average for short interest as a percentage of float is 1.99%, 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.

How Is The Market Feeling About Pinnacle West Capital?

ConocoPhillips's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) short percent of float has fallen 42.71% since its last report. The company recently reported that it has 14.25 million shares sold short, which is 1.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.6 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>ConocoPhillips Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735061415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ConocoPhillips 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 ConocoPhillips'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>, ConocoPhillips's peer group average for short interest as a percentage of float is 7.50%, 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.

Peering Into ConocoPhillips's Recent Short Interest

Tomas Gorny didn't set out to be a billionaire. In fact, in 2001, he only wanted $5,000 a month to keep the lights on and his <a href="https://www.benzinga.com/real-estate/24/11/41977845/with-interest-rates-soaring-weekly-mortgage-demand-nosedives-11-a-warning-sign-for-the-real-estate-market">mortgage </a>paid. Fresh off losing nearly everything in the dot-com crash, the Polish immigrant had just $6,000 to his name and a simple dream: survival.
Fast-forward two decades, Gorny is the CEO and cofounder of Nextiva, a Scottsdale-based customer experience management firm valued at a staggering $2.7 billion. According to a company spokesperson, his personal net worth now surpasses $1 billion.&nbsp;
But the road to riches wasn't paved with shortcuts; instead, it was a master class in resilience, strategy and planning for the future.&nbsp;
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
</ul>
Gorny's journey began in 1996 when he cofounded Internet Communications, a website-hosting startup. Two years later, the company sold for $6 million in cash and stock. When the buyer, Interliant, went public in 1999, Gorny's shares briefly made him a multimillionaire. But the dot-com crash wiped out all but $6,000 of his fortune.
&#8220;I never looked at it like, ‘I need to make the [millions] back.' It wasn't important to me," Gorny says. Instead, he doubled down on what he knew best: building. In 2001, he launched Ipower, a platform designed to help people and businesses create websites.&nbsp;
The tech industry was in shambles, but the internet itself was booming – global users had grown from just 16 million in 1995 to over 500 million by 2001.
Gorny started small, prioritizing steady profitability over explosive growth. His early customers brought in just enough to keep the company afloat. However, as his products improved, the business eventually attracted hundreds of new users daily.&nbsp;
See Also: 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>
By 2007, Ipower was thriving and Gorny sold it to Endurance International for a reported $100 million. This strategic move gave both companies a competitive edge as giants like Google and Microsoft began dominating the market.
For Gorny, the sale wasn't about cashing out. "When you focus on building your business, your exit will be significantly better than you ever envisioned," he explains. That philosophy guided his next venture, Nextiva, which he cofounded in 2006.
Today, Nextiva is thriving in a customer experience management market projected to hit $70.2 billion by 2032, with a current CAGR of 17.5%, according to Fortune Business Insights.
Gorny's story echoes advice from fellow billionaire <a href="https://www.benzinga.com/startups/24/10/41418553/mark-cuban-calls-warren-buffetts-buy-and-hold-strategy-a-crock-which-billionaires-investment-style-a">Mark Cuban</a>: "If you have an exit strategy, it's not an obsession," Cuban wrote in Entrepreneur magazine. Looking back, Gorny says financial success is just validation that they've done something right and different.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Pentair's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) short percent of float has fallen 16.93% since its last report. The company recently reported that it has 2.01 million shares sold short, which is 1.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.74 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>Pentair Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735061410_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pentair 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 Pentair'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>, Pentair's peer group average for short interest as a percentage of float is 3.35%, 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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