Short interest for Pond Technologies Hldgs gives investors a sense of the degree to which investors are betting on the decline of Pond Technologies Hldgs's stock. Short interest data is updated every two weeks.

Pond Technologies Hldgs Stock (OTC:PNDHF), Short Interest Report

Pond Technologies Holdings Inc offers an algae-growing platform, which converts carbon dioxide (CO2) into algal-based commercial products. Its algae-growing platform converts the CO2 found in the untreated stack gas of industrial emitters into biofuels, animal feeds, and natural fertilizers. The Company has three reportable segments, one of which is the Nutraceutical Products segment, which includes production and consumer sales, third-party product operations, and distribution. The Technology Services segment includes royalties, microalgal biomass production, consulting, engineering services, construction of biomass production facilities, and corporate services.

Penny Stocks

PNDHF


  By M. Marin

OTCQB:PNDHF | TSX.V:POND

READ THE FULL PNDHF RESEARCH REPORT

PNDHF: Insider Participation in Private Placement Underscores Management&#39;s Confidence in Company Prospects

News

Emerging Markets

Markets

Tech

General

KDSKF

The latest estimates put annual global methane emissions at 580 million tonnes (Mts) per year, creating atmospheric concentrations that are 2½ times denser than preindustrial levels.

Slashing Methane Emissions 30% By 2030 Could Be Key To Achieving Net Zero Targets — Here&#39;s What AgTech Companies Are Doing To Help

PNDHF: Pipeline Expanding; Positive Implications for Technology Applications &amp; Growth

POND TECHS HLDGS INC by Pond Technologies Hldgs Inc.

Pond Technologies Holdings Inc

Wells Fargo analyst Daniel Politzer maintains Red Rock Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) with a Overweight and lowers the price target from $66 to $63.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on Red Rock Resorts, Lowers Price Target to $63

WIIM

Broadridge shares are trading lower after the company reported worse-than-expected Q3 financial results and issued guidance.

The Hain Celestial Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) shares are trading higher in the&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">morning session on Wednesday.</a>
The company reported third quarter adjusted earnings per share&nbsp;of&nbsp;13 cents,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38695411/hain-celestial-reports-fiscal-third-quarter-2024-financial-results" rel="noreferrer noopener">beating the analyst consensus of 7 cents</a>.&nbsp;
Quarterly revenues of $438.358 million missed the street view of $463.39 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">falling 3.7% year over year.</a>
North America net sales in the quarter were $268.1 million, down 6.5% year over year. International net sales in the quarter grew 1.0% year-over-year to $170.3 million.
Snacks category net sales in the quarter were $111.2 million, down 0.4%, while Baby &amp; Kids category net sales&nbsp;in the quarter&nbsp;were $64.3 million, down 4%. Meal Prep category net sales in the third quarter were $165.7 million, down 2.1%&nbsp;year over year.
Adjusted gross profit margin was 22.3%, a 90-basis point increase from the prior year&nbsp;period.
Adjusted EBITDA was up 17.5% year-over-year to $43.8 million, while adjusted EBITDA margin was 10%, a 180-basis point increase compared to the prior year period.
Total debt at the end of the fiscal third quarter was $777.5 million, down from $828.7 million at the beginning of the fiscal year.
Outlook:
For FY24, organic net sales&nbsp;are expected&nbsp;to decline 3% to 4% year over year&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(prior view: growth of approximately 1%)</a>.
Adjusted EBITDA&nbsp;is expected&nbsp;to be between $150 million-$155 million (<a target="_blank" href="https://www.benzinga.com//node/36976832" rel="noreferrer noopener">prior view</a>:&nbsp;$155 million-$160 million).
Free cash flow guidance&nbsp;is reaffirmed&nbsp;and expected to be $40 million to $45 million, the company said.
Price Action:&nbsp;HAIN shares are trading higher by 7.36% to $7.15 at last check Wednesday.&nbsp;

Earnings

Equities

Guidance

Movers

HAIN

Hain Celestial +7% After Q3 Earnings: Read Why

Wedbush analyst David Chiaverini reiterates Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Outperform and maintains $70 price target.

Reiteration

Wedbush Reiterates Outperform on Western Alliance, Maintains $70 Price Target

Wells Fargo analyst Ike Boruchow maintains RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) with a Equal-Weight and raises the price target from $2 to $4.

REAL

Wells Fargo Maintains Equal-Weight on RealReal, Raises Price Target to $4

Telefonica Brasil shares are trading lower after the company reported Q1 financial results.

Waiting for interest rates to drop before buying a house could backfire if you wait too long.
Real estate entrepreneur and "Shark Tank" star <a href="https://www.benzinga.com/real-estate/23/12/36283682/why-shark-tank-investor-barbara-corcorans-golden-rule-of-real-estate-investing-may-not-work-for-you">Barbara Corcoran</a> said the market will experience a major shift as soon as rates drop.
"The minute those interest rates come down, all hell's going to break loose, and the prices are going to go through the roof," Corcoran told Fox Business. "It's going to be a signal for everybody to come back out and buy like crazy, and the house prices [will likely] go up by 20%. We could have COVID [market] all over again."
Don't Miss:
<ul>
<li>Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-invest in them <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">with Jeff Bezos and other notable investors for only $100</a>.</li>
<li>New York is the second financial capital in the US' history. Now a third one is emerging and <a href="https://www.benzinga.com/money/cityfunds-yield">investing in its booming real estate market</a> takes as little as $500 and a few clicks.  </li>
</ul>
But for now, people are staying put and creating a "bottleneck" in the market because homeowners don't want to take on the higher interest rates they'd have to pay if they take out a new loan to buy a house.
Because of high interest rates, buyers are getting half the house they would get for the money two years ago.
"And buyers are too afraid [to buy] because they are getting less house [for the price]," she said. "So you've got a standoff going on. But things are changing."
Corcoran doesn't predict a major housing market crash like the one that happened in 2008 because people have cash in the market and aren't overleveraged. She also noted that while home prices nationally experienced their annual decline in 11 years, that's not the case in every market. In South Florida, one of the nation's hottest housing markets, prices continue to rise, but they're dropping in the coastal markets.
Trending:
<ul>
<li>Elon Musk, Ken Griffin and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. <a href="https://www.benzinga.com/money/cityfunds-yield">Investing in its booming real estate market has never been more accessible</a>. </li>
</ul>
"In the coastal areas, prices are going down because houses are just so not affordable," she said. "But if you look in the Southwest, prices are going up. You have some cities where prices are rebounding by 20% in six months."
<a href="https://www.benzinga.com/news/23/09/34287522/how-one-coat-helped-barbara-corcoran-build-a-real-estate-empire">Commercial real estate</a> is a different story than the housing market, and Corcoran said she thinks it will be a long time before it rebounds because people have not returned to the office.
"Our best offices in midtown Manhattan are 50% occupied, and in most major cities, and even secondary cities, we have a 20% vacancy rate," she said. "No one wants to take that chance. I think it's going to be a bit of a bloodbath before it gets better."
Read Next:
<ul>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">Become a Landlord with $100</a>.</li>
</ul>

Real Estate

Barbara Corcoran Warns Waiting Too Long To Buy A House Could Cost You 20% More

Wedbush analyst Laura Chico reiterates Vigil Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ">VIGL</a>) with a Outperform and maintains $22 price target.

VIGL

Wedbush Reiterates Outperform on Vigil Neuroscience, Maintains $22 Price Target

Wedbush analyst Laura Chico maintains Denali Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNLI#NASDAQ">DNLI</a>) with a Outperform and lowers the price target from $31 to $30.

DNLI

Wedbush Maintains Outperform on Denali Therapeutics, Lowers Price Target to $30

Maxim Group analyst Tom Forte maintains Vivid Seats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEAT#NASDAQ">SEAT</a>) with a Buy and raises the price target from $7 to $9.

SEAT

Maxim Group Maintains Buy on Vivid Seats, Raises Price Target to $9

By <a href="https://elplanteo.com/author/lucia-tedesco/" target="_blank">Luc&iacute;a Tedesco</a> via <a href="https://elplanteo.com/prensado-madonna-rio-brasil/" target="_blank">El Planteo</a>
<a href="https://elplanteo.com/prensado-madonna-rio-brasil/">Prensadonna</a>? What is that, a new drug? No, it was the clever way drug <a href="https://elplanteo.com/snoop-dogg-dealers-marihuana-mundo/">dealers</a> in Brazil chose to sell marijuana (actually, brick <a href="https://elplanteo.com/que-es-weed/">weed</a>, a form of pressed, usually low-quality cannabis) during the lead-up to <a href="https://elplanteo.com/madonna-inhalando-popper-en-vivo-de-tiktok-mira-el-video/">Madonna</a>&#39;s free concert in Rio de Janeiro.
The queen of pop revolutionized the Brazilian audience with her arrival. The performer drew more than one and a half million people to Copacabana Beach, for the closing of her &quot;Celebration Tour.&quot;
<h2>Madonna&#39;s Face On Brazilian Brick Weed</h2>
Beyond the humorous aspect of the &quot;prensadonna&quot; sold for BRL 40 (approximately $8), the Brazilian police launched an investigation into the illicit marketing strategy, where the singer&rsquo;s face appeared on <a href="https://elplanteo.com/cannabis/">cannabis</a> packages that were sold before the show.
<blockquote class="twitter-tweet">&#127807;&#547449416577527; PRENSADONNA: El nombre del porro que vend&iacute;an en R&iacute;o de Janeiro para el show de Madonna <a href="https://t.co/CKLNissE8n">pic.twitter.com/CKLNissE8n</a>
&mdash; El Planteo &#127793; (@elplanteo) <a href="https://twitter.com/elplanteo/status/1788209599935402434?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>According to R Lagos Noticias, authorities requested that &quot;any information on narcotics activity be immediately reported to assist with the investigations and keep the area free of criminal activity.&quot;
Regarding the concert itself, the artist had 26 outfit changes and a spectacular stage setup. The event raised more than BRL 20 million and saw a massive turnout. The day was filled not only with marijuana, music and performance but also saw Madonna, as political as ever throughout her career, paying tribute to several public figures, including Marielle Franco, a city councilwoman murdered in 2018, whose case remains open.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Madonna_-_Celebration_Tour_Antwerp_Sportpaleis_22_10_2023_%2853288414615%29.jpg">Wikimedia Commons</a>, edited by Javier Hasse.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Cannabis

Travel

How Madonna's Face Ended Up On Brazilian Brick Weed Packaging Ahead Of Her Huge Concert In Rio

CZOO

Cazoo Shares Halted On Code News Pending

Maxim Group analyst Allen Klee maintains Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) with a Buy and raises the price target from $8 to $9.

RYDE

Maxim Group Maintains Buy on Ryde Group, Raises Price Target to $9

Luminar Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) shares are trading higher Wednesday following the company&#8217;s first-quarter earnings results. Luminar also announced that Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was its biggest LiDAR customer <a href="https://www.benzinga.com/pressreleases/24/05/b38681766/luminar-reports-first-quarter-2024-business-update-and-financials">in the first quarter</a>.
What To Know: After the market close on Tuesday, Luminar reported first-quarter revenue of $20.97 million, which missed the consensus estimate of $21.14 million, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company&#8217;s top-line results were up 45% on a year-over-year basis, but down 5% sequentially. 
Luminar reported a first-quarter adjusted earnings loss of 19 cents per share, which beat estimates for a loss of 20 cents per share. 
Operating cash flow was negative $81.2 million in the first quarter and free cash flow was negative $82.5 million. The company ended the quarter with $268.3 million in cash and liquidity, which includes marketable securities and a $50 million line of credit that has not been drawn upon. 
&#8220;Luminar&#8217;s New Era is here,&#8221; said Austin Russell, founder and CEO of Luminar. &#8220;The last decade has led to a defining moment for our company, and industry at large: Luminar has officially begun production for the first global consumer vehicle that will include our LiDAR as standard equipment.&#8221;
Although Luminar&#8217;s &#8220;new era&#8221; starts with Volvo, the company noted in a letter to shareholders that Tesla was actually the company&#8217;s biggest LiDAR customer in the first quarter. Luminar said Tesla helped offset the company&#8217;s quarter-over-quarter sales decline with purchases representing more than 10% of total revenue in the quarter, which suggests Tesla spent more than $2 million buying LiDAR from Luminar in the first quarter.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38699562/ubers-bottomline-takes-a-hit-despite-revenue-uptick-stock-tanks">Uber&#8217;s Profit Takes A Hit Despite Revenue Uptick, Stock Tanks</a>
Outlook: Luminar noted that second-quarter revenue could potentially be lower than the first quarter as the current work-phase for two non-series production customer contracts was successfully completed recently and terms for the next phase are being finalized. 
Luminar said it continues to expect to achieve a quarterly run rate of revenue in the mid-$30 million range in the second half of the year. The company also anticipates strong growth in sensor sales and revenue in the second half of the year as it ramps production. 
LAZR Price Action: <a href="https://www.benzinga.com/quote/LAZR">Luminar shares</a> were up 12.7% at $1.85 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Luminar.

LAZR

TSLA

Luminar Technologies Stock Jumps On Earnings As Company Reveals Tesla Was Biggest Customer In Q1

Wedbush analyst Laura Chico reiterates Gossamer Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOSS#NASDAQ">GOSS</a>) with a Outperform and maintains $4 price target.

GOSS

Wedbush Reiterates Outperform on Gossamer Bio, Maintains $4 Price Target

The Russian government has issued a stern warning to France, stating that any French troops deployed to Ukraine will be considered legitimate targets by the Russian military.
What Happened: On Wednesday, Russia communicated to France that any troops sent by President Emmanuel Macron to Ukraine would be seen as legitimate targets by the Russian military, Reuters reported.
President Macron stirred the pot in February by not ruling out the possibility of deploying ground troops in Ukraine. He warned that a Russian victory in Ukraine would significantly weaken Europe&#8217;s credibility.
Russian Foreign Ministry Spokeswoman Maria Zakharova reacted to Macron&#8217;s statements, stating, &#8220;Macron himself explains this rhetoric with the desire to create some kind of &#8216;strategic uncertainty&#8217; for Russia.&#8221; 
&#8220;We have to disappoint him &#8211; for us the situation looks more than certain.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38635067/elon-musk-says-robert-de-niro-is-so-out-of-touch-its-insane-after-legendary-actor-compares-trump-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Robert De Niro Is &#8216;So Out Of Touch, It&#8217;s Insane&#8217; After Legendary Actor Compares Trump To H</a>
Zakharova also warned, &#8220;If the French appear in the conflict zone, they will inevitably become targets for the Russian armed forces. It seems to me that Paris already has proof of this.&#8221;
She also noted that Russia has observed an increase in the number of French nationals among those killed in Ukraine.
On Monday, Russia announced plans to conduct a tactical nuclear weapons exercise, following perceived threats from France, Britain, and the United States.
Why It Matters: This latest warning from Russia follows a series of escalating tensions between the two nations. In February, Russia warned of a<a href="https://www.benzinga.com/news/24/02/37359738/russia-warns-of-direct-confrontation-over-macrons-proposal-for-nato-presence-in-ukraine"> direct confrontation following Macron&#8217;s proposal</a> for a NATO presence in Ukraine. Macron&#8217;s suggestion sparked division among European leaders and triggered a stern response from the Kremlin.
Earlier this month, Russia announced plans to carry out a <a href="https://www.benzinga.com/news/24/05/38639765/russia-plans-tactical-nuclear-weapons-exercise-as-response-to-western-provocative-statements-and-thr">military exercise involving tactical nuclear weapons</a>, perceived as a response to escalating threats from Western nations, including France. The exercise was ordered by President Vladimir Putin and designed to test the combat readiness of non-strategic nuclear forces.
Read Next: <a href="https://www.benzinga.com/news/24/05/38635052/house-minority-leader-hakeem-jeffries-warns-of-dire-consequences-for-womens-reproductive-rights-if-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">House Minority Leader Hakeem Jeffries Warns Of Dire Consequences For Women&#8217;s Reproductive Rights If Trump Wins 2024: &#8216;If Roe V. Wade Can Fall, Anything Can Fall&#8217;</a>
Photo by Bumble Dee on Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Politics

Russia Issues Stern Warning To France Over Army Deployment In Ukraine: 'They Will Inevitably Become Targets'

Maxim Group analyst Michael Diana maintains PaySign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYS#NASDAQ">PAYS</a>) with a Buy and raises the price target from $5.5 to $6.

PAYS

Maxim Group Maintains Buy on PaySign, Raises Price Target to $6

Wedbush analyst Robert Driscoll reiterates Arvinas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) with a Outperform and maintains $57 price target.

ARVN

Wedbush Reiterates Outperform on Arvinas, Maintains $57 Price Target

Buybacks

SGRP

SPAR Group Buys Back 1M Shares At $1.80 From Board Member William Bartels

Powell Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NYSE">POWL</a>) short percent of float has risen 20.14% since its last report. The company recently reported that it has 1.40 million shares sold short, which is 17.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.83 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>Powell Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715177722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Powell Industries 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 Powell Industries'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>, Powell Industries's peer group average for short interest as a percentage of float is 11.39%, 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

POWL

Looking Into Powell Industries's Recent Short Interest

Pond Technologies Holdings Inc. GAAP EPS of -C$0.01, revenue of C$1.31M

Commodities

Small Cap

Press Releases

Pond Technologies Announces Closing of Final Tranche of Non-Brokered Private Placement

Pond Technologies Announces the Engagement of Corton Capital to Assist with a Private Placement of up to $5.25 Million Convertible Debentures and  Extension of Crystal Wealth Loan