Sable Offshore Corp (SOC) News & EventsSOCSable Offshore Corp

MiniMed Short Interest Rises to 102.9%

Welcome to this week's installment of "The Short Interest Report" - The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner, which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was up 1.3%, the Nasdaq Composite was up 1.2%, the Russell 2000 index was down 0.4%, the Russell 2000 Growth ETFwas down 1.2% and the Russell 2000 Value ETFwas flat in the five-day trading session range through October 8.SHORT INTEREST GAINERSAs profiled last week, Ortex-reported short interest in MiniMedhas been climbing steadily since mid-September as the stock price has continued to close its post-earnings gap higher on September 1st. This week, however, the bearish positioning increase to yet another record high was particularly pronounced. Short interest as a percentage of free float on MiniMed jumped from 78.6% to 102.9%, though days-to-cover fell from 12.5 to 10.5 as trading activity on the stock spiked. The stock was up about 1% in the five-day period covered, with shares of MiniMed still trading close to their initial IPO levels below $20 after topping $24 per share following Q4 results in early September.Ortex-reported short interest in Lovesactroughed around 24% in the final week of August and has been trending to the upside since. This week short interest as a percentage of free float increased from 30.4% to 34.2% - the highest level since late April. Days to cover on the name rose from 13.3 to 15.0 as trading volumes have dropped off over the past two weeks. Shares were up 2.5% in the five-day period through Thursday but inclusive of Friday's 2.6% slide, Lovesac is down about 4% year-to-date – middle of the pack among its furnishings and fixtures peers.Ortex-reported short interest in Sable Offshorehad tracked within the 32% to 34% range from mid-August through the final week of September as the stock price fell deeper below $5, but while the retreat in shares appears to have subsided this week, bears are betting on further downside. In the five-day period through Thursday, short interest as a percentage of free float rose from 36.9% to 41.3% - a two-month high. Days to cover was up a more modest margin from 5.7 to 5.9 – a three-month high. While the stock was up 17% this week, Sable has lost 59% year-to-date, though a constructive research note from William Blair earlier this week, speculating that the days of production and cash flow delays may be in the past, may help recast the outlook for this mixed-sentiment energy play.SHORT INTEREST DECLINERSShares of Replimunehad doubled overnight on July 30 following a positive FDA AdCom vote in favor of the company's experimental melanoma treatment RP1 and multiple subsequent sell-side upgrades. Bears, seeking some profit-taking from the extreme stock price jolt, boosted exposure from 33% to about 43% over the coming month, but with shares holding their gains, that thesis is being reconsidered. This week, Ortex-reported short interest on Replimune was down from 33.4% to 30.7% and days-to-cover on the name slipped from 5.5 to 5.1. Shares were off by 3.1% in the five-day period through Thursday but bounced by nearly 3% on Friday and now stand with a year-to-date gain of 38%.

Major U.S. Averages Rise on Jobs Data

The major averages ended the week on a high note as Treasury yields retreated following the September jobs data, which showed jobs growing well below forecasts and unemployment rising to 4.2%. Traders may see the weak jobs report raising hopes that the Fed will hold rates steady this month. Also helping stocks were oil prices falling nearly 2% as European countries agreed to release strategic fuel reserves following pressure from the Trump administration to boost supplies.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:U.S. nonfarm payrolls rose a lower-than-expected 29,000 in September, with the unemployment rate rising to 4.2%Nikereported upbeat Q1 results but provided a lower-than-expected outlook for FY27Onsemiand Synapticsannounced a revised merger agreementTeslareported Q3 deliveries ahead of estimates while Fordreported a 6.6% year-over-year decline in Q3 U.S. vehicle salesDavid Ellison said the combined Paramountand Warner Bros. Discoverywill be named "Skydance"2. WALL STREET CALLS:Edison Internationaldowngraded to Underperform from Hold at JefferiesKeyBanc upgraded Airbnbto Overweight, says growth increasingly durableAST SpaceMobiledowngraded to Neutral from Buy at B. RileyDaiwa upgrade HPEto Outperform after "bullish" networking eventNorthrop Grummandowngraded to Sector Perform from Outperform at RBC Capital3. AROUND THE WEB:The FAA determined that a new Boeing737 MAX software glitch doesn't pose a flight-safety issue, WSJ reportsBNYis in discussions with Payward, the parent company of crypto exchange Kraken, over a major partnership spanning digital assets and financial market infrastructure, CoinDesk reportsSoftBankhas completed its final $10B investment in its $30B commitment to OpenAI's latest funding round, while Nvidiaalso completed its final $10B investment, The Information reportsAmazonis looking to offload $8B of Nvidiachips to external customers via a new vehicle meant to strengthen its balance sheet, FT saysGoldman Sachshas purchased shares worth $220M in Shein following the retailer's stock market debut last month, FT reports4. MOVERS:Sable Offshoregained after JPMorgan initiated coverage of the stock with an Overweight ratingNNincreased after announcing a $50M private placement of stockApplied Digitalwas higher after achieving its Ready for Service for the second phase of Building 2 at its Polaris Forge 1 campusTarget Hospitalityfell after announcing an 11M share Block TradeRivianwas lower after producing 19,751 vehicles in Q35. EARNINGS/GUIDANCE:Taylor Devicesreported Q1 results, with EPS and revenue lower year-over-yearIntegra LifeSciencesreported preliminary Q3 results and cut its guidance for FY26Ruanyun Edai Technologyreported preliminary results for 1HPhillips Edisonbacked its guidance for FY26Algoma Steelprovided its outlook for Q3INDEXES:The Dow rose 250.40, or 0.49%, to 51,176.96, the Nasdaq gained 319.27, or 1.19%, to 27,190.86, and the S&P 500 advanced 56.27, or 0.73%, to 7,722.72.

Major Averages Rise as Jobs Data Shows Weak Growth; Nasdaq Up 1.09%

The major averages were higher near noon as Treasury yields retreated following the September jobs data, which showed jobs growing well below forecasts and unemployment rising to 4.2%. Traders may see the weak jobs report raising hopes that the Fed will hold rates steady this month. Also helping stocks are oil prices falling sharply as European countries release strategic fuel reserves following pressure from the Trump administration to boost supplies.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:U.S. nonfarm payrolls rose a lower-than-expected 29,000 in September, with the unemployment rate rising to 4.2%Nikereported upbeat Q1 results but provided a lower-than-expected outlook for FY27Onsemiand Synapticsannounced a revised merger agreementTeslareported Q3 deliveries ahead of estimates while Fordreported a 6.6% year-over-year decline in Q3 U.S. vehicle salesDavid Ellison said the combined Paramountand Warner Bros. Discoverywill be named "Skydance"2. WALL STREET CALLS:Edison Internationaldowngraded to Underperform from Hold at JefferiesKeyBanc upgraded Airbnbto Overweight, says growth increasingly durableAST SpaceMobiledowngraded to Neutral from Buy at B. RileyDaiwa upgrade HPEto Outperform after "bullish" networking eventNorthrop Grummandowngraded to Sector Perform from Outperform at RBC Capital3. AROUND THE WEB:SoftBankhas completed its final $10B investment in its $30B commitment to OpenAI's latest funding round, while Nvidiaalso completed its final $10B investment, The Information reportsAmazonis looking to offload $8B of Nvidiachips to external customers via a new vehicle meant to strengthen its balance sheet, FT saysGoldman Sachshas purchased shares worth $220M in Shein following the retailer's stock market debut last month, FT reportsBroadcom'sWall Street syndicate has begun gathering $60B of fresh AI chip financing, which will benefit Anthropic and others in the sector, Bloomberg saysJapan's Financial Services Agency is preparing to issue a three-month partial business suspension order against Prudential Life Insurance, Nikkei reports4. MOVERS:Sable Offshoregains after JPMorgan initiated coverage of the stock with an Overweight ratingNNincreases after announcing a $50M private placement of stockApplied Digitalhigher after achieving its Ready for Service for the second phase of Building 2 at its Polaris Forge 1 campusTarget Hospitalityfalls after announcing an 11M share Block TradeRivianlower after producing 19,751 vehicles in Q35. EARNINGS/GUIDANCE:Taylor Devicesreported Q1 results, with EPS and revenue lower year-over-yearIntegra LifeSciencesreported preliminary Q3 results and cut its guidance for FY26Ruanyun Edai Technologyreported preliminary results for 1HPhillips Edisonbacked its guidance for FY26Algoma Steelprovided its outlook for Q3INDEXES:Near midday, the Dow was up 163.16, or 0.32%, to 51,089.72, the Nasdaq was up 292.38, or 1.09%, to 27,163.98, and the S&P 500 was up 50.11, or 0.65%, to 7,716.56.