Nasdaq Inc Stock Price, News & Analysis

Nasdaq has reported end-of-month short interest positions for its listed securities as of May 31, 2024. Total short interest across 3,059 Nasdaq Global Market securities reached 11.83 billion shares, up from 11.65 billion shares in 3,063 securities as of May 15, 2024. This represents an average daily volume of 3.54 days, compared to 3.15 days previously. Short interest in 1,695 Nasdaq Capital Market securities totaled 2.05 billion shares, up from 1.97 billion shares across 1,719 securities, averaging 1.00 day of daily volume, down from 1.61 days. Overall, short interest in all 4,754 Nasdaq securities totaled 13.89 billion shares, up from 13.62 billion shares in 4,782 securities, with an average of 1.73 days of daily volume, down from 2.77 days. This data reflects shares sold short by brokers/dealers across all affiliations.

On June 11, 2024, Nasdaq (NDAQ) held its Annual Meeting of Shareholders, announcing the election of all 12 nominated directors. Kathryn A. Koch, with over 20 years of asset management experience, joins as an independent director. Adena T. Friedman was re-elected as Chair of the Board. The elected directors will serve one-year terms. Other board members include executives from AT&T, General Electric, TCW Group, Thoma Bravo, Applied Materials, SEB, SAIC, InvestCloud, and Siris Capital Group. Shareholders also approved executive compensation and Ernst & Young LLP as the accounting firm for the fiscal year ending December 31, 2024. A proposal for special shareholder meeting improvements was not approved.

Nasdaq (NDAQ) reported its monthly trading volumes for May 2024. The data is available on its Investor Relations website. For detailed figures, visit the provided link.

Nasdaq (NDAQ) announced that its Chair and CEO, Adena Friedman, will present at the Piper Sandler Global Exchange & Trading Conference. The event is scheduled for June 5, 2024, at 8:00 AM ET. Ms. Friedman's presentation will be available via webcast on Nasdaq's Investor Relations website.

The conference is an opportunity for Nasdaq to engage with investors and stakeholders, providing insights into the company's strategic vision and performance. The webcast can be accessed at: ir.nasdaq.com/events.cfm.

The Nasdaq Stock Market announced the delisting of several companies' securities due to prolonged suspension. On February 28, 2024, RiskOn International Inc.'s common stock was suspended, followed by Graphjet Technology's warrants on March 15, 2024, and Agile Therapeutics Inc.'s common stock on March 26, 2024. NextPlay Technologies Inc.'s common stock was suspended on April 15, 2024, Relativity Acquisition Corp.'s Class A common stock, units, and warrants on May 2, 2024, iSun Inc.'s common stock on May 23, 2024, Ace Global Business Acquisition 's ordinary shares, warrants, and units on May 24, 2024, and Marpai Inc.'s Class A common stock on May 29, 2024. These delistings are effective immediately. For detailed Nasdaq rules, visit their website.

Nasdaq (NDAQ) has introduced new AI-powered features for its Nasdaq Boardvantage® Board Portal, hosted on Microsoft Azure. These enhancements aim to streamline board material summarization, providing strategic insights and actionable recommendations. This collaboration with Microsoft seeks to help governance teams save time and costs, enabling them to focus on critical initiatives. A Nasdaq survey revealed that 84% of board members expect increased scrutiny and time demands. By integrating generative AI capabilities, Nasdaq aims to automate labor-intensive governance tasks. The platform is available in Asia and is rolling out in North America, with plans for global expansion. Nasdaq will host a “Future of the Boardroom” virtual event on May 31, 2024, featuring discussions on trends and technologies in corporate governance.

Nasdaq (NDAQ) and FIA Tech have announced a partnership aimed at enhancing the efficiency and resilience of post-trade infrastructure within the exchange-traded derivatives market. The collaboration will involve integrating Nasdaq's Real-Time Clearing platform with FIA Tech's Trade Data Network, which standardizes and consolidates trade data from various sources. This integration is expected to reduce systemic inefficiencies, improve risk analysis, and enhance capital efficiency for over 8,000 FIA Tech members. The initiative seeks to address fragmentation in the post-trade industry, which currently faces challenges like non-standardized data and multiple points of reconciliation.

Nasdaq announced mid-month open short interest positions for Nasdaq stocks as of May 15, 2024. Short interest in 3,063 Nasdaq Global Market securities totaled 11.65 billion shares, a slight decrease from the previous period's 11.68 billion shares in 3,072 issues. This represents an average of 3.15 days to cover, down from 3.29 days. For the Nasdaq Capital Market, short interest in 1,719 securities totaled 1.97 billion shares, nearly unchanged from 1.97 billion shares in 1,721 securities previously. The average daily volume increased to 1.61 days from 1.37 days. Overall, short interest in all 4,782 Nasdaq securities amounted to 13.62 billion shares, slightly down from 13.66 billion shares in 4,793 issues, representing an average of 2.77 days to cover, up from 2.73 days. Short sales involve the sale of securities not owned by the seller and are typically completed by borrowing the securities.

The Nasdaq Stock Market announced the delisting of several companies: Better Therapeutics, Tritium DCFC, Arcimoto, Next.e.GO, Acutus Medical, and NeuBase Therapeutics.

These companies had their securities suspended on various dates between March 18, 2024, and May 13, 2024, and have not traded since their respective suspension dates. This action underscores the importance of adhering to Nasdaq's listing requirements.

For more detailed information, Nasdaq’s rules on delisting can be accessed on their official website.