Fintech Movers: $10 Bargains Breaking Out

U.S. stock futures edged down Friday as investors weighed the Federal Reserve’s next move on interest rates and continued to monitor rising geopolitical tensions in the Middle East.

As of 11:10 AM ET, the Dow was up 12.03 points, or 0.0285%, at $42183.7. The Nasdaq Composite lost -148.55 points, or -0.68%, at $21571.14. The S&P 500 declined -19.62 points, or -0.33%, at $5961.25. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Consumer Cyclical leading the way with a -1.14% decrease.

Meanwhile, market anxiety over the Israel-Iran conflict eased slightly after President Donald Trump said Thursday he would wait up to two weeks before deciding on potential military action. He emphasized his desire to leave “a substantial chance of negotiations” on the table, signaling a possible path to de-escalation.

Investors are now parsing these developments for clues on how they could impact inflation expectations, global oil supply, and the Fed’s policy outlook heading into the second half of the year.

Top Movers: Under $10 

Moving iMage Technologies Inc (MITQ) is up 50.88% today to trade at the current level of $0.83. This comes after the company announced a new agreement with an existing national cinema exhibition customer.

Innovative Eyewear Inc (LUCY) zoomed 81.19% in today’s trade to $4.13 after announcing that it is partnering with Smartech Retail Group, the operator of impressive tech departments in some of the world's most famous department stores.

In current trading, So-Young International Inc ADR (SY) stock is at $1.20 after announcing that it is amending the effective date for the previously announced plan for an ADS ratio change.

Jeffs Brands Ltd (JFBR) rose 13.63% in the early hours of today's trading to move at $7.38 after announcing that the TSX Venture Exchange has approved the acquisition by Impact Acquisitions Corp. (TSXV: IMPC.P), of 100% of the equity interests of Fort Products Limited, a wholly-owned U.K.-based subsidiary of Jeffs’ Brands, in exchange for an initial 75.02%, and up to an 83.29% contingent upon meeting predetermined milestones.

In the current trading session, Innoviz Technologies Ltd (INVZ) jumped 15.53% to $1.52 over a previous close of $1.32 after announcing a partnership with Cogniteam Ltd., the AIoT and robotics cloud platform.

Ex-Dividends Stocks

ArrowMark Financial Corp (BANX) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.45 per share. It has fixed June 23 as the record date for the same and will pay the actual dividend on June 27. Last year, the company distributed a total of $1.79 to its shareholders. Based on last year's worth of payments, BANX has a trailing yield of 8.47% on the current stock price of $21.08.

Another stock that is shelling out dividends on Monday is Heartland Express, Inc (HTLD), having a market capitalization of $678.71M. It will pay a dividend of $0.02 per share, the payment date of which is July 03. Currently, the stock is trading at a trailing dividend yield of 0.93%.

Shares of Resources Connection Inc (RGP) will be the talk of the stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.07 per share, and in the last 12 months, it paid a total of $0.42 per share. Last year's total dividend payments show that RGP has a trailing yield of 7.84% on the current share price of $5.36.

New York Mortgage Trust Inc (NYMT) is also set to go ex-dividend on Monday. The next dividend payment from NYMT will amount to $0.2 per share. June 23 has been designated as the record date for this dividend, with the actual payout scheduled for July 30. In the previous year, NYMT distributed a total of $0.80 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NYMT stands at 11.95% based on the current stock price of $6.69.

Hub Group, Inc (HUBG) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of June 23. Over the past 12 months, HUBG has paid out a total of $0.38 per share in dividends. Based on the total dividends paid out last year, HUBG boasts an impressive trailing yield of 1.14% on the current share price of $32.84.

Crypto Market Highlights

• Parataxis Holdings plans to launch a Bitcoin-native treasury platform in South Korea’s public market.

• Crypto boom in South Korea is largely fueled by economic desperation among the youth, with over 16 million crypto exchange users—over 30% of the population.

• TikTok denies allegations of purchasing US President Donald Trump’s official memecoin.

• Arizona’s Bitcoin reserve bill has been revived after the state Senate voted to reconsider the proposal.

• North Korean-linked hackers are targeting crypto job seekers with malware designed to steal crypto wallet and password manager credentials.

Most Shorted Stocks

Northern Oil and Gas Inc (NOG) was one of the most shorted stocks as of the latest short interest figures, with 19.88% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 10.5. This represents a change of -500000 shares, which corresponds to a -2.56% decrease in short interest. The total value of the shares held short is estimated to be around $593.79 million. The average daily volume stands at 1.90M shares, and the market capitalization of the company is $3.08B.

The Fluence Energy Inc with the symbol FLNC currently has a short interest of 13.98%. The short interest has changed by 2250000 shares. The days to cover ratio stands at 5.5. The estimated value of the shares held short is approximately $148.23 million. On an average day, 4.70M shares are traded, with the company's market capitalization totaling $1.07B.

For the stock Absci Corp (ABSI), the current short interest is at 22.01%. This represents a significant short interest change of 1610000 shares, corresponding to a short interest percentage increase of +7.02%. The days needed to cover the short positions amount to 7.9. The approximate worth of the shares held short is $68.68 million.

With the symbol TARS, the stock currently has a short interest of 23.01%. The short interest change is 290000 shares, compared with a short interest percentage change of +3.73%. It would take approximately 11.9 days to cover all the short positions. The shares' short value is estimated to be around $970.16 million. The company boasts an average daily volume of 678.21K shares, contributing to a market capitalization of $1.66B.

The stock VSAT has a current short interest of 20.02%. The short interest percentage has experienced a decrease of -3.70% while there was a change of -960000 shares in short interest. The ratio indicating the time required to cover short positions is 8.4. The calculated worth of the shorted shares amounts to around $109.03 million. Trading activity averages at 3.28M shares per day, while the company's market capitalization stands at $1.76B.

Energy Stocks to Watch

According to our ST Score evaluation, International Seaways Inc (INSW) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 67. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Scorpio Tankers Inc (STNG) as a high-quality Energy stock today, presenting a Score of 67. The stock has strong fundamentals in terms of profitability, financial strength, and Piotroski Score. The performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Dorian LPG Ltd (LPG) has the ST Score of 65, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score but weak in growth. Stock sentiment and forecast suggest a neutral outlook.

Teekay Tankers Ltd (TNK) stock has the ST Score of 65 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score, but its weaknesses lie in its growth. However, it shows neutral outlook in stock sentiment, and forecast.

DHT Holdings Inc (DHT) currently has the ST Score of 64, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, financial strength, and Piotroski Score. The stock's growth, stock sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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