💰 Hidden Gems? 5 Penny Stocks Skyrocketing Right Now!

US stocks were mixed on Monday, with the Dow Jones Industrial Average rising about 0.1%, the S&P 500 hovering around the flatline, and the Nasdaq Composite slipping 0.2% after last week’s record highs.

Investor sentiment was shaped by reports that Iran may reopen the Strait of Hormuz, though nuclear tensions remain unresolved, while oil markets stayed tight with Brent crude holding above $100 per barrel and WTI crossing $96 amid near-zero traffic through the key waterway.

Microsoft shares declined following news that its exclusive partnership and revenue-sharing agreement with OpenAI is ending.

Markets now turn to a crucial week ahead, featuring earnings from major tech companies and the Federal Reserve’s two-day meeting, where rates are widely expected to remain unchanged.

Top Movers: Under $10 

Youxin Technology Ltd (YAAS) is up 64.61% today to trade at the current level of $1.53. This comes after the company announced to strategically acquire YATOP worth $10.8 million shares to expand global TikTok ecosystem and digital commerce capabilities.

Sagimet Biosciences Inc (SGMT) zoomed 42.49% in today’s trade to $8.35 after announcing the pricing of $175.0 million underwritten offering of series A Common Stock.

In current trading, U.S. Energy Corp (USEG) stock is at $1.26 after announcing the execution of a five-year helium sales agreement with a global, investment-grade industrial gas company for the sale of contained helium to be produced at U.S. Energy’s Big Sky Carbon Hub in Montana.

RE/MAX Holdings Inc (RMAX) rose 22.03% in the early hours of today's trading to move at $9.75 after announcing a definitive agreement with The Real Brokerage Inc. (REAX), under which Real will acquire RE/MAX Holdings to create a leading technology-enabled global real estate platform named Real REMAX Group.

In the current trading session, Kaltura Inc (KLTR) jumped 17.58% to $1.5 over a previous close of $1.28. The company unveiled its avatar-powered roleplay solution for enterprise training and simulations.

Ex-Dividend Stocks

Fastenal Co (FAST) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.24 per share. It has fixed April 28 as the record date for the same and will pay the actual dividend on May 26. Last year, the company distributed a total of $0.90 to its shareholders. Based on last year's worth of payments, FAST has a trailing yield of 2.01% on the current stock price of $44.69.

Another stock that is shelling out dividends tomorrow is Prospect Capital Corp (PSEC), having a market capitalization of $1.33B. It will pay a dividend of $0.04 per share, the payment date of which is May 19. Currently, the stock is trading at a trailing dividend yield of 19.78%.

Shares of Cal-Maine Foods Inc (CALM) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.36 per share, and in the last 12 months, it paid a total of $7.95 per share. Last year's total dividend payments show that CALM has a trailing yield of 10.43% on the current share price of $76.24.

Entegris Inc (ENTG) is also set to go ex-dividend Wednesday. The next dividend payment from ENTG will amount to $0.1 per share. April 29 has been designated as the record date for this dividend, with the actual payout scheduled for May 20. In the previous year, ENTG distributed a total of $0.40 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ENTG stands at 0.26% based on the current stock price of $155.98.

MetroCity Bankshares Inc (MCBS) will be paying out a dividend of $0.29 per share to shareholders holding their shares as of the close of the business hours on the record date of April 29. Over the past 12 months, MCBS has paid out a total of $0.98 per share in dividends. Based on the total dividends paid out last year, MCBS boasts an impressive trailing yield of 3.11% on the current share price of $31.5.

Crypto Market Highlights

• Aave Labs proposed that the Arbitrum DAO unfreeze $73.5 million in Ether linked to the Kelp DAO attack and redirect it to “DeFi United” to restore rsETH and compensate affected holders.

• Michael Saylor, co-founder of Strategy, signaled a potential increase in Bitcoin holdings after sharing a chart showing 107 BTC purchases since 2020.

• The Ethereum Foundation unstaked 17,035 ETH (around $40 million) after nearing its 70,000 ETH staking goal, using Lido to process the withdrawal.

• Evan Tangeman was sentenced to 70 months in prison for his role in a crypto crime operation that stole $263 million, admitting to laundering at least $3.5 million.

• Donald Trump’s TRUMP memecoin dropped nearly 10% to about $2.67, despite a private event for top holders at Mar-a-Lago.

Most Shorted Stocks

Build A Bear Workshop Inc (BBW) was one of the most shorted stocks as of latest short interest figures, with 20.50% 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 7.8. This represents a change of -119795 shares, which corresponds to a -4.70% decrease in short interest. The total value of the shares held short is estimated to be around $93.69 million. The average daily volume stands at 405.78K shares, and the market capitalization of the company is $485.10M.

The Sable Offshore Corp with the symbol SOC currently has a short interest of 30.13%. The short interest has changed by 3612979 shares. The days to cover ratio stands at 6.5. The estimated value of the shares held short is approximately $383.46 million. On an average day, 6.08M shares are traded, with the company's market capitalization totaling $2.00B.

For the stock Advance Auto Parts Inc (AAP), the current short interest is at 19.25%. This represents a significant change in short interest of 966712 shares, corresponding to a 9.16% increase in short interest %. The days needed to cover the short positions amount to 8.8. The approximate worth of the shares held short is $670.42 million.

With the symbol BKSY, the stock currently has a short interest of 19.69%. The short interest change is 205539 shares, compared with a short interest percentage change of 3.01%. It would take approximately 2.8 days to cover all the short positions. The shares' short value is estimated to be around $389.83 million. The company boasts an average daily volume of 1.72M shares, contributing to a market capitalization of $1.26B.

The stock CHRS has a current short interest of 26.26%. The short interest percentage decreased by 3.06%, while short interest decreased by 921832 shares. The ratio indicating the time required to cover short positions is 16.8. The calculated worth of the shorted shares amounts to around $12.3 million. Trading activity averages at 1.79M shares per day, while the company's market capitalization stands at $269.88M.

Upcoming IPOs

BW Industrial Holdings Inc. (BWGC) is expected to debut on the NYSEAMERICAN exchange on April 28. The company will offer 2,625,000 shares at a price range of $6.00 to $7.00 per share, aiming to raise approximately $17.06M through its IPO.

Pershing Square Inc. (PS) is all set for its debut on the NYSE exchange on April 29. The shares will be offered at a fixed price of $50.00 per share. With a total of 33,120,000 shares available, the company aims to raise approximately $1.66B through this IPO.

Silver Bow Mining Corp. (SBMT) is also scheduled to make its debut on the NYSEAMERICAN on April 29. They are offering shares at a fixed price of $11.50. The IPO includes 4,347,828 shares, aiming for a deal size of $50.00M.

Avalyn Pharma Inc. (AVLN) is scheduled to launch its IPO on the NASDAQ exchange on April 30. The company plans to offer 11,800,000 shares in a price range of $16.00 to $18.00 per share, with an expected total raise of approximately $200.60M.

Encore Medical, Inc. (EMI) will also be going public on April 24 on the NYSEAMERICAN exchange. The offering includes 3,000,000 shares at a fixed price of $5, with the company targeting a deal size of around $15.00M through its IPO.

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

Best Regards,

Stocks Telegraph Team

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