📉 Markets Up... But Something Feels Off 🤔

US stocks edged higher on Monday as falling oil prices and cautious optimism over easing Middle East tensions supported market sentiment. The S&P 500 and Dow Jones Industrial Average each rose about 0.2%, while the Nasdaq Composite gained 0.3%, recovering earlier losses triggered by renewed threats from Donald Trump toward Iran.

Despite heightened geopolitical risks following the weekend destruction in the Gulf, investor confidence improved on reports of diplomatic efforts, including a proposed 45-day ceasefire and potential easing of the Strait of Hormuz blockade.

Meanwhile, oil prices pulled back, with Brent crude hovering near $108 per barrel and WTI slipping 0.5% to around $111, as markets weighed the prospects for de-escalation.

Top Movers: Under $10 

Profusa Inc (PFSA) is up 142.73% today to trade at the current level of $1.84. This comes after the company announced a strategic expansion into molecular diagnostics through a Letter of Intent to acquire the PanOmics™ multi-omics diagnostics platform from BioInsights LLC.

Agenus Inc (AGEN) zoomed 16.82% in today’s trade to $3.89 after announcing data from phase II study of BOT+BAL in combination with agent-797 in PD-1 refractory Gastroesophageal cancer to be presented at AACR 2026.

In current trading, Webuy Global Ltd (WBUY) stock is at $1.15 after announcing the successful launch of its AI-enabled Meetings, Incentives, Conferences, and Exhibitions division, which has generated over US$2 million in total transaction value within its first two months of operations since its launch in February 2026.

RenX Enterprises Corp (RENX) rose 20.79% in the early hours of today's trading to move at $2.44 after announcing that Zimmer Equipment Inc., its wholly-owned organic waste transport subsidiary, has renewed a service agreement with one of the largest waste management companies in North America.

In the current trading session, Playtika Holding Corp (PLTK) jumped 12.96% to $3.1 over a previous close of $2.74 after announcing that as part of the ongoing efforts of Playtika’s Board of Directors to enhance shareholder value, a Special Committee of the Board of Directors, comprised solely of independent directors, is conducting a comprehensive review and evaluation of strategic alternatives across its portfolio.

Ex-Dividend Stocks

Upbound Group Inc (UPBD) 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 $0.39 per share. It has fixed April 07 as the record date for the same and will pay the actual dividend on April 28. Last year, the company distributed a total of $1.56 to its shareholders. Based on last year's payments, SIGA has a trailing yield of 8.72% at the current stock price of $5.24.

Another stock that is shelling out dividends tomorrow is First Bancorp Inc (ME) (FNLC), having a market capitalization of $322.33M. It will pay a dividend of $0.37 per share, the payment date of which is April 17. Currently, the stock is trading at a trailing dividend yield of 5.14%.

Shares of Match Group Inc (MTCH) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.2 per share, and in the last 12 months, it paid a total of $0.76 per share. Last year's total dividend payments show that MTCH has a trailing yield of 2.42% on the current share price of $31.44.

Preferred Bank (Los Angeles, CA) (PFBC) is also set to go ex-dividend tomorrow. The next dividend payment from PFBC will amount to $0.8 per share. April 07 has been designated as the record date for this dividend, with the actual payout scheduled for April 21. In the previous year, PFBC distributed a total of $3.05 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PFBC stands at 3.34% based on the current stock price of $91.19.

Smithfield Foods, Inc (SFD) will be paying out a dividend of $0.31 per share to shareholders holding their shares as of the close of business hours on the record date of April 07. Over the past 12 months, SFD has paid out a total of $1.00 per share in dividends. Based on the total dividends paid out last year, SFD boasts an impressive trailing yield of 3.52% on the current share price of $28.37.

Crypto Market Highlights

• Michael Saylor hinted that his Bitcoin treasury firm has resumed its regular weekly Bitcoin purchases after a rare pause at the end of March, posting “Back to Work” ahead of a likely announcement.

• The National Bank of Rwanda warned that crypto payments and trading in the local currency remain illegal, following Bybit’s addition of Rwandan franc support on its P2P platform.

• The $280 million Drift Protocol hack was likely carried out by threat actors linked to North Korea–affiliated hacking groups.

• Iran’s attempt to block Telegram has backfired, as users continue to bypass restrictions, according to co-founder Pavel Durov.

• A Nevada judge has extended a ban on Kalshi’s event-based contracts, ruling they constitute unlicensed gambling under state law.

Most Shorted Stocks

Recursion Pharmaceuticals Inc (RXRX) was one of the most shorted stocks as of latest short interest figures, with 36.06% 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 12.7. This represents a change of 5620607 shares, which corresponds to a 3.34% increase in short interest. The total value of the shares held short is estimated to be around $541.57 million. The average daily volume stands at 18.78M shares, and the market capitalization of the company is $1.64B.

The SoundHound AI Inc with the symbol SOUN currently has a short interest of 35.61%. The short interest has changed by 9258481 shares. The days to cover ratio stands at 5.6. The estimated value of the shares held short is approximately $927.28 million. On an average day, 26.78M shares are traded, with the company's market capitalization totaling $2.87B.

For the stock indie Semiconductor, Inc. (INDI), the current short interest is at 31.06%. This represents a significant short interest change of 16,570,813 shares, corresponding to a short interest percentage increase of 33.81%. The days needed to cover the short positions amount to 6.7. The approximate worth of the shares held short is $162.63 million.

With the symbol GRPN, the stock currently has a short interest of 47.98%. The short interest change is 1,472,198 shares, compared with a short interest percentage change of 13.26%. It would take approximately 7.3 days to cover all the short positions. The shares' short value is estimated to be around $121.24 million. The company boasts an average daily volume of 1.25M shares, contributing to a market capitalization of $468.55M.

The stock LENZ has a current short interest of 32.99%. The short interest percentage has experienced an increase of 7.98%, while there was a change of 709922 shares in short interest. The ratio indicating the time required to cover short positions is 14.1. The calculated worth of the shorted shares amounts to around $121.62 million. Trading activity averages at 1.10M shares per day, while the company's market capitalization stands at $303.20M.

Upcoming IPOs

The Metals Royalty Company Inc. (TMCR) is set to debut on the NASDAQ exchange on April 08. The company will have a total of 55,061,113 shares available as it goes public.

Encore Medical, Inc. (EMI) is also scheduled to make its debut on the NYSEAMERICAN exchange on April 15. They are offering shares at a fixed price of $5.00. The IPO includes 3,000,000 shares, aiming for a deal size of $15.00M.

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

Best Regards,

Stocks Telegraph Team

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