Massive Moves Under $10: Are These Stocks Just Getting Started?

U.S. stocks were mostly flat on Wednesday as investors awaited the Fed's expected first interest rate cut of 2025. The S&P 500 held steady, the Nasdaq dipped 0.1%, and the Dow rose 0.4%. Markets see a 96% chance of a 25 basis point cut, with focus shifting to signals on future cuts via the Fed’s “dot-plot” and Powell’s remarks.

The meeting comes amid concerns over Fed independence, as a Trump nominee joined the board and a court blocked his attempt to oust a Fed governor. Meanwhile, mortgage rates hit their lowest since Oct. 2024, spurring a 60% jump in refinancing.

In corporate news, Nvidia fell 2.2% after China reportedly banned purchases of its AI chips. General Mills beat sales estimates but warned of weak consumer demand, and Cracker Barrel’s results drew attention after a logo controversy.

Top Movers: Under $10 

Visionary Holdings Inc (GV) is up 72.97 today to trade at the current level of $2.88. This comes after the company announced that it has entered into a strategic partnership with Jiangsu Yike Regenerative Medicine, a leading regenerative medical research institute in China.

CDT Equity Inc (CDT) zoomed 39.26% in today’s trade to $0.89 after announcing the strategic acquisition of 8.65252366 Bitcoin for an aggregate purchase price of $1,000,000, at an average acquisition price of $115,285 per BTC.

In current trading, New Fortress Energy Inc (NFE) stock is at $2.56 after announcing a deal with the Third-Party Procurement Office and Puerto Rico’s P3A to supply liquefied natural gas long-term.

CaliberCos Inc (CWD) rose 29.93% in the early hours of today's trading to move at $8.25 after announcing the sale of $15.9 million perpetual convertible preferred and activation of the ATM program.

In the current trading session, Vivani Medical Inc (VANI) jumped 22.21% to $1.48 over a previous close of $1.21 after announcing that its board of directors has set the record date for the approved spin-off of Cortigent, Inc., its wholly-owned subsidiary developing brain implant devices with cutting-edge neuromodulation technology.

Ex-Dividend Stocks

Fidus Investment Corp (FDUS) 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 $0.57 per share. It has fixed September 18 as the record date for the same and will pay the actual dividend on September 25. Last year, the company distributed a total of $1.70 to its shareholders. Based on the last year's worth of payments, FDUS has a trailing yield of 8.03% on the current stock price of $21.22.

Another stock that is shelling out dividends tomorrow is Kulicke & Soffa Industries, Inc (KLIC), having a market capitalization of $2.17B. It will pay a dividend of $0.2 per share, the payment date of which is October 07. Currently, the stock is trading at a trailing dividend yield of 1.96%.

Shares of QCR Holding, Inc (QCRH) will be the talk of the stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.06 per share, and in the last 12 months, it paid a total of $0.24 per share. Last year's total dividend payments show that QCRH has a trailing yield of 0.31% on the current share price of $78.08.

Smith & Wesson Brands Inc (SWBI) is also set to go ex-dividend tomorrow. The next dividend payment from SWBI will amount to $0.13 per share. September 18 has been designated as the record date for this dividend, with the actual payout scheduled for October 02. In the previous year, SWBI distributed a total of $0.52 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SWBI stands at 5.58% based on the current stock price of $9.32.

Investcorp Credit Management BDC Inc (ICMB) will be paying out a dividend of $0.14 per share to shareholders holding their shares as of the close of business hours on the record date of September 18. Over the past 12 months, ICMB has paid out a total of $0.48 per share in dividends. Based on the total dividends paid out last year, ICMB boasts an impressive trailing yield of 15.95% on the current share price of $3.01.

Crypto Market Highlights

• Forward Industries filed for an at-the-market (ATM) equity offering program of up to $4 billion to support its Solana-focused treasury strategy.

• Metaplanet, a Japanese company turned Bitcoin treasury firm, is expanding its crypto efforts by launching two new subsidiaries in the US and Japan.

• The UK’s top financial regulator proposed applying existing financial rules to cryptocurrencies, advancing efforts to build a regulatory framework for the sector.

• Japan’s SBI Shinsei Bank partnered with Partior (Singapore) and DeCurret DCP (Japan) to explore multicurrency tokenized deposits for cross-border transactions.

• ARK Invest, led by Cathie Wood, acquired over 160,000 shares in the crypto exchange Bullish, continuing its push into crypto-related stocks.

Most Shorted Stocks

C3.ai Inc (AI) was one of the most shorted stocks as of the latest short interest figures, with 34.56% 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 4.1. This represents a change of 1460000 shares, which corresponds to a +4.47% increase in short interest. The total value of the shares held short is estimated to be around $593.35 million. The average daily volume stands at 8.75M shares, and the market capitalization of the company is $2.40B.

The Irobot Corp with the symbol IRBT currently has a short interest of 27.21%. The short interest has changed by 940000 shares. The days to cover ratio stands at 4.0. The estimated value of the shares held short is approximately $31.82 million. On an average day, 1.84M shares are traded, with the company's market capitalization totaling $128.14M.

For the stock Salarius Pharmaceuticals Inc (SLRX), the current short interest is at 24.46%. This represents a significant short interest change of 44700 shares, corresponding to a short interest percentage increase of +56.51%. The days needed to cover the short positions amount to 0.5. The approximate worth of the shares held short is $0.69 million.

With the symbol AXL, the stock currently has a short interest of 24.65%. The short interest change is 2590000 shares, compared with a short interest percentage change of +10.81%. It would take approximately 7.2 days to cover all the short positions. The shares' short value is estimated to be around $0.77 million. The company boasts an average daily volume of 3.77M shares, contributing to a market capitalization of $742.25M.

The stock LUNR has a current short interest of 25.11%. The short interest percentage has experienced an increase of +10.57% while there was a change of 2560000 shares in short interest. The ratio indicating the time required to cover short positions is 3.6. The calculated worth of the shorted shares amounts to around $242.58 million. Trading activity averages at 7.44M shares per day, while the company's market capitalization stands at $1.63B.

AI Stocks to Watch

According to our ST Score evaluation, Analog Devices Inc (ADI) emerges as a high-quality stock in the AI industry, attaining an impressive score of 51. The stock's profitability and Piotroski Score are strong. However, its financial strength is weak. Additionally, it is neutral in terms of performance, growth, stock sentiment, and forecast.

Our ST Score also classifies Taiwan Semiconductor Manufacturing ADR (TSM) as a high-quality AI stock today, presenting a Score of 58. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak financial strength. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Broadcom Inc (AVGO) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, growth, and Piotroski Score, but weak in financial strength. Stock sentiment and forecast suggest a neutral outlook.

Audiocodes (AUDC) stock has the ST Score of 55, which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score, but its weaknesses are in its performance and growth. However, it shows neutral outlook in stock sentiment and forecast.

Camtek Ltd (CAMT) currently has the ST Score of 55, which signifies a huge upward potential. The AI 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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