🚀 Penny Stocks Are Surging—One Just Jumped 180%!

US stocks edged lower on Monday as renewed tensions between the US and Iran unsettled investors and clouded the outlook for peace talks. The S&P 500 index slipped 0.1%, while the Nasdaq Composite index fell 0.2%, and the Dow Jones Industrial Average index hovered near flat.

Escalation over the weekend—including a US naval clash with Iran and disruptions in the Strait of Hormuz—raised concerns about oil supply and inflation, pushing crude prices higher, though still below $100 per barrel.

Investors now turn their focus to a busy earnings week, with major companies like Tesla, Intel, and United Airlines set to report, providing further direction amid rising geopolitical uncertainty.

Top Movers: Under $10 

Fitness Champs Holdings Ltd (FCHL) is up 181.78% today to trade at the current level of $1.01. This comes after the company announced the pricing of a $5 million public offering.

Enveric Biosciences Inc (ENVB) zoomed 134.62% in today’s trade to $4.27 after announcing the closing of up to $13.9 million private placement priced at-the-market under Nasdaq rules.

In current trading, Clearmind Medicine Inc (CMND) stock is at $1.2 following the announcement from the company that CMND-100, its proprietary non-hallucinogenic MEAI-based oral drug candidate, for the treatment of Alcohol Use Disorder (AUD) has met the primary endpoint in its FDA-approved Phase I/IIa clinical trial.

DEFSEC Technologies Inc (DFSC) rose 32.47% in the early hours of today's trading to move at $2.56 after announcing that David Ibbetson, former General Manager of General Dynamics Mission Systems International ("GDMS") has joined DEFSEC's board of directors.

In the current trading session, Wearable Devices Ltd (WLDS) jumped 39.37% to $2.1 over a previous close of $1.51 after announcing the collaboration with Meta-Bounds to enable intuitive neural control for AR Glasses.

Ex-Dividend Stocks

RMR Group Inc (RMR) 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 $0.45 per share. It has fixed April 21 as the record date for the same and will pay the actual dividend on May 14. Last year, the company distributed a total of $1.80 to its shareholders. Based on last year's worth of payments, RMR has a trailing yield of 10.61% on the current stock price of $16.96.

Another stock that is shelling out dividends tomorrow is Seven Hills Realty Trust (SEVN), having a market capitalization of $192.98M. It will pay a dividend of $0.28 per share, the payment date of which is May 14. Currently, the stock is trading at a trailing dividend yield of 13.78%.

Shares of Service Properties Trust (SVC) 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 $0.01 per share, and in the last 12 months, it paid a total of $0.04 per share. Last year's total dividend payments show that SVC has a trailing yield of 2.78% on the current share price of $1.44.

JOYY Inc ADR (JOYY) is also set to go ex-dividend Wednesday. The next dividend payment from JOYY will amount to $1.38 per share. April 22 has been designated as the record date for this dividend, with the actual payout scheduled for May 08. In the previous year, JOYY distributed a total of $3.79 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for JOYY stands at 6.03% based on the current stock price of $62.85.

Qfin Holdings Inc ADR (QFIN) will be paying out a dividend of $0.77 per share to shareholders holding their shares as of the close of business hours on the record date of April 22. Over the past 12 months, QFIN has paid out a total of $1.46 per share in dividends. Based on the total dividends paid out last year, QFIN boasts an impressive trailing yield of 10.33% on the current share price of $14.13.

Crypto Market Highlights

• Prediction market platform Polymarket is in talks to raise $400 million in new funding at a reported $15 billion valuation.

• Alcoa is close to selling its inactive Massena East smelter in New York to Bitcoin mining firm NYDIG.

• RaveDAO has denied involvement in the recent spike and crash of its RAVE token amid exchange investigations into possible market manipulation.

• Poland’s parliament has again failed to override a presidential veto on a major crypto regulation bill, prolonging the policy deadlock.

• Circle has introduced USDC Bridge, a new interface designed to make cross-chain USDC transfers easier using its CCTP system.

Most Shorted Stocks

Viking Therapeutics Inc (VKTX) was one of the most shorted stocks as of latest short interest figures, with 21.60% 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 9.8. This represents a change of -290194 shares, which corresponds to a -1.19% decrease in short interest. The total value of the shares held short is estimated to be around $845.02 million. The average daily volume stands at 2.64M shares, and the market capitalization of the company is $4.08B.

The Rigel Pharmaceuticals with the symbol RIGL currently has a short interest of 22.78%. The short interest has changed by 80748 shares. The days to cover ratio stands at 13.3. The estimated value of the shares held short is approximately $123.58 million. On an average day, 349.12K shares are traded, with the company's market capitalization totaling $599.08M.

For the stock Hertz Global Holdings Inc (HTZ), the current short interest is at 20.64%. This represents a significant short interest change of 2079057 shares, corresponding to a short interest percentage increase of 3.35%. The days needed to cover the short positions amount to 9.0. The approximate worth of the shares held short is $476.01 million.

With the symbol MNRO, the stock currently has a short interest of 20.93%. The short interest change is 584242 shares, compared with a short interest percentage change of 10.51%. It would take approximately 6.5 days to cover all the short positions. The shares' short value is estimated to be around $1.14 billion. The company boasts an average daily volume of 831.87K shares, contributing to a market capitalization of $536.45M.

The stock ASPI has a current short interest of 26.84%. The short interest percentage has experienced an increase of 13.51%, while there was a change of 3032311 shares in short interest. The ratio indicating the time required to cover short positions is 4.9. The calculated worth of the shorted shares amounts to around $32.99 million. Trading activity averages at 5.05M shares per day, while the company's market capitalization stands at $676.10M.

Upcoming IPOs

Encore Medical, Inc. (EMI) is expected to debut on the NYSEAMERICAN exchange on April 15. The company will offer 3,000,000 shares at a fixed price of $5.00 per share, aiming to raise approximately $15.00M through its IPO.

National Healthcare Properties, Inc. (NHP) is all set for its debut on the NASDAQ exchange on April 22. The shares will be offered in a price range of $13.00 to $16.00 per share. With a total of 38,500,000 shares available, the company aims to raise approximately $558.25M through this IPO.

Yesway, Inc. (YSWY) is also scheduled to make its debut on the NASDAQ on April 22. They are offering shares in a price range of $20.00 to $23.00. The IPO includes 13,953,488 shares, aiming for a deal size of $‪300.00M.

The Elmet Group Co. (ELMT) is scheduled to launch its IPO on the NASDAQ exchange on April 23. The company plans to offer 7,692,307 shares in a price range of $12.00 to $14.00 per share, with an expected total raise of approximately $100.00M.

X-Energy, Inc. (XE) will also be going public on April 24 on the NASDAQ exchange. The offering includes 42,857,143 shares, with the company targeting a deal size of around $750.00M through its IPO. The expected price range for the shares is between $16.00 and $19.00 per share.

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

Best Regards,

Stocks Telegraph Team

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