🚀 Penny Stocks on Fire While Markets Panic—Don’t Miss This

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US stocks briefly rebounded on Thursday, with the S&P 500, Dow, and Nasdaq erasing losses of over 1% after Iran signaled a Strait of Hormuz traffic protocol with Oman, before turning negative again. Markets remained volatile following President Trump’s threat to escalate military action in Iran.

Oil prices surged, with West Texas Intermediate rising 10% above $110 per barrel and Brent crude up 6% above $107, extending gains of roughly 50% since late February.

Meanwhile, initial jobless claims fell by 9,000 to 202,000 for the week ending March 28, ahead of the March jobs report and the Good Friday market closure.

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Top Movers: Under $10 

Biodexa Pharmaceuticals Plc ADR (BDRX) is up 59.67% today to trade at the current level of $0.98. This comes after the company announced a partnership with Syngene to manufacture MTX240 GMP clinical trial supplies.

Sky Quarry Inc (SKYQ) zoomed 65.61% in today’s trade to $4.19. The company highlighted the strategic importance of its Foreland Refinery as Brent crude oil surged past $110 per barrel - its highest level since mid-2022 - and the Western United States continues to lose refining capacity at an accelerating rate.

In current trading, Cocrystal Pharma Inc (COCP) stock is at $1.38 after announcing that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to its oral, direct-acting protease inhibitor, CDI-988, the first oral antiviral candidate being developed for treatment and prophylaxis of norovirus infection.

AleAnna Inc (ANNA) rose 17.29% in the early hours of today's trading to move at $8.52 as Iran-linked LNG disruptions squeezed global supply, sending European gas prices sharply higher and boosting demand for domestic producers.

In the current trading session, Greenlane Holdings Inc (GNLN) jumped 12.59% to $0.33 over a previous close of $0.29 after announcing a 1-for-8 reverse stock split.

Ex-Dividend Stocks

Escalade, Inc (ESCA) 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 $0.15 per share. It has fixed April 06 as the record date for the same and will pay the actual dividend on April 13. Last year, the company distributed $0.60 per share to its shareholders. Based on last year's payments, ESCA has a trailing yield of 3.31% at the current stock price of $18.15.

Another stock that is shelling out dividends tomorrow is NorthEast Community Bancorp Inc (NECB), having a market capitalization of $334.92M. It will pay a dividend of $0.2 per share, the payment date of which is May 05. Currently, the stock is trading at a trailing dividend yield of 3.29%.

Shares of Roper Technologies Inc (ROP) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.91 per share, and in the last 12 months, it paid a total of $3.38 per share. Last year's total dividend payments show that ROP has a trailing yield of 0.95% on the current share price of $355.87.

Shoe Carnival, Inc (SCVL) is also set to go ex-dividend tomorrow. The next dividend payment from SCVL will amount to $0.17 per share. April 06 has been designated as the record date for this dividend, with the actual payout scheduled for April 20. In the previous year, SCVL distributed a total of $0.60 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SCVL stands at 3.78% based on the current stock price of $15.88.

Erie Indemnity Co (ERIE) will be paying out a dividend of $1.46 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, ERIE has paid out a total of $5.56 per share in dividends. Based on the total dividends paid out last year, ERIE boasts an impressive trailing yield of 2.25% on the current share price of $246.99.

Crypto Market Highlights

• Alabama becomes the second U.S. jurisdiction after Wyoming to grant legal status to decentralized autonomous organizations (DAOs) under the DUNA Act.

• Genius Group sold all remaining Bitcoin in Q1 to repay debt, reflecting a broader trend of companies liquidating crypto assets during a bear market.

• Taiwan’s Ministry of Justice reportedly holds 210 confiscated Bitcoins, valued at around $14 million, according to lawmaker Ko Ju-Chun.

• The U.S. Treasury has proposed new regulations for state-level stablecoin governance under the GENIUS Act and is seeking public feedback.

• EDX Markets has applied to the OCC to launch a national trust bank offering crypto custody, asset management, and trade-settlement services.

Most Shorted Stocks

Hims & Hers Health Inc (HIMS) was one of the most shorted stocks as of latest short interest figures, with 44.40% 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 1.3. This represents a change of -1678399 shares, which corresponds to a -1.98% decrease in short interest. The total value of the shares held short is estimated to be around $1.65 billion. The average daily volume stands at 34.23M shares, and the market capitalization of the company is $4.52B.

The Ondas Inc with the symbol ONDS currently has a short interest of 34.51%. The short interest has changed by -2543469 shares. The days to cover ratio stands at 1.4. The estimated value of the shares held short is approximately $1.37 billion. On an average day, 96.74M shares are traded, with the company's market capitalization totaling $4.12B.

For the stock Intellia Therapeutics Inc (NTLA), the current short interest is at 34.45%. This represents a significant short interest change of -4866760 shares, corresponding to a short interest percentage decrease of -10.98%. The days needed to cover the short positions amount to 7.7. The approximate worth of the shares held short is $523.36 million.

With the symbol TNGX, the stock currently has a short interest of 24.75%. The short interest change is 1427623 shares, compared with a short interest percentage change of 4.86%. It would take approximately 10.3 days to cover all the short positions. The shares' short value is estimated to be around $836.9 million. The company boasts an average daily volume of 3.43M shares, contributing to a market capitalization of $3.03B.

The stock CLSK has a current short interest of 33.79%. The short interest percentage has experienced a decrease of -0.38% while there was a change of -320200 shares in short interest. The ratio indicating the time required to cover short positions is 4.8. The calculated worth of the shorted shares amounts to around $265.64 million. Trading activity averages at 25.69M shares per day, while the company's market capitalization stands at $2.20B.

Biotech Stocks to Watch

According to our ST Score evaluation, Galapagos NV ADR (GLPG) emerges as a high-quality stock in the Biotech 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 Monopar Therapeutics Inc (MNPR) as a high-quality Biotech stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, performance, and financial strength. However, it has weak growth. The stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Halozyme Therapeutics Inc (HALO) has the ST Score of 62, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and forecasts suggest a neutral outlook.

Krystal Biotech Inc (KRYS) stock has the ST Score of 62, which implies that the Biotech 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 a neutral outlook in stock sentiment and forecast.

Oramed Pharmaceuticals, Inc (ORMP) currently has the ST Score of 62, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, and financial strength, while its weak points are its stock sentiment and forecast. The stock's growth and Piotroski Score 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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