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Stocks Telegraph

Dear Readers,

Friday saw an increase in the Dow Jones Industrial Average, with major averages striving to sustain a four-week consecutive rise.

As of 11:03 AM ET, the Dow was up 111.207 points, or 0.3153%, at $35384.24. The Nasdaq Composite lost -40.0957 points, or -0.2506%, at $15961.29. The S&P 500 rose 0.5 points, or 0.011%, at $4557.12. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Financials leading the way with a 1.85% increase.

The U.S. stock market closed at 1 p.m. on Thanksgiving following Thursday’s closure. Prior to this, Wednesday witnessed higher closures in major averages, coinciding with the 10-year Treasury yield dropping to levels last observed in September.

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Top Movers: Under $10

FLJ Group Ltd ADR (FLJ) is up 66.23% today to trade at the current level of $0.18. This comes after the company announced that it has entered into a definitive agreement to acquire Alpha Mind Technology Limited.

Versus Systems Inc (VS) zoomed 57.68% in today’s trade to $0.26 after announcing that the Company recently secured a strategic investment from Cronus Equity Capital Group, LLC.

In current trading, iClick Interactive Asia Group Ltd ADR (ICLK) stock is at $3.76 following the declaration that it has entered into a definitive Agreement and Plan of Merger with TSH Investment Holding Limited.

Mmtec Inc (MTC) rose 24.46% in the early hours of today's trading to move at $1.22 following the filing of 6-K form with the SEC.

In the current trading session, Scilex Holding Company (SCLX) jumped 16.63% to $1.18 over a previous close of $1.01. The company revealed that ELYXYB® effectively addresses the crucial needs of doctors treating adults with acute migraines, both with and without aura.

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Ex-Dividends Stocks

Aramark (ARMK) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.1 per share. The company has fixed November 28 as the record date for the same and will pay the actual dividend on December 08. Last year, the company distributed a total of $0.40 to its shareholders. Based on the last year's worth of payments, ARMK has a trailing yield of 1.44% on the current stock price of $28.10.

Another stock that is shelling out dividends on Monday is Keycorp (KEY), having a market capitalization of $11.36B. It will pay a dividend of $0.21 per share, the payment date of which is December 15. Currently, the stock is trading at a trailing dividend yield of 6.77%.

Shares of Prospect Capital Corporation (PSEC) will be the talk of stock market on Monday 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, the company paid a total of $0.72 per share. Last year's total dividend payments show that PSEC has a trailing yield of 12.34% on the current share price of $5.84.

W & T Offshore Inc (WTI) is also set to go ex-dividend on Monday. The next dividend payment from WTI will amount to $0.01 per share. November 28 has been designated as the record date for this dividend, with the actual payout scheduled for December 22. In the previous year, WTI distributed a total of $0.01 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for WTI stands at 0.29% based on the current stock price of $3.47.

Yum Brands Inc. (YUM) will be paying out a dividend of $0.61 per share to shareholders holding their shares as of the close of the business hours on the record date of November 28. Over the past 12 months, YUM has paid out a total of $2.39 per share in dividends. Based on the total dividends paid out last year, YUM boasts an impressive trailing yield of 1.86% on the current share price of $128.36.

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Crypto Market Highlights

  • Tether and Bitfinex withdraw initial opposition to a Freedom of Information Law (FOIL) request in New York from high-profile news publications.

  • ECB president Christine Lagarde shares a family story of unsuccessful crypto investments; her son reportedly lost "almost all" despite warnings.

  • KyberSwap offers a 10% bounty reward to the hacker who stole $46 million on Nov. 22, requesting 90% of the stolen funds returned by 6 am UTC on Nov. 25.

  • ARK Invest, led by Cathie Wood, sells 700,000 shares of Grayscale Bitcoin Trust (GBTC) amid Bitcoin hitting 17-month highs and excitement for a potential spot Bitcoin ETF.

  • Users of crypto analytics platform Nansen targeted by phishing emails promoting a fictitious "Nansen Airdrop."

  • Bitvavo, a Netherlands-based exchange, expands services to French users after registering as a digital asset service provider with France's Autorité des Marchés Financiers (AMF).

  • Raiffeisen Bank's Austrian subsidiary plans to enable clients to trade cryptocurrencies like Bitcoin in the coming months.

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Most Shorted Stocks

Childrens Place Inc (PLCE) was one of the most shorted stocks as of latest short interest figures, with 21.18% 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 4.9. This represents a change of -170000 shares, which corresponds to a -6.49% decrease in short interest. The total value of the shares held short is estimated to be around $49.2 million. The average daily volume stands at 618.18K shares, and the market capitalization of the company is $250.57M.

The AST SpaceMobile Inc with the symbol ASTS currently has a short interest of 22.31%. The short interest has changed by -1580000 shares. The days to cover ratio stands at 10.1. The estimated value of the shares held short is approximately $82.63 million. On an average day, 1.82M shares are traded, with the company's market capitalization totaling $420.51M.

For the stock Gamestop Corporation (GME), the current short interest is at 22.3%. This represents a significant short interest change of -1,379,902 shares. The days needed to cover the short positions amount to 17.16. With an average daily trading volume of 3.37 million shares, the company's market capitalization stands at $3.78 billion.

The stock WGO has a current short interest of 19.94%. The short interest percentage has experienced increase of +3.41% while there was a change of 190000 shares in short interest. The ratio indicating the time required to cover short positions is 12.9. The calculated worth of the shorted shares amounts to around $1.57 billion. Trading activity averages at 465.61K shares per day, while the company's market capitalization stands at $2.00B.

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Energy Stocks to Watch

According to our ST Score evaluation, Geospace Technologies Corp (GEOS) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 66.0. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of value, growth, stock sentiment, and forecast.

Our ST Score also classifies Cheniere Energy Inc. (LNG) as a high-quality Energy stock today, presenting a Score of 65.0. The stock has strong fundamentals in terms of valuation, profitability, performance, growth, stock sentiment, and Piotroski Score. However, it has weak financial strength. The forecast are neutral.

Another stock in the category, EOG Resources, Inc. (EOG) has the ST Score of 62.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, and Piotroski Score. Value, profitability, growth, stock sentiment, and forecast suggest a neutral outlook.

Black Stone Minerals, L.P. (BSM) stock has the ST Score of 61.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and stock sentiment, but its weaknesses are in its value, and growth. However, it shows neutral outlook in Piotroski Score, and forecast.

Dorchester Minerals, L.P. (DMLP) currently has the ST Score of 61.0, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, and financial strength, while its weak points are its value. The stock's growth, stock sentiment, Piotroski Score, 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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