Today's $10 Movers, Top Shorted & Weekly IPO Highlights

Stocks are tumbling today after President Trump announced over the weekend new tariffs—25% on Canada and Mexico, and 10% on China—while also signaling that European tariffs are on the way. These measures, set to take effect on Tuesday, raise concerns about a potential trade war that could slow global economic growth. In response, both Canada and Mexico have announced retaliatory tariffs on U.S. goods.

As of 11:33 AM ET, the Dow was down -75.6 points, or -0.16972%, at $44469.06. The Nasdaq Composite lost -172.748 points, or -0.8043%, at $21305.299. The S&P 500 declined -39.1 points, or -0.64729%, at $6001.43. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Utilities leading the way with a 3.77% increase.

Goldman Sachs has cautioned that U.S. stocks could drop by as much as 5% due to the impact on corporate earnings, while RBC Capital Markets projects declines ranging between 5% and 10%.

The concern is that these tariffs will drive up costs on essentials like groceries and electronics, increasing expenses for American households. This, in turn, could put upward pressure on inflation, which has been easing since peaking three summers ago. Persistently high or rising inflation might prevent the Federal Reserve from continuing its rate-cutting strategy, which began in September to help stimulate the U.S. economy.

Top Movers: Under $10

HCW Biologics Inc (HCWB) is up 112.01% today to trade at the current level of $0.59. This comes after the company announced FDA approval to begin a Phase 1 trial of HCW9302 for moderate-to-severe alopecia areata, an autoimmune disease with no FDA-approved cure.

Coffee Holding Co Inc (JVA) zoomed 12.43% in today’s trade to $4.44 after announcing its operating results for the fiscal year ended October 31, 2024.

In current trading, SeaStar Medical Holding Corp (ICU) stock is at $2.56 after announcing $6 million registered direct offering priced at-the-market.

Blue Hat Interactive Entertainment Technology (BHAT) rose 20.64% in the early hours of today's trading to move at $0.04. The company announced the completion of Its purchase of One Ton of Gold, showcasing the effectiveness of its strategic positioning.

In the current trading session, Invivyd Inc (IVVD) jumped 41.38% to $0.51 over a previous close of $0.36 after sharing positive results from its Phase 1/2 trial of VYD2311, Invivyd's new monoclonal antibody designed as a convenient, long-acting alternative to COVID-19 vaccines for broad protection and treatment.

Ex-Dividends Stocks

Metlife Inc (MET) 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 $0.55 per share. It has fixed February 04 as the record date for the same and will pay the actual dividend on March 11. Last year, the company distributed a total of $2.16 to its shareholders. Based on the last year's worth of payments, MET has a trailing yield of 2.53% on the current stock price of $85.12.

Shares of HBT Financial Inc (HBT) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.21 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 HBT has a trailing yield of 3.14% on the current share price of $24.23.

Independent Bank Corporation (Ionia, MI) (IBCP) is also set to go ex-dividend tomorrow. The next dividend payment from IBCP will amount to $0.26 per share. February 04 has been designated as the record date for this dividend, with the actual payout scheduled for February 14. In the previous year, IBCP distributed a total of $0.72 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for IBCP stands at 2.01% based on the current stock price of $35.89.

1st Source Corp (SRCE) will be paying out a dividend of $0.36 per share to shareholders holding their shares as of the close of the business hours on the record date of February 04. Over the past 12 months, SRCE has paid out a total of $1.04 per share in dividends. Based on the total dividends paid out last year, SRCE boasts an impressive trailing yield of 1.66% on the current share price of $62.57.

Crypto Market Highlights

• Over $2 billion in cryptocurrency liquidated due to traditional finance (TradFi) events, not industry participants, says Wintermute CEO Evgeny Gaevoy.

• Coinbase received approval from the UK’s Financial Conduct Authority (FCA) as a registered virtual asset service provider (VASP).

• Bitcoin’s price found its local bottom just above $91,000, reflecting increased sensitivity to macroeconomic factors.

• Uphold resumed staking services in the UK following regulatory developments.

• Thailand's Securities and Exchange Commission plans to launch a distributed ledger technology-based trading platform for digital token trading by securities firms.

Most Shorted Stocks

Nauticus Robotics Inc (KITT) was one of the most shorted stocks as of latest short interest figures, with 36.10% 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 0.3. This represents a change of 1016200 shares, which corresponds to a +107.67% increase in short interest. The total value of the shares held short is estimated to be around $3.18 million. The average daily volume stands at 8.50M shares, and the market capitalization of the company is $10.35M.

The Mind Medicine Inc with the symbol MNMD currently has a short interest of 38.30%. The short interest has changed by 450000 shares. The days to cover ratio stands at 7.5. The estimated value of the shares held short is approximately $76.14 million. On an average day, 1.51M shares are traded, with the company's market capitalization totaling $535.32M.

For the stock Auddia Inc (AUUD), the current short interest is at 37.75%. This represents a significant short interest change of -265400 shares, corresponding to a short interest percentage decrease of -46.94%. The days needed to cover the short positions amount to 0.7. The approximate worth of the shares held short is $0.14 million.

With the symbol GOGO, the stock currently has a short interest of 34.26%. The short interest change is 250000 shares, compared with a short interest percentage change of +1.21%. It would take approximately 16.0 days to cover all the short positions. The shares short value is estimated to be around $2.48 million. The company boasts an average daily volume of 1.31M shares, contributing to a market capitalization of $1.04B.

The stock ADD has a current short interest of 54.65%. The short interest percentage has experienced increase of +21.99% while there was a change of 56700 shares in short interest. The ratio indicating the time required to cover short positions is 0.2. The calculated worth of the shorted shares amounts to around $29.32 million. Trading activity averages at 1.73M shares per day, while the company's market capitalization stands at $0.86M.

Upcoming IPOs

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

Best Regards,

Stocks Telegraph Team

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