Top EV Stocks You’re Not Watching — But Smart Money Is Moving In Fast

The Dow rose 241 points, or 0.5%, on Tuesday, helped by a 2% gain in Home Depot shares after the company maintained its full-year outlook. The S&P 500 was nearly flat, while the Nasdaq slipped 0.4% as Nvidia weighed on chip stocks.

Investors are watching earnings from Lowe’s, Walmart, and Target later this week for signals on consumer strength amid mixed inflation data and shifting U.S. trade policy. Tuesday’s trading followed a quiet Monday, with the S&P 500 just below last week’s record high.

Attention is also on the Federal Reserve, as officials head to Jackson Hole for the annual economic symposium. Markets are pricing in an 83% chance of a quarter-point rate cut at the Fed’s September meeting, according to CME’s FedWatch tool.

Top Movers: Under $10 

PainReform Ltd (PRFX) is up 102.24% today to trade at the current level of $2.71. This comes after the company announced that DeepSolar, PainReform’s solar energy business unit developing next-generation AI-driven solar analytics, has been accepted into the prestigious NVIDIA Connect Program.

Gaxos.AI Inc (GXAI) zoomed 85.45% in today’s trade to $2.04 after announcing the official launch of Art-Gen.AI, an AI image and video creation platform that makes pro-grade content effortless for anyone, anywhere.

In current trading, VisionWave Holdings Inc (VWAV) stock is at $8.87 after announcing two intellectual property updates that seek to strengthen its technology and intellectual property strategy.

VCI Global Ltd (VCIG) rose 10.59% in the early hours of today's trading to move at $0.94. The company announced a landmark partnership with a leading digital asset holder to establish a sovereign-grade infrastructure venture backed by 18,000 BTC, valued at over US$2.16 billion at current market levels.

In the current trading session, Inspira Technologies Oxy B.H.N. Ltd (IINN) jumped 10.04% to $1.37 over a previous close of $1.25 after announcing that a national ministry of health in Africa has placed a $27 million binding purchase order for Inspira’s FDA-cleared ART100 systems.

Ex-Dividend Stocks

BGC Group Inc (BGC) 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 $0.02 per share. It has fixed August 20 as the record date for the same and will pay the actual dividend on September 03. Last year, the company distributed a total of $0.08 to its shareholders. Based on last year's worth of payments, BGC has a trailing yield of 0.79% on the current stock price of $10.12.

Another stock that is shelling out dividends tomorrow is Hasbro, Inc (HAS), having a market capitalization of $11.44B. It will pay a dividend of $0.7 per share, the payment date of which is September 03. Currently, the stock is trading at a trailing dividend yield of 3.43%.

Shares of Karat Packaging Inc (KRT) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.45 per share, and in the last 12 months, it paid a total of $1.65 per share. Last year's total dividend payments show that KRT has a trailing yield of 6.35% on the current share price of $26.0.

Pilgrim's Pride Corp (PPC) is also set to go ex-dividend tomorrow. The next dividend payment from PPC will amount to $2.1 per share. August 20 has been designated as the record date for this dividend, with the actual payout scheduled for September 03.

Hennessy Advisors Inc (HNNA) will be paying out a dividend of $0.14 per share to shareholders holding their shares as of the close of the business hours on the record date of August 20. Over the past 12 months, HNNA has paid out a total of $0.55 per share in dividends. Based on the total dividends paid out last year, HNNA boasts an impressive trailing yield of 4.92% on the current share price of $11.22.

Crypto Market Highlights

• Sports betting platform SharpLink Gaming purchased 143,593 Ether as ETH prices climbed above $4,700, according to a filing with the US SEC.

• DeFi platform 1inch launched crosschain swaps between Solana and EVM networks, removing the need for bridges or messaging protocols.

• The Wyoming Stable Token Commission announced the mainnet launch of its state-issued stablecoin, Frontier Stable Token (FRNT).

• South Korea’s top financial regulator ordered crypto exchanges to suspend new digital asset lending services due to increasing risks and regulatory concerns.

• The US Treasury Department called for public comments on the GENIUS Act, a stablecoin regulation law signed by President Trump in July.

Most Shorted Stocks

Trupanion Inc (TRUP) was one of the most shorted stocks as of the latest short interest figures, with 23.48% 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 13.3. This represents a change of -330000 shares, which corresponds to a -4.42% decrease in short interest. The total value of the shares held short is estimated to be around $346.86 million. The average daily volume stands at 540.03K shares, and the market capitalization of the company is $2.09B.

The Abeona Therapeutics Inc with the symbol ABEO currently has a short interest of 18.51%. The short interest has changed by -60000 shares. The days to cover ratio stands at 8.0. The estimated value of the shares held short is approximately $57.76 million. On an average day, 951.36K shares are traded, with the company's market capitalization totaling $351.77M.

For the stock Cleveland-Cliffs Inc (CLF), the current short interest is at 16.73%. This represents a significant short interest change of 6170000 shares, corresponding to a short interest percentage increase of +8.22%. The days needed to cover the short positions amount to 2.4. The approximate worth of the shares held short is $864.89 million.

With the symbol TNXP, the stock currently has a short interest of 16.46%. The short interest change is 20000 shares, compared with a short interest percentage change of +1.68%. It would take approximately 1.0 days to cover all the short positions. The shares' short value is estimated to be around $3.07 billion. The company boasts an average daily volume of 1.44M shares, contributing to a market capitalization of $331.79M.

The stock AEO has a current short interest of 18.05%. The short interest percentage has experienced an increase of +57.95% while there was a change of 10420000 shares in short interest. The ratio indicating the time required to cover short positions is 2.5. The calculated worth of the shorted shares amounts to around $15.81 million. Trading activity averages at 11.55M shares per day, while the company's market capitalization stands at $2.27B.

EV Stocks to Watch

According to our ST Score evaluation, Albemarle Corp (ALB) emerges as a high-quality stock in the EV industry, attaining an impressive score of 52. The stock's performance and growth are strong. However, its profitability, stock sentiment, and forecast are weak. Additionally, it is neutral in terms of financial strength, and Piotroski Score.

Our ST Score also classifies AYRO Inc (AYRO) as a high-quality EV stock today, presenting a Score of 52. The stock has strong fundamentals in terms of financial strength. However, it has weak growth, stock sentiment, and a forecast. The profitability, performance, and Piotroski Score are neutral.

Another stock in the category, QuantumScape Corp (QS) has the ST Score of 51, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, and Piotroski Score, but weak in profitability and growth. Stock sentiment and forecasts suggest a neutral outlook.

Baidu Inc ADR (BIDU) stock has the ST Score of 50 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability and performance, but its weaknesses are in its growth. However, it shows a neutral outlook in financial strength, stock sentiment, Piotroski Score, and forecast.

BorgWarner Inc (BWA) currently has the ST Score of 53, which signifies a huge upward potential. The EV stock's strong points are its performance and Piotroski Score, while its weak points are its growth and financial strength. The stock's profitability, 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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