Under $10 and Flying High: 5 Stocks Traders Are Obsessed With Today

U.S. stocks edged higher on Monday as investors focused on upcoming Federal Reserve speeches and Friday’s key inflation data (PCE index) for clues on future interest rate cuts. The S&P 500 rose 0.2% and the Nasdaq gained 0.3%, while the Dow remained flat.

Gold hit a record high above $3,750 on rate-cut expectations, but cryptocurrencies slumped as over $1.5 billion in bullish bets were liquidated. A soft inflation reading could increase the chances of a Fed rate cut in October.

Investors are also watching speeches from Fed Chair Jerome Powell and new Fed Governor Stephen Miran this week. Meanwhile, Trump’s new $100,000 H1-B visa fee raised concerns for companies like Microsoft and Goldman Sachs, impacting tech stocks.

Upcoming earnings reports from Micron and Costco will offer insights into AI demand and consumer spending.

Top Movers: Under $10 

AgriFORCE Growing Systems ltd (AGRI) is up 148.13% today to trade at the current level of $5.98. This comes after the company announced that it will be renamed AVAX One (the "Company") and plans to raise approximately $550 million, establishing the first NASDAQ-listed company with a dedicated strategy to maximize ownership of AVAX, the native token of the Avalanche network.

Qualigen Therapeutics Inc (QLGN) zoomed 111.04% in today’s trade to $5.99. This rally can be attributed to news that Faraday Future announced a strategic $41 million investment in Qualigen Therapeutics, Inc. (QLGN) for the crypto business through a PIPE transaction.

In current trading, Reliance Global Group Inc (RELI) stock is at $1.61 after announcing that it has completed its first purchase of Cardano (ADA) under its recently launched Digital Asset Treasury initiative.

Heritage Distilling Holding Co. Inc (IPST) rose 26.78% in the early hours of today's trading to move at $0.76 after announcing its intent to purchase up to $7 million of IP Strategy (Nasdaq: IPST) common stock through open market transactions.

In the current trading session, MindWalk Holdings Corp (HYFT) jumped 13.86% to $1.97 over a previous close of $1.73 after announcing a major advancement of its AI-designed GLP-1 therapeutics program.

Ex-Dividend Stocks

Bruker Corp (BRKR) 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 $0.05 per share. It has fixed September 23 as the record date for the same and will pay the actual dividend on October 03. Last year, the company distributed a total of $0.15 to its shareholders. Based on the last year's worth of payments, BRKR has a trailing yield of 0.46% on the current stock price of $32.71.

Another stock that is shelling out dividends tomorrow is Bentley Systems Inc (BSY), having a market capitalization of $16.00B. It will pay a dividend of $0.07 per share, the payment date of which is September 30. Currently, the stock is trading at a trailing dividend yield of 0.49%.

Shares of First Guaranty Bancshares Inc (FGBI) 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 $0.11 per share. Last year's total dividend payments show that FGBI has a trailing yield of 1.32% on the current share price of $8.34.

Gladstone Capital Corp (GLAD) is also set to go ex-dividend tomorrow. The next dividend payment from GLAD will amount to $0.1 per share. September 23 has been designated as the record date for this dividend, with the actual payout scheduled for September 29. In the previous year, GLAD distributed a total of $1.98 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for GLAD stands at 8.50% based on the current stock price of $23.25.

Heartland Express, Inc (HTLD) will be paying out a dividend of $0.02 per share to shareholders holding their shares as of the close of business hours on the record date of September 23. Over the past 12 months, HTLD has paid out a total of $0.08 per share in dividends. Based on the total dividends paid out last year, HTLD boasts an impressive trailing yield of 0.96% on the current share price of $8.34.

Crypto Market Highlights

• Bitfinex-backed Stable is integrating PayPal USD onto its Stablechain, with PayPal Ventures making a strategic investment in the project.

• UAE signs the CARF agreement, aligning its digital asset tax policies with global standards via automatic exchange of crypto-related tax information.

• MicroStrategy acquires 850 more BTC worth $99.7 million following the U.S. Federal Reserve’s first interest rate cut of the year.

• Japan’s Metaplanet buys 5,419 BTC, becoming the fifth-largest corporate Bitcoin holder worldwide.

• OKX develops a decentralized perpetuals trading platform, but delays its launch due to regulatory uncertainties.

Most Shorted Stocks

Ascent Solar Technologies Inc (ASTI) was one of the most shorted stocks as of the latest short interest figures, with 20.72% 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 0.2. This represents a change of 508900 shares, which corresponds to a +758.42% increase in short interest. The total value of the shares held short is estimated to be around $1.23 million. The average daily volume stands at 2.81M shares, and the market capitalization of the company is $6.49M.

The Grocery Outlet Holding Corp with the symbol GO currently has a short interest of 20.39%. The short interest has changed by 1140000 shares. The days to cover ratio stands at 5.6. The estimated value of the shares held short is approximately $303.69 million. On an average day, 3.36M shares are traded, with the company's market capitalization totaling $1.56B.

For the stock Heron Therapeutics Inc (HRTX), the current short interest is at 22.44%. This represents a significant short interest change of -840000 shares, corresponding to a short interest percentage decrease of -2.53%. The days needed to cover the short positions amount to 19.5. The approximate worth of the shares held short is $41.14 million.

With the symbol CLSK, the stock currently has a short interest of 19.40%. The short interest change is -2070000 shares, compared with a short interest percentage change of -3.75%. It would take approximately 2.3 days to cover all the short positions. The shares' short value is estimated to be around $426.9 million. The company boasts an average daily volume of 24.21M shares, contributing to a market capitalization of $3.70B.

The stock AEHR has a current short interest of 20.10%. The short interest percentage has experienced decrease of -2.25% while there was a change of -130000 shares in short interest. The ratio indicating the time required to cover short positions is 3.2. The calculated worth of the shorted shares amounts to around $1.64 billion. Trading activity averages at 1.81M shares per day, while the company's market capitalization stands at $927.54M.

Upcoming IPOs

Megan Holdings Limited (MGN) is all set for its debut on the NASDAQ exchange on September 23. They are offering shares in the price range of $4.00 to $6.00. With a total of 1,250,000 shares available, the company aims to raise approximately $6.25M through this IPO.

Rise Smart Group Holdings Limited (RSHL) will be entering the market with its IPO on September 23, on the NASDAQ exchange. The shares will be offered at a fixed price of $4.00 per share. They plan to offer 1,800,000 shares, targeting a deal size of $7.20M.

DT House Limited (DTDT) is also scheduled to make its debut on the NASDAQ exchange on September 26. They are offering shares in the price range of $4.00 to $5.00. The IPO includes 2,000,000 shares, aiming for a deal size of $9.00M.

HW Electro Co., Ltd. (HWEP) is set to join the NASDAQ on September 26. The shares will be offered at a fixed price of $4.00 per share. They are offering 4,150,000 shares, with an estimated deal size of $16.60M.

Neptune Insurance Holdings Inc. (NP) is preparing to launch its IPO on the NYSE exchange on October 01. The company is offering shares in the price range of $18.00 to $20.00. With 18,421,053 shares up for grabs, the expected deal size stands at $350.00M.

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

Best Regards,

Stocks Telegraph Team

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