Upcoming IPOs & $10 Rockets: Midday Stock Highlights

U.S. stocks held relatively flat on Monday despite renewed tariff threats from President Donald Trump, who warned of steep duties on additional countries over the weekend. Investors appeared unfazed, betting that any harsh measures would likely be negotiated down as attention shifted to a packed week of earnings.

As of 11:52 AM ET, the Dow was up 24.57 points, or 0.0554%, at $44396.09. The Nasdaq Composite added 47.5 points, or 0.21%, at $228.09. The S&P 500 rose 2.17 points, or 0.03%, to $6261.92. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Health Care leading the way with a 1.15% increase.

This week’s focus will also turn to key inflation data, which could offer deeper insights into how existing tariffs are influencing prices across the economy. On the earnings front, JPMorgan Chase and other major banks are slated to report starting Tuesday, adding another layer of anticipation for investors.

While last week ended in the red, the broader indexes remain near record levels as Wall Street weighs trade developments against corporate strength.

Top Movers: Under $10 

TROOPS Inc (TROO) is up 146.15% today to trade at the current level of $1.6. This comes after the company reported its subsidiary, Giant Connection Limited, has signed a Letter of Intent with WORLD HONOR HOLDINGS LIMITED to buy 49% of WORK, Inc., a co-working space operator in Taiwan.

Dare Bioscience Inc (DARE) zoomed 80.48% in today’s trade to $4.54 after reporting positive interim results from its Phase 3 trial of Ovaprene®, a monthly, hormone-free contraceptive, showing it is safe, effective, and well accepted.

In current trading, Sequans Communications S.A ADR (SQNS) stock is at $5.69 after announcing the acquisition of an additional 683 bitcoin for ~$79 million at an average price inclusive of fees of ~$116,213 per bitcoin.

VSee Health Inc (VSEE) rose 22.95% in the early hours of today's trading to move at $1.5 after announcing the launch of its new AI doctor notes, one of the solutions in its AI solutions suite.

In the current trading session, BIT Mining Ltd ADR (BTCM) jumped 22.48% to $4.85 over a previous close of $3.96 after announced the completion of the second phase of its acquisition of crypto mining data centers and Bitcoin mining machines in Ethiopia.

Ex-Dividend Stocks

Capital Southwest Corp (CSWC) 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 $0.25 per share. It has fixed September 15 as the record date for the same and will pay the actual dividend on September 30. Last year, the company distributed a total of $2.38 to its shareholders. Based on last year's payments, CSWC has a trailing yield of 10.25%, and the current stock price is $23.17.

Another stock that is shelling out dividends Wednesday is Apogee Enterprises Inc (APOG), having a market capitalization of $930.40M. It will pay a dividend of $0.26 per share, the payment date of which is July 31. Currently, the stock is trading at a trailing dividend yield of 2.36%.

Shares of Horizon Technology Finance Corp (HRZN) 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 $0.11 per share, and in the last 12 months, it paid a total of $1.32 per share. Last year's total dividend payments show that HRZN has a trailing yield of 16.06% on the current share price of $8.22.

Dime Community Bancshares Inc (DCOM) is also set to go ex-dividend Wednesday. The next dividend payment from DCOM will amount to $0.25 per share. July 17 has been designated as the record date for this dividend, with the actual payout scheduled for July 24. In the previous year, DCOM distributed a total of $1.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for DCOM stands at 3.48% based on the current stock price of $28.73.

Global Water Resources Inc (GWRS) will be paying out a dividend of $0.03 per share to shareholders holding their shares as of the close of the business hours on the record date of July 17. Over the past 12 months, GWRS has paid out a total of $0.30 per share in dividends. Based on the total dividends paid out last year, GWRS boasts an impressive trailing yield of 2.91% on the current share price of $10.32.

Crypto Market Highlights

• Grayscale filed to launch an IPO in the U.S., joining a growing number of crypto companies seeking public listings.

• SharpLink Gaming, a NASDAQ-listed sportsbook marketing firm, purchased nearly $49 million worth of Ether (ETH) as prices topped $3,000.

• Sonnet BioTherapeutics, a biotech company listed on Nasdaq, pivoted into crypto with an $888 million plan to launch a Hyperliquid (HYPE) digital asset treasury.

• Michael Saylor’s Strategy made another large Bitcoin investment as BTC hit a record high of $118,000. 

• Bhutan’s government, through Druk Holding, transferred 99.47 Bitcoin (worth $12.05 million) to Binance.

Most Shorted Stocks

GlucoTrack Inc (GCTK) was one of the most shorted stocks as of latest short interest figures, with 34.47% 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 170400 shares, which corresponds to a +695.51% increase in short interest. The total value of the shares held short is estimated to be around $1.11 million. The average daily volume stands at 595.51K shares, and the market capitalization of the company is $3.23M.

The Ascent Solar Technologies Inc with the symbol ASTI currently has a short interest of 33.12%. The short interest has changed by 861300 shares. The days to cover ratio stands at 0.4. The estimated value of the shares held short is approximately $1.83 million. On an average day, 2.26M shares are traded, with the company's market capitalization totaling $5.56M.

For the stock Bone Biologics Corp (BBLG), the current short interest is at 38.93%. This represents a significant short interest change of 491700 shares, corresponding to a short interest percentage increase of +1,644.48%. The days needed to cover the short positions amount to 1.1. The approximate worth of the shares held short is $1.54 million.

With the symbol WW, the stock currently has a short interest of ∞. The short interest change is 9490000 shares, compared with a short interest percentage change of +63.10%. It would take approximately 1.0 days to cover all the short positions. The shares' short value is estimated to be around $19.81 million. The company boasts an average daily volume of 266.97K shares, contributing to a market capitalization of $24.05M.

The stock CRSP has a current short interest of 30.90%. The short interest percentage has experienced an increase of +19.29% while there was a change of 4130000 shares in short interest. The ratio indicating the time required to cover short positions is 9.4. The calculated worth of the shorted shares amounts to around $1.38 billion. Trading activity averages at 2.64M shares per day, while the company's market capitalization stands at $4.85B.

Upcoming IPOs

K-Tech Solutions Company Limited (KMRK) is all set for its debut on the NASDAQ exchange on July 15. The shares will be offered at a fixed price of $4.00 per share. With a total of 2,000,000 shares available, the company aims to raise approximately $8.00M through this IPO.

Robot Consulting Co., Ltd. (LAWR) will be entering the market with its IPO on July 15, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $6.00. They plan to offer 3,750,000 shares, targeting a deal size of $18.75M.

Majestic Ideal Holdings Ltd (MJID) is also scheduled to make its debut on the NASDAQ exchange on July 18. They are offering shares in the price range of $6.00 to $7.00. The IPO includes 2,500,000 shares, aiming for a deal size of $16.25M.

NIQ Global Intelligence plc (NIQ) is set to join the NYSE on July 23. They are offering shares in the price range of $20.00 to $24.00. They are offering 50,000,000 shares, with an estimated deal size of $1.10B.

McGraw Hill, Inc. (MH) is preparing for its initial public offering on the NASDAQ exchange, slated for July 24. The company will offer shares in the price range of $19.00 to $22.00. A total of 24,390,000 shares will be made available, with the IPO expected to raise up to $500.00M.

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

Best Regards,

Stocks Telegraph Team

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