📰 Wall Street Midday Update: Top Gainers, Short Squeezes & IPO Watch

US markets traded cautiously on Monday following another positive week on Wall Street, with the S&P 500 posting modest gains while the Dow and Nasdaq remained largely unchanged after recent record highs fueled by strong April employment data.

Meanwhile, oil prices moved higher as geopolitical uncertainty intensified after Iran reportedly proposed a revised deal to US officials aimed at ending the ongoing conflict and easing sanctions. President Trump rejected the proposal, describing it as “totally unacceptable” in a social media post.

Investors are now closely watching upcoming US inflation data to assess the impact of rising energy prices on the broader economy. On the corporate front, Fox Corporation, Barrick Mining, and Constellation Energy all delivered quarterly earnings and revenue results that exceeded market expectations.

Top Movers: Under $10 

Functional Brands Inc (MEHA) is up 107.47% today to trade at the current level of $0.2. This comes after the company signed a binding agreement to acquire BullionFX and its main product, Alchemy, in an all-stock deal worth about $142.9 million.

Jiuzi Holdings Inc (JZXN) zoomed 98.90% in today’s trade to $1.80 after announcing key milestones from its strategic investment in AetheriumX’s flagship product, the Distributed Capital Intelligence Protocol.

In current trading, Odysight.ai Inc (ODYS) stock is at $6.75 after announcing the execution of a Cooperative Research and Development Agreement (CRADA) with the Naval Air Warfare Center Aircraft Division Lakehurst (NAWCAD), part of the U.S. Navy.

Exagen Inc (XGN) rose 26.78% in the early hours of today's trading to move at $3.74 after reporting first quarter 2026 results.

In the current trading session, Bit Digital Inc (BTBT) jumped 12.88% to $2.03 over a previous close of $1.8 after announcing the appointment of Daniel Kennedy as Head of Investor Relations.

Ex-Dividend Stocks

Arrow Financial Corp (AROW) 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 $0.3 per share. It has fixed May 12 as the record date for the same and will pay the actual dividend on May 26. Last year, the company distributed a total of $1.16 to its shareholders. Based on the last year's worth of payments, AROW has a trailing yield of 3.12% on the current stock price of $37.15.

Another stock that is shelling out dividends tomorrow is PC Connection Inc (CNXN), having a market capitalization of $1.68B. It will pay a dividend of $0.2 per share, the payment date of which is May 29. Currently, the stock is trading at a trailing dividend yield of 0.98%.

Shares of HBT Financial Inc (HBT) 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 $0.23 per share, and in the last 12 months, it paid a total of $0.86 per share. Last year's total dividend payments show that HBT has a trailing yield of 3.03% on the current share price of $28.4.

Northeast Bank (NBN) is also set to go ex-dividend tomorrow. The next dividend payment from NBN will amount to $0.01 per share. May 12 has been designated as the record date for this dividend, with the actual payout scheduled for May 26. In the previous year, NBN distributed a total of $0.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NBN stands at 0.03% based on the current stock price of $124.65.

Natural Health Trends Corp (NHTC) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of business hours on the record date of May 12. Over the past 12 months, NHTC has paid out a total of $0.70 per share in dividends. Based on the total dividends paid out last year, NHTC boasts an impressive trailing yield of 22.58% on the current share price of $3.1.

Crypto Market Highlights

• Michael Saylor signaled that Strategy will resume Bitcoin purchases this week after pausing briefly, despite noting during Tuesday’s earnings call that the company may occasionally sell portions of its BTC treasury.

• South Korean crypto holdings dropped from $83.3 billion to $41.4 billion in just over a year as investors shifted capital from digital assets into stocks.

• Seven major Bitcoin mining pools joined the Stratum V2 working group to help develop an open-standard protocol for communication between mining pool operators and individual miners.

• Consensys executive Bill Hughes said passing the Digital Asset Market Clarity Act of 2025 (CLARITY) could help bring the crypto industry back to the United States by improving regulatory clarity.

• Bank of England Governor Andrew Bailey said global regulators will need to negotiate with the United States over international stablecoin rules, given that most stablecoins are backed by and denominated in US dollars.

Most Shorted Stocks

Cardiff Oncology Inc (CRDF) was one of the most shorted stocks as of latest short interest figures, with 29.04% 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 22.2. This represents a change of 404244 shares, which corresponds to a 2.26% increase in short interest. The total value of the shares held short is estimated to be around $30.05 million. The average daily volume stands at 691.60K shares, and the market capitalization of the company is $112.12M.

The Artelo Biosciences Inc with the symbol ARTL currently has a short interest of 30.24%. The short interest has changed by -221943 shares. The days to cover ratio stands at 0.5. The estimated value of the shares held short is approximately $0.64 million. On an average day, 3.42M shares are traded, with the company's market capitalization totaling $2.38M.

For the stock 3D Systems Corp (DDD), the current short interest is at 28.07%. This represents a significant short interest change of -148198 shares, corresponding to a short interest percentage decrease of -0.38%. The days needed to cover the short positions amount to 20.1. The approximate worth of the shares held short is $96.33 million.

With the symbol RLYB, the stock currently has a short interest of 29.63%. The short interest change is 297023 shares, compared with a short interest percentage change of 26.79%. It would take approximately 20.7 days to cover all the short positions. The shares' short value is estimated to be around $560.84 million. The company boasts an average daily volume of 332.51K shares, contributing to a market capitalization of $76.07M.

The stock KSS has a current short interest of 26.77%. The short interest percentage has experienced a decrease of -3.11% while there was a change of -948035 shares in short interest. The ratio indicating the time required to cover short positions is 7.5. The calculated worth of the shorted shares amounts to around $20.39 million. Trading activity averages at 4.84M shares per day, while the company's market capitalization stands at $1.63B.

Upcoming IPOs

Fervo Energy Company (FRVO) is expected to debut on the NASDAQ exchange on May 13. The company will offer 55,555,555 shares at a price range of $21.00 to $24.00 per share, aiming to raise approximately $1.25B through its IPO.

GMR Solutions Inc. (GMRS) is all set for its debut on the NYSE exchange on May 13. The shares will be offered in a price range of of $22.00 to $25.00 per share. With a total of 31,914,893 shares available, the company aims to raise approximately $750.00M through this IPO.

Cerebras Systems Inc. (CBRS) is also scheduled to make its debut on the NASDAQ on May 14. They are offering shares in a price range of $115.00 to $125.00. The IPO includes 28,000,000 shares, aiming for a deal size of $3.36B.

EagleRock Land, LLC (EROK) is scheduled to launch its IPO on the NYSE exchange on May 14. The company plans to offer 17,300,000 shares in a price range of $17.00 to $20.00 per share, with an expected total raise of approximately $320.05M.

Riku Dining Group Limited (RIKU) is expected to begin trading on the NASDAQ exchange on May 15. The company plans to offer 5,000,000 shares at a price range of $4.00 to $6.00 per share, targeting an estimated raise of approximately $25.00M through its IPO.

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

Best Regards,

Stocks Telegraph Team

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