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U.S. stocks traded mixed on Monday as investors assessed higher Treasury yields, economic uncertainty in Europe, and the start of the earnings season. 

As of 11:15 a.m. ET, the Dow slipped 0.2%, while the S&P 500 advanced 0.4% and the Nasdaq climbed 0.7%. The 10-year Treasury yield rose 2 basis points to 5.30%, its highest territory since 2007. 

Economic data offered mixed signals, with the ISM services index rising to 55.9 in September from 55.4, while its prices index jumped to 74 from 72.6. 

Despite elevated yields, geopolitical tensions, and Brent crude above $100, investor sentiment remained resilient.

Top Movers: Under $10 

AGM Group Holdings Inc (AGMH) is up 55.69% today to trade at the current level of $1.09. This comes after the company announced the closing of a US$11.0 million private placement.

HeartBeam Inc (BEAT) zoomed 64.47% in today’s trade to $0.71 after announcing that the FDA has granted Breakthrough Device Designation for the HeartBeam System as a tool for assessing potential heart attacks at home.

In current trading, Apimeds Pharmaceuticals US Inc (APUS) stock is trading at $4.86 after its subsidiary, MindWave Innovations Inc., signed a two-year agreement with BlockAssure to build and operate AssureChain, an on-chain insurance platform.

Alector Inc (ALEC) rose 23.11% in the early hours of today's trading to move to $2.23 after announcing an exclusive global licensing deal with Genentech to develop and commercialize Alector’s AL050 program worldwide.

In the current trading session, Aurora Cannabis Inc (ACB) jumped 15.10% to $4.51 over a previous close of $3.92 after Curaleaf raised its takeover offer by 25% to an implied $5 per share.

Ex-Dividend Stocks

First Bancorp Inc (ME) (FNLC) 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 $0.38 per share. It set October 06 as the record date and will pay the dividend on October 16. Last year, the company distributed $1.49 per share to shareholders. Based on last year's worth of payments, FNLC has a trailing yield of 4.36% on the current stock price of $34.21.

Another stock that is shelling out dividends tomorrow is Shoe Station Group Inc (SHOE), having a market capitalization of $341.97M. It will pay a dividend of $0.17 per share, with a payment date of which is October 20. Currently, the stock is trading at a trailing dividend yield of 5.09%.

Shares of Upbound Group Inc (UPBD) 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 $0.39 per share, and in the last 12 months, it paid a total of $1.56 per share. Last year's total dividend payments show that UPBD has a trailing yield of 9.81% on the current share price of $15.91.

Comcast Corp (CMCSA) is also set to go ex-dividend Wednesday. The next dividend payment from CMCSA will amount to $0.33 per share. October 07 has been designated as the record date for this dividend, with the actual payout scheduled for October 28. In the previous year, CMCSA distributed a total of $1.30 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CMCSA stands at 6.02% based on the current stock price of $21.57.

Gentex Corp (GNTX) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of October 07. Over the past 12 months, GNTX has paid out a total of $0.48 per share in dividends. Based on the total dividends paid out last year, GNTX boasts an impressive trailing yield of 2.17% on the current share price of $22.08.

Crypto Market Highlights

• Zcash has activated its NU7 network upgrade on testnet, moving closer to its planned mainnet rollout next month.

• An OKX joint venture has filed with the SEC to launch a tokenized stock trading platform.

• Greenfield Capital has filed a complaint with Swiss regulators over governance concerns at the Safe Ecosystem Foundation.

• A Zcash advocacy group has registered to lobby US policymakers on digital-asset regulations.

• Japan has added Russian crypto exchange Garantex to its expanded sanctions list over the war in Ukraine.

Most Shorted Stocks

Hertz Global Holdings Inc (HTZ) was one of the most shorted stocks as of latest short interest figures, with 32.83% 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 8.5. This represents a change of 1395033 shares, which corresponds to a 1.22% increase in short interest. The total value of the shares held short is estimated to be around $203.93 million. The average daily volume stands at 28.34M shares, and the market capitalization of the company is $627.35M.

The Groupon Inc with the symbol GRPN currently has a short interest of 50.94%. The short interest has changed by 1309073 shares. The days to cover ratio stands at 14.3. The estimated value of the shares held short is approximately $253.5 million. On an average day, 1.34M shares are traded, with the company's market capitalization totaling $785.25M.

For the stock Jack In The Box Inc (JACK), the current short interest is at 32.69%. This represents a significant short interest change of 282094 shares, corresponding to a short interest percentage increase of 4.78%. The days needed to cover the short positions amount to 11.1. The approximate worth of the shares held short is $76.95 million.

With the symbol BBAI, the stock currently has a short interest of 31.49%. The short interest change is 4697599 shares, compared with a short interest percentage change of 3.23%. It would take approximately 10.0 days to cover all the short positions. The shares short value is estimated to be around $16.38 million. The company boasts an average daily volume of 20.20M shares, contributing to a market capitalization of $1.27B.

The stock OCGN has a current short interest of 32.56%. The short interest percentage has experienced an increase of 7.89% while there was a change of 7752877 shares in short interest. The ratio indicating the time required to cover short positions is 10.4. The calculated worth of the shorted shares amounts to around $153.13 million. Trading activity averages 5.89M shares per day, while the company's market capitalization stands at $345.89M.

Upcoming IPO

AfterNext Acquisition I Corp. (AFNX) is set to debut on the NASDAQ exchange on October 07. The company plans to offer 10,000,000 shares at a fixed price of $10.00 per share, with the offering expected to raise approximately $100.00M through its IPO.

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

Best Regards,

Stocks Telegraph Team