This Morning’s Hot Stocks to Watch: Biotech Breakouts, Uranium Squeezes, and Short Sellers on the Ropes

May 23, 2025

DENVER, Colo., May 23, 2025 (247marketnews.com)- This morning is kicking off with explosive momentum across a handful of small-cap names making noise for very different, yet equally compelling, reasons. From clinical-stage biotech to uranium revival plays and meme-worthy short squeezes, here’s what traders should have on their screens:

🔬 Imunon (NASDAQ:IMNN)

Catalyst: S-1 Withdrawal + ASCO Presentation

Imunon made a savvy move this week by pulling its Form S-1 registration, signaling it won’t pursue a public offering—for now. The timing aligns perfectly with this morning’s lead-in to the company’s upcoming oral presentation at the 2025 ASCO Annual Meeting, where it will highlight game-changing survival data for its DNA-based immunotherapy, IMNN-001, in advanced ovarian cancer.

Early reaction suggests traders see the move as a vote of confidence: Imunon isn’t raising cash because it believes the data will speak for itself and possibly bring in better financing or partnership options down the line.

📡 Siyata Mobile (NASDAQ:SYTA)

Catalyst: Short Squeeze Acceleration

SYTA is continuing its parabolic move, with short sellers increasingly boxed into a corner. According to Fintel, FINRA Short Volume clocked in at 13,568,985 shares yesterday, representing a massive 46.98% Short Volume Ratio. With heavy volume and upward pressure, this has the hallmarks of a classic short squeeze in motion.

The squeeze is being fueled not just by technicals, but by improving sentiment around Siyata’s upcoming Core Gaming merger. Shorts appear to be in serious trouble as this one turns into a battleground stock.

⚛️ Snow Lake Resources (NASDAQ:LITM) & Centrus Energy (NYSE:LEU)

Catalyst: Trump’s Defense Production Act Uranium Revival

These two uranium stocks are on fire this morning, riding a wave of renewed interest following reports that the Trump camp is ready to invoke the 1950 Defense Production Act to reinvigorate domestic uranium mining and enrichment. That move would be aimed at securing fuel for defense and national energy resilience,something both LITM and LEU are well positioned to benefit from.

  • LEU, with its enrichment infrastructure, is seen as a direct winner if federal contracts materialize.
  • LITM, which recently acquired a uranium project in Wyoming, is catching speculative fire as one of the few junior names gaining early exposure to the policy shift.

Traders are noting high short interest in both names and squeezes could accelerate if volume stays elevated.

🧠 MicroAlgo Inc. (NASDAQ:MLGO)

Catalyst: Technical Momentum

MLGO is bouncing on high retail interest, with price action pointing to algorithm-driven volatility. MicroAlgo has been flagged by day traders for its low float and history of sharp intraday spikes.

🌸 BloomZ (NASDAQ:BLMZ)

Catalyst: Early Volume + Social Buzz

BLMZ is beginning to light up premarket scanners thanks to chatter on retail trading forums. With a recent pivot into AI-powered social content moderation tools and a share structure that lends itself to volatility, BLMZ could be positioning for a sentiment-fueled breakout.

Top Plays to Watch Closely: IMNN, SYTA, LEU, LITM
High-Risk Momentum Setups: MLGO, BLMZ

As always, manage risk, these stocks are moving fast, and the trading tape is writing its own headlines in real time.

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