Key Highlights

  • Datavault AI shares are trading 22.92% higher at $0.08 on October 28, 2026, two days after a restatement warning.
  • ProCap Financial shares are trading 8.24% higher at $4.07, with about 5,457 bitcoin held.
  • Upstart short interest was 35.50% of float for the September 30 settlement date, and results arrive November 3.
  • MARA shares sold short reached 111,935,490 at the October 15 settlement date, about 29.0% of shares outstanding (calculated).
  • The gap between the best and worst movers is 24.28 percentage points (calculated).

Which Fintech and Crypto-Treasury Stocks Are Moving on October 28, 2026?

Five names tied to lending technology, bitcoin and digital-asset treasuries are in focus on Wednesday, October 28, 2026. Datavault AI (NASDAQ:DVLT) is trading 22.92% higher at $0.08 after an October 26 restatement warning, and ProCap Financial (NASDAQ:BRR) is trading 8.24% higher at $4.07 with no dated release behind the move. Upstart (NASDAQ:UPST) is trading 0.44% higher at $23.82 ahead of November 3 results, MARA Holdings (NASDAQ:MARA) is trading 0.27% higher at $7.11 with a power-plant purchase pending, and Lion Group Holding (NASDAQ:LGHL) is trading 1.36% lower at $2.17 after a September shift in its treasury.

The sections below condense each name, followed by calculated comparisons and the dated events to watch. Where a single says no dated release explains a move, this article says the same.

Datavault AI: Why Is a Stock Under $0.10 Jumping After a Restatement Warning?

Datavault AI shares are trading 22.92% higher at $0.08, among the most active penny stocks of the session. No company release dated October 28 explains the move. It follows a Form 8-K signed October 26 saying four sets of financial statements should not be relied upon, so it looks like a bounce from a very low price rather than a reaction to good news.

The filing concerns a $150 million Bitcoin deal with Scilex Holding (NASDAQ:SCLX), which Datavault AI now says did not qualify as a digital asset. Expected asset reductions run from $8.1 million to $92.2 million across four period ends. Second-quarter revenue was $6.717 million, the net loss was $88.025 million and cash was $1.4 million, while a rights offering prices common units at $0.20. The market value is near $76 million (calculated).

ProCap Financial: Why Is a Bitcoin Treasury Name Among the Most Active Penny Stocks?

ProCap Financial shares are trading 8.24% higher at $4.07, which implies a prior close near $3.76 (calculated). No company release dated October 28 accompanies the move. The company holds about 5,457 bitcoin after buying 450 coins for about $35.4 million, announced March 3, 2026, and reported net asset value of $3.65 per basic share in a February 23 release.

Trailing twelve-month revenue is only about $86 thousand against a net loss of about $136.8 million. On September 18, 2026 the company announced it would join the Russell 2000 and Russell 3000 indexes, though no dated release ties today's volume to that. The market value is near $360 million (calculated).

Upstart: What Does 35.50% of Float Sold Short Mean Ahead of November 3?

Upstart shares are trading 0.44% higher at $23.82, and no company announcement accompanied the move. The company runs an artificial intelligence lending marketplace that connects more than 100 banks and credit unions with borrowers. Short-interest data for the September 30, 2026 settlement date showed 28,569,957 shares sold short, equal to 35.50% of float, with about 6.23 days to cover.

Second-quarter revenue rose 42% to $364.7 million, net income was $16.5 million and originations rose 50% to $4.23 billion, although the conversion rate eased to 19.7% from 21.0%. Full-year revenue guidance is about $1.4 billion. Third-quarter results are due Tuesday, November 3, 2026.

MARA Holdings: How Does a Heavily Shorted Bitcoin Miner Hold Steady?

MARA shares are trading 0.27% higher at $7.11, implying a prior close of about $7.09 (calculated), with no company release dated today. Short-interest data for the October 15, 2026 settlement date shows 111,935,490 shares sold short, up from 100,753,792 on September 30, with 3.18 days to cover. The position equals about 29.0% of shares outstanding (calculated), a share-count basis rather than a float measure.

The pending Long Ridge acquisition from FTAI Infrastructure (NASDAQ:FIP) has a total transaction value of about $1.5 billion and awaits FERC approval. Bitcoin-backed credit facilities, including one with Coinbase (NASDAQ:COIN), total $600 million. Second-quarter revenue fell 27% to $174.9 million, and the net loss was $611.3 million.

Lion Group Holding: What Did the Hyperliquid Treasury Shift Change?

Lion Group Holding shares are trading 1.36% lower at $2.17, and no dated release accompanied the decline. A release dated September 30, 2026 said the company sold all its Solana and part of its Bitcoin on September 29 to buy about 38,102 Hyperliquid (HYPE) tokens. It then held about 232,900 HYPE, valued at roughly $20.1 million.

An American depositary share ratio change effective on or about September 10 equals a one-for-twenty reverse split. Short interest was 12,848 shares for the October 15 settlement date, about 27.8% of the 46,144 shares outstanding (calculated), with 1.00 day to cover. Trailing twelve-month revenue was $7.26 million and the net loss was $8.48 million.

Fintech and Crypto-Treasury Movers Compared: Move Gaps, Price Levels and Short Positions

Datavault AI at 22.92% higher and Lion Group Holding at 1.36% lower are 24.28 percentage points apart (calculated). ProCap Financial's 8.24% gain is 7.80 points above Upstart's 0.44% (calculated) and 14.68 points below Datavault AI's (calculated). Upstart's $23.82 share price is $16.71 above MARA's $7.11 (calculated), or about 3.35 times as much (calculated).

Market values differ in a way share prices hide. Upstart's is about $2.24 billion and MARA's about $2.75 billion (calculated), a gap of about $0.51 billion (calculated).

Short positions use different bases. Upstart's 35.50% is a share of float for September 30, while MARA's 29.0% and Lion Group Holding's 27.8% are shares of shares outstanding for October 15, both calculated. Only those two compare directly, with a gap of 1.2 percentage points (calculated). Days to cover were 6.23 for Upstart, 3.18 for MARA and 1.00 for Lion Group Holding, so Upstart's is 3.05 days longer than MARA's (calculated).

What to Watch Next: Upstart on November 3, MARA Around November 11 and Datavault AI's Filings

Upstart reports third-quarter results on November 3, 2026, and MARA's are estimated for around November 11, with revenue expected near $186 million. The next short-interest update for Lion Group Holding covers the October 30 settlement date. Datavault AI has set no dates for restated filings, its rights offering runs about 18 trading days from its start, and its Nasdaq bid-price compliance period was extended to February 22, 2027. ProCap Financial's next quarterly report has no date, and MARA's Long Ridge deal still needs FERC approval.