Cogent Communications (CCOI) had the lowest return in May 2004 by a US stock, returning -73.3%.

ASSET	MONTH	% RETURN
Cogent Communications (CCOI)	May 2004	-73.33%
Air Industries (AIRI)	May 2004	-69.09%
Precision Optics Corporation, Inc Common stock (POCI)	May 2004	-50.86%
Red Cat (RCAT)	May 2004	-46.43%
Harvard Bioscience (HBIO)	May 2004	-45.54%
Descartes Systems (DSGX)	May 2004	-43.78%
QXO (QXO)	May 2004	-43.24%
MasTec (MTZ)	May 2004	-40.69%
Natural Health Trend (NHTC)	May 2004	-40.24%
Imunon (IMNN)	May 2004	-38.46%
Opko Health (OPK)	May 2004	-37.89%
EZCORP (EZPW)	May 2004	-36.09%
Cerus (CERS)	May 2004	-34.55%
Brand House Collective (TBHC)	May 2004	-34.36%
Mitek Systems (MITK)	May 2004	-33.86%
Ainos (AIMD)	May 2004	-33.33%
BOS Better Online Solutions (BOSC)	May 2004	-32.12%
374Water Inc Common Stock (SCWO)	May 2004	-31.58%
Destination XL (DXLG)	May 2004	-30.17%
Odyssey Marine Exploration (OMEX)	May 2004	-28.71%
Cantaloupe (CTLP)	May 2004	-27.92%
LivePerson (LPSN)	May 2004	-27.91%
CASI Pharmaceuticals (CASI)	May 2004	-27.55%
BCB Bancorp (BCBP)	May 2004	-26.92%
SPAR (SGRP)	May 2004	-26.47%