AEHR Aehr Test Systems
XNAS
63.33
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AEHR
$63.33
—
Key stats
$63.33
- 52-Week Range
- $18.70 – $147.40
- YTD
- +185.79%
- IV Rank (30D)
- 34.07
- Straddle Price
- $17.25
- P/C Vol Ratio
- 0.41
- Market Cap
- $2.0B
- Open
- $64.92
- Day Range
- $61.61 – $65.99
- Volume
- 2,768,002
- Prev Close
- $60.60
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.19% |
| Beta vs SPY | 2.02 |
| Cost of Equity (CAPM) | 16.31% (VRP-adj) |
| WACC | 16.16% |
| Volatility Risk Premium | +27.6pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $-0.0B |
| Return on Equity (TTM) | -6.6% |
| Book / Price | 7.6% |
| Gross Margin (TTM) | 34.0% |
| FCF Margin (TTM) | -3.6% |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $95.56 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $90.96 |
| Bollinger Width / SMA20 | 62.6% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $2B |
Peers used for multiples: AAOI, AMD, DELL, DOCN, MU, SNDK, WDC, WULF
60-Day Conviction
47%
20-Day Fair Value
≈ by Nov 17, 2026
$63.60
α +0.4%
rank 17%
conviction
27%
40-Day Fair Value
≈ by Dec 16, 2026
$63.62
α +0.5%
rank 17%
conviction
13%
60-Day Fair Value
≈ by Jan 14, 2027
$62.48
α -1.3%
rank 17%
conviction
47%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 22.0× · 6 peers |
| Peer EV/EBITDA | n/a | 0% | median 22.9× · 6 peers |
| Peer P/B | $62.87 | 22% | median 13.7× · 7 peers |
| Peer P/S | $18.27 | 22% | median 11.1× · 8 peers |
| Market Anchor (SMA50) | $95.56 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $57.98 | 56% | 24 strikes · skew +0.18 |
As of 2026-10-19 · updated
Related
About
- Industry (SIC)
- INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS (3825) · industry map
- Exchange
- XNAS
- Market Cap
- $2.0B
- Employees
- 138
- List Date
- 1997-08-15
- CIK
- 0001040470
- Next Earnings
- 2026-11-02 (After-Close)
- EPS Forecast
- $0.05 (2 est.)
- Headquarters
- Fremont, CA
- Homepage
- https://www.aehr.com
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing, and selling of advance test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -5.37% | -45.49% | 90.10% | -40.48% | -31.54% | 15.70% | -2.85% |
| Feb | 16.67% | 3.50% | -3.31% | 7.75% | -10.49% | 43.63% | 9.63% |
| Mar | -18.45% | -22.74% | -13.81% | -29.78% | -17.63% | -15.78% | -19.70% |
| Apr | -12.06% | -22.58% | -23.96% | -3.00% | 8.66% | 128.69% | 12.62% |
| May | 2.27% | 2.82% | 27.24% | -1.88% | 14.11% | -0.80% | 7.29% |
| Jun | 9.96% | -14.19% | 7.06% | 0.00% | 33.85% | 2.61% | 6.55% |
| Jul | 106.62% | 64.41% | 17.90% | 70.00% | 19.77% | -6.21% | 45.41% |
| Aug | 30.19% | 17.54% | -4.99% | -8.10% | 48.16% | -13.56% | 11.54% |
| Sep | 93.62% | 4.29% | -11.50% | -4.89% | 21.02% | 30.07% | 22.10% |
| Oct | 79.52% | 39.93% | -49.62% | 14.85% | -21.83% | -37.67%* | 4.20% |
| Nov | -22.78% | 35.50% | -3.37% | -1.49% | -11.65% | -- | -0.76% |
| Dec | 57.22% | -25.83% | 10.17% | 30.94% | -10.39% | -- | 12.42% |
| Total | 910.72% | -15.61% | -12.75% | -5.65% | 11.33% | 114.14% | 167.03% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $89.28
SMA 50: $94.76
SMA 200: $72.83
Current: $63.33
EMA 12: $77.76
EMA 26: $85.31
MACD: -7.5487 | Signal: -3.7285
BEARISH
ADX (14): 21.42
WEAK TREND
+DI: 14.00
−DI: 31.81
Momentum Oscillators
RSI (14): 30.47
NEUTRAL
Stoch %K: 6.76
Stoch %D: 7.66
Williams %R: -94.18
Volume & Volatility
BB Upper: $117.65
BB Lower: $60.91
NEUTRAL
OBV: 62,261,341
Vol SMA 20: 2,652,038
Vol ROC: 32.93%
ATR: $8.10
True Range: $5.39
HV 20: 87.5%
HV 30: 90.6%
HV 60: 118.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-21T00:00:00 – 2026-10-19T00:00:00
AI Analysis
AEHR (Aehr Test Systems) – Comprehensive Stock Analysis
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
Key Drivers & Primary Risks:
- Bullish Driver: Positive AI/semiconductor narrative with recent analyst upgrades; MACD histogram showing early bullish momentum (0.80)
- Bearish Drivers: Stock trading 13.7% below 20-day MA ($94.77 vs $84.64), significant technical breakdown with price below all major moving averages; extreme volatility (Beta 5.33) creating elevated execution risk; insider selling ($3.3M+ in recent months despite "soaring" characterization)
Investment Thesis: AEHR exhibits classic characteristics of a high-momentum semiconductor equipment play that has experienced sharp recent weakness. While the underlying AI narrative remains intact and early MACD signals suggest potential stabilization, the stock's extreme volatility (Beta 5.33), massive technical deterioration (price significantly below all key MAs), and coordinated insider selling activity suggest institutional conviction may be wavering. The sharp 13.7% pullback from the 20-day MA combined with near-term earnings (2026-11-02) presents substantial downside risk unless the stock can reclaim the $94.77 support level.
Recent News Sentiment Impact: News sentiment is POSITIVE (+4 positive vs 0 negative in last 10 articles), but this sentiment appears misaligned with current price action. The timing of insider sales coinciding with "soaring stock" commentary (Aug 4-31, Sept 21) suggests insiders may have been trimming positions ahead of this recent decline. The most recent positive comparative analysis (Sept 30) has not arrested the downtrend, reducing its credibility as an immediate catalyst.
Technical Analysis
Trend Direction
| Timeframe | Status | Analysis | |-----------|--------|----------| | Short-term (1-4 weeks) | BEARISH | Price $84.64 is 10.7% below SMA20 ($94.77), price action decisively below all moving averages. ADX 16.0 indicates weak directional conviction but current trend is downward. Stochastic %K at 9.73 and Williams %R at -93.31 suggest near-term oversold conditions but no reversal confirmation yet. | | Medium-term (1-3 months) | BEARISH | Price remains between SMA50 ($98.02) and SMA200 ($71.37). While not below the 200-day, the stock has lost 13.7% from its 20-day average and is showing no mean reversion urgency. EMA12 ($94.04) and EMA26 ($94.74) are converging, indicating momentum loss. | | Long-term (3-12 months) | NEUTRAL/MIXED | SMA200 at $71.37 represents a ~18% downside floor from current price. The fact that the stock is still trading above the 200-day MA suggests the longer-term uptrend hasn't completely broken, but the rapid deterioration from SMA20 to current price indicates intermediate downtrend formation. |
Support/Resistance Levels
| Level | Price | Significance | Status | |-------|-------|--------------|--------| | Immediate Resistance | $94.77 | SMA20 – Critical recapture level; loss of this level confirms bearish breakdown | Currently Below | | Primary Resistance | $98.02 | SMA50 – Secondary resistance if $94.77 reclaimed | Untested on bounce | | First Support | $79.65 | Lower Bollinger Band – Provides psychological support; 5.9% downside from current | Active support zone | | Secondary Support | $71.37 | SMA200 – Long-term support and ~15.7% downside from current | Key capitulation level | | Strong Resistance | $109.89 | Upper Bollinger Band – Would require significant reversal; 29.9% upside | Far from current action |
Momentum Signals
RSI (14): 41.04 – NEUTRAL with Bearish Bias
- Reading is technically neutral (30-70 range) but positioned in lower half, indicating weak momentum
- Not yet at oversold (<30), so potential for further deterioration
- A break below 30 would signal panic selling opportunity; break above 50 needed for bullish confirmation
MACD: -0.70 / Signal: -1.50 / Histogram: +0.80 – EARLY BULLISH DIVERGENCE
- Critical Signal: Histogram is POSITIVE (0.80) and increasing, indicating MACD is crossing above signal line
- This is the first bullish technical signal in the data, suggesting potential momentum inflection
- However: MACD remains negative in absolute terms (-0.70), so this is an early-stage reversal signal, not confirmation
- Caution warranted: MACD signals are most reliable when confirmed by price action; current price action contradicts this setup
Stochastic Oscillators: SEVERELY OVERSOLD
- %K: 9.73 (extreme oversold, <20 threshold)
- %D: 22.16 (oversold territory, <30 threshold)
- Williams %R: -93.31 (extreme oversold)
- Interpretation: These readings typically precede mean reversion, but oversold conditions can persist and worsen. This suggests near-term bounce potential but not guaranteed reversal.
Bollinger Bands: NEUTRAL (Price near middle band)
- Price at $84.64 vs. middle band $94.77 = price below center
- Upper Band: $109.89 (25.9% upside)
- Lower Band: $79.65 (5.9% downside)
- Band Width: 31.90 – Indicates moderate volatility; not in squeeze phase, so volatility expansion possible
- Current position suggests neither overbought nor oversold from BB perspective (contradicts stochastic readings)
Volume Analysis
Volume Deterioration Signal:
- Volume Rate of Change: -27.69% – Recent volume is 27.7% below the 20-day average
- Interpretation: Declining volume during downtrend is BEARISH; indicates weak institutional commitment to selling pressure. Contrasts with the extreme technicals (stochastic oversold), suggesting the decline has lacked conviction.
- Volume SMA20: 2.396M shares – For context on typical daily volume
On-Balance Volume: 81.924M
- OBV trending and without recent inflection data, difficult to assess accumulation vs. distribution
- Data Gap: Would benefit from OBV slope confirmation (rising = accumulation, falling = distribution)
Institutional Interest Assessment:
- The -27.69% volume decline suggests institutions may be pulling back from trading activity, which is typical of uncertain sentiment
- Low volume on the decline creates risk of capitulation move if volume spike occurs to downside
News & Sentiment Analysis
Recent Headlines Summary
| Date | Headline | Sentiment | Thematic Focus | |------|----------|-----------|-----------------| | 2026-09-30 | AEHR vs CAMT comparative analysis | POSITIVE | Market positioning; AEHR favorably positioned | | 2026-09-21 | Valuation concerns at 18.59X Sales | NEUTRAL | AI narrative strength but valuation skepticism | | 2026-09-14 | Diversification as growth strengthener | POSITIVE | Business model expansion thesis | | 2026-08-31 | Insider sells $847K | POSITIVE* | Sentiment labeled positive but content is insider selling | | 2026-08-11 | VP sells 1,000 shares amid rally | POSITIVE | Sentiment labeled positive but content is insider selling | | 2026-08-04 | Insider sells $2.5M amid rally | POSITIVE | *Sentiment labeled positive but content is insider selling |
Sentiment Assessment & Contradiction
Headline Sentiment: POSITIVE (4 favorable, 0 negative, 2 mixed)
Critical Conflict Identified: The news labeling appears to misrepresent insider selling activity as "positive." While the reporting tone is neutral/analytical, three recent insider sales totaling $3.3M+ (Aug 4, Aug 11, Aug 31) directly contradict the "soaring stock" characterization and suggest insiders were strategically reducing exposure at higher prices.
Proper Sentiment Reinterpretation:
- Positive Catalysts: AI demand narrative, diversification thesis
Generated
News
All AEHR news →
Earnings History
10 of 19 under expected move
Avg Expected Move
21.38%
Avg Actual Move
19.62%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-09-23 | After-Close | 29.37% | 34.30% | 1.17x | Exceeded |
| 2022-01-06 | After-Close | 22.95% | 21.44% | 0.93x | Within |
| 2022-03-31 | After-Close | 19.69% | 2.36% | 0.12x | Within |
| 2022-10-06 | After-Close | 20.19% | 23.94% | 1.19x | Exceeded |
| 2023-01-05 | After-Close | 18.70% | 32.08% | 1.72x | Exceeded |
| 2023-03-30 | After-Close | 22.76% | 16.66% | 0.73x | Within |
| 2023-07-13 | After-Close | 18.10% | 18.18% | 1.00x | Exceeded |
| 2023-10-05 | After-Close | 19.57% | 12.60% | 0.64x | Within |
| 2024-01-09 | After-Close | 20.72% | 16.82% | 0.81x | Within |
| 2024-04-09 | After-Close | 16.81% | 2.12% | 0.13x | Within |
| 2024-07-16 | After-Close | 18.56% | 22.39% | 1.21x | Exceeded |
| 2024-10-10 | After-Close | 24.21% | 20.27% | 0.84x | Within |
| 2025-01-13 | After-Close | 19.07% | 27.08% | 1.42x | Exceeded |
| 2025-04-08 | After-Close | 25.44% | 29.20% | 1.15x | Exceeded |
| 2025-07-08 | After-Close | 24.23% | 12.39% | 0.51x | Within |
| 2025-10-06 | After-Close | 22.35% | 17.38% | 0.78x | Within |
| 2026-01-08 | After-Close | 18.94% | 15.95% | 0.84x | Within |
| 2026-04-07 | After-Close | 23.48% | 25.69% | 1.09x | Exceeded |
| 2026-07-14 | After-Close | 21.04% | 21.91% | 1.04x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
AEHR Options Activity & IV Rank
AEHR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 118.0%
7-DTE IV: 106.3%
Expected Move: $17.25
7-DTE Move: $5.97
Days to Exp: 32 (2026-11-20)
Options Flow
Call Volume: 405
Put Volume: 166
P/C Volume: 0.41
BULLISH
Call OI: 3,532
Put OI: 4,852
P/C OI: 1.374
Total OI: 8,384
ATM Options Pricing
ATM Call: $9.25
ATM Put: $8.00
Call %: 14.6%
Put %: 12.6%
Chain Summary
Chain Volume: 15,613
Chain OI: 127,729
Last Updated: 10/19/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 9th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
9%
vs own history
GEX tilt
-0.16
OI-weighted, today
Vanna tilt
+0.22
δ-sensitivity to IV
Charm tilt
-0.30
δ-decay vs time
? What is this?
· 99 ATM contracts, 12k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
81%
+11.3
pts
EXTREME
ATM 102.0% / Wing 113.3%
30 DTE / 10d
24%
+0.0
pts
EXTREME
ATM 116.5% / Wing 116.5%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)14.4LowOct 19
IV Rank (30 DTE)34.1MediumOct 19
Straddle Price (30 DTE)$17.25Oct 19
Beta Analysis
Risk Metrics
Beta: 5.5298
Alpha: 85.99%
Correlation: 0.5640
R-Squared: 31.8%
Stock Volatility: 124.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own AEHR
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $38.5M | #815 of 6285 | +183.6% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $12.9M | #917 of 3138 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $10.5M | #1544 of 3716 | +13.6% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $874K | #1787 of 4729 | -49.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
AEHR Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 30,132,000 (as of 2026-02-27)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
20 filers$447.46M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $114.45M | 25.58% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $60.75M | 13.58% | 2026-06-30 |
| 3 | GRATIA CAPITAL, LLC | $55.28M | 12.35% | 2026-06-30 |
| 4 | Caption Management, LLC | $46.97M | 10.50% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $44.98M | 10.05% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $34.84M | 7.79% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $31.73M | 7.09% | 2026-06-30 |
| 8 | UBS Group AG Custodian | $14.41M | 3.22% | 2026-06-30 |
| 9 | Point72 Asset Management, L.P. | $11.17M | 2.50% | 2026-06-30 |
| 10 | PEAK6 LLC | $11.14M | 2.49% | 2026-06-30 |
| 11 | Wolverine Trading, LLC Custodian | $5.53M | 1.24% | 2025-09-30 |
| 12 | Walleye Trading LLC | $3.96M | 0.88% | 2026-06-30 |
| 13 | Cubist Systematic Strategies, LLC | $3.73M | 0.83% | 2025-09-30 |
| 14 | D. E. Shaw & Co., Inc. Custodian | $3.23M | 0.72% | 2026-06-30 |
| 15 | Simplex Trading, LLC Custodian | $2.36M | 0.53% | 2026-06-30 |
| 16 | Alphadyne Asset Management LP | $989.42K | 0.22% | 2026-06-30 |
| 17 | Walleye Capital LLC | $826.12K | 0.18% | 2026-06-30 |
| 18 | Two Sigma Investments, LP Custodian | $643.60K | 0.14% | 2026-06-30 |
| 19 | Squarepoint Ops LLC | $259.36K | 0.06% | 2026-06-30 |
| 20 | TUDOR INVESTMENT CORP ET AL | $201.73K | 0.05% | 2026-06-30 |
17 filers$420.73M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $108.93M | 25.89% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $76.98M | 18.30% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $71.37M | 16.96% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $66.83M | 15.88% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $49.03M | 11.65% | 2026-06-30 |
| 6 | Point72 Asset Management, L.P. | $9.95M | 2.37% | 2026-06-30 |
| 7 | D. E. Shaw & Co., Inc. Custodian | $8.68M | 2.06% | 2026-06-30 |
| 8 | Walleye Trading LLC | $7.56M | 1.80% | 2026-06-30 |
| 9 | Cubist Systematic Strategies, LLC | $6.64M | 1.58% | 2025-09-30 |
| 10 | Wolverine Trading, LLC Custodian | $3.89M | 0.92% | 2025-09-30 |
| 11 | Simplex Trading, LLC Custodian | $3.60M | 0.86% | 2026-06-30 |
| 12 | UBS Group AG Custodian | $2.87M | 0.68% | 2026-06-30 |
| 13 | Alphadyne Asset Management LP | $2.49M | 0.59% | 2026-06-30 |
| 14 | Two Sigma Investments, LP Custodian | $941.39K | 0.22% | 2026-06-30 |
| 15 | PEAK6 LLC | $691.63K | 0.16% | 2026-06-30 |
| 16 | TUDOR INVESTMENT CORP ET AL | $249.76K | 0.06% | 2026-06-30 |
| 17 | Walleye Capital LLC | $19.21K | <0.01% | 2026-06-30 |
AEHR Insider Trading (Form 4)
Latest: 2026-10-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-13 | Adil Engineer | Chief Operating Officer | Tax (F) | −547 | $84.64 | -$46.3K | EDGAR |
| 2026-10-13 | Chris Siu | CFO | Tax (F) | −987 | $84.64 | -$83.5K | EDGAR |
| 2026-10-13 | Vernon Rogers | Exec VP of Sales & Mktg. | Tax (F) | −426 | $84.64 | -$36.1K | EDGAR |
| 2026-10-13 | Donald P. Richmond II | CTO | Tax (F) | −388 | $84.64 | -$32.8K | EDGAR |
| 2026-10-13 | Gayn Erickson | President and CEO | Tax (F) | −2,675 | $84.64 | -$226.4K | EDGAR |
| 2026-10-13 | Alistair N Sporck | VP Contactor Business Unit | Tax (F) | −295 | $84.64 | -$25.0K | EDGAR |
| 2026-10-05 | Vernon Rogers | Exec VP of Sales & Mktg. | Tax (F) | −476 | $107.21 | -$51.0K | EDGAR |
| 2026-10-05 | Chris Siu | CFO | Tax (F) | −1,164 | $107.21 | -$124.8K | EDGAR |
| 2026-10-05 | Alberto Salamone | EVP, PPBI BUSINESS | Tax (F) | −556 | $107.21 | -$59.6K | EDGAR |
| 2026-10-05 | Alistair N Sporck | VP Contactor Business Unit | Tax (F) | −345 | $107.21 | -$37.0K | EDGAR |
| 2026-10-05 | Adil Engineer | Chief Operating Officer | Tax (F) | −620 | $107.21 | -$66.5K | EDGAR |
| 2026-10-05 | Gayn Erickson | President and CEO | Tax (F) | −3,239 | $107.21 | -$347.3K | EDGAR |
| 2026-10-05 | Donald P. Richmond II | CTO | Tax (F) | −439 | $107.21 | -$47.1K | EDGAR |
| 2026-10-02 | Adil Engineer | Chief Operating Officer | Mixed | +632 | $17.91 | -$5.1K | EDGAR |
| 2026-10-02 | Didier Wimmers | Executive VP of R&D | Mixed | +1,257 | $10.43 | $3.3K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
AEHR Insider Holdings
14 insiders · @ $63.33
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Rhea J Posedel | Director | 429,145 | $27.18M | -$24.48M | 87 | 2026-08-14 |
| 2 | Gayn Erickson | President and CEO | 349,884 | $22.16M | -$39.88M | 142 | 2026-10-13 |
| 3 | Vernon Rogers | Exec VP of Sales & Mktg. | 186,879 | $11.84M | -$7.95M | 77 | 2026-10-13 |
| 4 | Donald P. Richmond II | CTO | 186,728 | $11.83M | -$6.21M | 87 | 2026-10-13 |
| 5 | Howard T Slayen | Director | 140,667 | $8.91M | -$9.26M | 72 | 2026-08-14 |
| 6 | Chris Siu | CFO | 81,778 | $5.18M | -$229.7K | 36 | 2026-10-13 |
| 7 | Geoffrey Gates Scott | Director | 75,603 | $4.79M | -$24.11M | 35 | 2026-08-13 |
| 8 | Adil Engineer | Chief Operating Officer | 45,942 | $2.91M | -$3.10M | 39 | 2026-10-13 |
| 9 | Alberto Salamone | EVP, PPBI BUSINESS | 42,873 | $2.72M | -$4.04M | 21 | 2026-10-05 |
| 10 | Avijit K. Ray-Chaudhuri | Executive VP of R&D | 28,318 | $1.79M | $151.4K | 10 | 2024-10-29 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
AEHR Proposed Insider Sales (Form 144)
Latest: 2026-08-17
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
13 filings
· $17.3M notice value
· 9 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Erickson Gayn (1, $5.2M) · SLAYEN HOWARD T (2, $2.9M) · SCOTT GEOFFREY GATES (1, $2.6M) · ENGINEER ADIL (1, $2.0M) · POSEDEL RHEA J (2, $1.9M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-17 | ROGERS VERNON | Officer | 3,994 | $574.2K | 2026-08-17 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-14 | ROGERS VERNON | Officer | 2,000 | $273.0K | 2026-08-14 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-14 | SLAYEN HOWARD T | Director | 5,700 | $753.9K | 2026-08-14 | Charles Schwab Corp. | — | EDGAR |
| 2026-08-14 | POSEDEL RHEA J | Director | 5,973 | $836.2K | 2026-08-14 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-08-13 | SALAMONE ALBERTO | Officer | 9,672 | $1.24M | 2026-08-13 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-12 | SCOTT GEOFFREY GATES | Director | 20,000 | $2.63M | 2026-08-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-12 | OLIPHANT LAURA | Director | 1,717 | $228.4K | 2026-08-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-12 | Erickson Gayn | Officer, Director | 40,000 | $5.23M | 2026-08-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-12 | ENGINEER ADIL | Officer | 15,000 | $1.97M | 2026-08-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-12 | POSEDEL RHEA J | Director | 8,413 | $1.09M | 2026-08-12 | Oppenheimer & Co, Inc | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
55 ETFs hold AEHR
25 shown · $359.80M total exposure · 0.04% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $98.0M | — | 2026-09-30 |
| 2 | VGT Vanguard Information Technology ETF | Vanguard | 0.04% | $71.0M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.07% | $57.0M | $75.2B | 2026-10-15 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $34.3M | — | 2026-09-30 |
| 5 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.15% | $20.5M | $13.4B | 2026-10-15 |
| 6 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.10% | $18.4M | — | 2026-09-30 |
| 7 | PTF Invesco Dorsey Wright Technology Momentum ETF | Nport | 2.99% | $17.4M | — | 2026-07-31 |
| 8 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.06% | $12.8M | — | 2026-05-31 |
| 9 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.32% | $4.2M | $1.3B | 2026-10-16 |
| 10 | DWAS Invesco Dorsey Wright SmallCap Momentum ETF | Nport | 0.96% | $4.0M | — | 2026-05-31 |
| 11 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.21% | $3.4M | — | 2026-09-30 |
| 12 | EUV Corgi Lithography & Semiconductor Photonics ETF | Corgi | 1.00% | $3.0M | $297.3M | 2026-10-16 |
| 13 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.8M | $96.0B | 2026-10-15 |
| 14 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.01% | $1.8M | — | 2026-10-15 |
| 15 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.12% | $1.5M | $1.3B | 2026-10-16 |
| 16 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $1.5M | — | 2026-05-31 |
| 17 | ISMD Inspire Small/Mid Cap ETF | Nport | 0.43% | $1.4M | — | 2026-05-31 |
| 18 | IGM iShares Expanded Tech Sector ETF | iShares (BlackRock) | 0.01% | $1.1M | $10.8B | 2026-10-15 |
| 19 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.04% | $964,511 | $2.7B | 2026-10-15 |
| 20 | RSSL Global X Russell 2000 ETF | Global X | 0.07% | $925,483 | — | 2026-10-16 |
| 21 | ETHO Amplify Etho Climate Leadership U.S. ETF | Amplify | 0.49% | $922,938 | $189.0M | 2026-10-16 |
| 22 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.02% | $774,529 | $4.1B | 2026-10-15 |
| 23 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.00% | $708,364 | $21.6B | 2026-10-15 |
| 24 | ISCG iShares Morningstar Small-Cap Growth ETF | iShares (BlackRock) | 0.07% | $654,173 | $932.0M | 2026-10-15 |
| 25 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.00% | $649,259 | $20.3B | 2026-10-15 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.30
TTM Revenue
$49.47M
TTM Net Income
$-9.16M
TTM Op. Cash Flow
—
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-02-27 | $10.31M | $-3.20M | $-0.10 | — |
| Q4 '25 | 2025-11-28 | $9.88M | $-3.23M | $-0.11 | — |
| Q3 '25 | 2025-08-29 | $10.97M | $-2.08M | $-0.07 | $-282.00K |
| Q1 '25 | 2025-02-28 | $18.31M | $-643.00K | $-0.02 | — |
| Q4 '24 | 2024-11-29 | $13.45M | $-1.03M | $-0.03 | — |
| Q3 '24 | 2024-08-30 | $13.12M | $660.00K | $0.02 | $2.38M |
| Q1 '24 | 2024-02-29 | $7.56M | $-1.47M | $-0.05 | — |
| Q4 '23 | 2023-11-30 | $21.43M | $6.09M | $0.20 | $-787.00K |
| Q3 '23 | 2023-08-31 | $20.62M | $4.67M | $0.16 | $3.90M |
| Q1 '23 | 2023-02-28 | $17.21M | $4.13M | $0.14 | $-5.87M |
| Q4 '22 | 2022-11-30 | $14.81M | $3.73M | $0.13 | $2.99M |
| Q3 '22 | 2022-03-04 | $10.67M | $589.00K | $0.02 | — |
Q1 2026 • period ending 2026-02-27 • filed 2026-04-08
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
13.75
P/S
38.57
EV/EBITDA
—
EV/Sales
37.83
ROE
-6.6%
ROA
-5.8%
Div Yield
0.00%
FCF Yield
—
Debt/Equity
0.00
Current Ratio
—
Market Cap
$1.91B
as of 2026-10-19
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.22M
SI % of Float
16.70%
Days to Cover
2.42
Short Vol Ratio
55.8%
Free Float
31.26M
Float %
95.7%
Short interest 2026-09-30 • Short volume 2026-10-19 • Float 2026-09-22