MRO Holdings acquisition positions AAR for $4.3B revenue scale and 19-20% margins.
AIR AAR Corp.
XNYS
96.67
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.
AIR
$96.67
—
Key stats
$96.67
Pre-market
$96.65
-0.02%
- 52-Week Range
- $76.10 – $154.00
- YTD
- +14.47%
- IV Rank (30D)
- 15.76
- Straddle Price
- $9.97
- P/C Vol Ratio
- 0.62
- Market Cap
- $4.0B
- Open
- $97.93
- Day Range
- $94.05 – $98.63
- Volume
- 671,615
- Prev Close
- $99.64
Fair Value
MODEL: NEUTRAL
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) | 5.12% |
| Beta vs SPY | 1.05 |
| Cost of Equity (CAPM) | 10.92% (VRP-adj) |
| WACC | 9.88% |
| Volatility Risk Premium | +39.3pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 23.9% |
| Rev. Growth (YoY, DCF input) | +15.4% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | 11.1% |
| Book / Price | 45.7% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 19.1% |
| FCF Margin (TTM) | 4.6% |
| Debt / Equity | 0.50 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +15.2% (reverse-DCF on current price) |
| SMA 50 | $118.02 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $101.91 |
| Bollinger Width / SMA20 | 19.6% (drives anchor stability) |
| Net Debt | $0.8B |
| Market Cap | $4B |
Peers used for multiples: ASML, BA, GD, GE, LMT, MOG.A, RKLB, RTX
60-Day Conviction
12%
20-Day Fair Value
≈ by Nov 23, 2026
$97.05
α +0.4%
rank 47%
conviction
27%
40-Day Fair Value
≈ by Dec 22, 2026
$96.74
α +0.1%
rank 27%
conviction
2%
60-Day Fair Value
≈ by Jan 20, 2027
$96.96
α +0.3%
rank 44%
conviction
12%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $97.93 | 21% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $164.49 | 6% | median 30.7× · 6 peers |
| Peer EV/EBITDA | $173.45 | 6% | median 19.5× · 5 peers |
| Peer P/B | $434.72 | 6% | median 9.8× · 7 peers |
| Peer P/S | $261.83 | 6% | median 2.7× · 7 peers |
| Market Anchor (SMA50) | $118.02 | 34% | stability 81% (BB-width) |
| Options Expected (B-L 30d) | $96.27 | 21% | 28 strikes · skew +0.71 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- AIRCRAFT & PARTS (3720) · industry map
- Exchange
- XNYS
- Market Cap
- $4.0B
- Employees
- 7,100
- List Date
- 1972-06-01
- CIK
- 0000001750
- Headquarters
- Wood Dale, IL
- Homepage
- https://www.aarcorp.com
AAR Corp offers a broad line of products and services to commercial and government aerospace customers and operates internationally. It is a diversified provider of services and products to the commercial aviation and government and defense markets, serving aircraft fleet operators, original equipment manufacturers, independent service providers, and domestic and foreign military customers. It operates through the Parts Supply, Repair, Engineering and Software, Government Solutions, and Legacy Commercial Programs segments. The Parts Supply segment mainly consists of new parts distribution and …
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 | -2.36% | 1.00% | 15.34% | -2.22% | 10.02% | 25.41% | 7.86% |
| Feb | 15.20% | 10.23% | 4.54% | 7.48% | -3.03% | 8.49% | 7.15% |
| Mar | -0.97% | 10.87% | -1.16% | -10.13% | -11.45% | -8.61% | -3.57% |
| Apr | -4.44% | -3.37% | -4.38% | 17.39% | -3.45% | -0.90% | 0.14% |
| May | 4.27% | 3.23% | -6.84% | 2.91% | 11.45% | 2.06% | 2.85% |
| Jun | -8.95% | -13.84% | 12.13% | 3.55% | 10.49% | 29.95% | 5.55% |
| Jul | -8.26% | 6.02% | 3.68% | -8.30% | 7.54% | -3.27% | -0.43% |
| Aug | -3.37% | -4.37% | 2.79% | 4.07% | 3.66% | -9.63% | -1.14% |
| Sep | -4.70% | -14.67% | -3.22% | 0.74% | 17.42% | -18.48% | -3.82% |
| Oct | 5.11% | 20.11% | 1.94% | -10.41% | -0.15% | -3.23%* | 2.23% |
| Nov | -9.90% | 3.60% | 16.35% | 19.04% | -2.94% | -- | 5.23% |
| Dec | 22.27% | -4.33% | -10.67% | -11.92% | 1.46% | -- | -0.64% |
| Total | -1.14% | 9.26% | 30.09% | 6.70% | 44.56% | 12.70% | 17.03% |
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: $101.91
SMA 50: $118.02
SMA 200: $118.42
Current: $96.67
EMA 12: $100.10
EMA 26: $105.67
MACD: -5.5702 | Signal: 0.6859
BEARISH
ADX (14): 36.72
TREND
+DI: 10.94
−DI: 33.21
Momentum Oscillators
RSI (14): 31.76
NEUTRAL
Stoch %K: 38.17
Stoch %D: 35.43
Williams %R: -76.07
Volume & Volatility
BB Upper: $112.11
BB Lower: $91.71
NEUTRAL
OBV: 15,314,995
Vol SMA 20: 712,331
Vol ROC: 36.73%
ATR: $4.40
True Range: $5.59
HV 20: 41.2%
HV 30: 41.6%
HV 60: 43.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (6/10) - Air's stock price is trending upwards, but with a high volatility level, it's essential to consider both bullish and bearish scenarios.
Key Drivers:
- Bullish momentum from MACD crossover above the signal line
- Recent positive news headlines on AAR Corp. and air transport MRO markets
- Historical trends in aircraft MRO market growth
Primary Risks:
- High volatility, which may lead to increased uncertainty and potential losses
- Overbought RSI level, indicating a possible pullback or consolidation phase
Investment Thesis: Air's stock price is likely to continue its upward trend, driven by positive industry news and momentum from MACD. However, high volatility poses a significant risk, and investors should consider hedging strategies or adjusting their positions accordingly.
Recent News Sentiment Impact: The recent positive news headlines have contributed to the bullish sentiment, with 5 out of 6 articles having a positive tone. This aligns with the overall upward trend in Air's stock price.
Technical Analysis
Trend Direction:
- Short-term: Bullish (1-4 weeks)
- Medium-term: Bullish (1-3 months)
- Long-term: Bullish (3-12 months)
Support/Resistance Levels:
- Upper Bollinger Band: $153.86
- Middle Band: $140.41
- Lower Band: $126.97
Momentum Signals: RSI interpretation: Overbought (>70), with a neutral zone between 30-70. MACD signal: Bullish, indicating momentum is building.
Volume Analysis: Volume trends are weak, but institutional interest signals are moderate (0.51 correlation).
News & Sentiment Analysis
Recent Headlines Summary: The majority of recent news articles have had a positive tone, focusing on industry growth and AAR Corp.'s performance.
Sentiment Assessment: POSITIVE (7/10) - The overall sentiment is bullish, with 5 out of 6 articles having a positive tone.
Catalyst Identification: Earnings dates, product launches, and regulatory changes are potential catalysts for future price movements.
Market Narrative: The news aligns with the technical signals, indicating a strong upward trend. However, high volatility may lead to increased uncertainty and potential losses.
Risk & Volatility Assessment
Risk Interpretation: HIGH (7/10) - Air's stock price is highly volatile, with a beta of 1.72 compared to the SPY index.
Volatility Regime: The current volatility level is higher than historical averages, indicating increased risk.
Options Market Signals: IV rank: Low (13.2%), indicating historically low volatility. Put-call volume ratio: 0.21 (Bullish sentiment).
Downside Protection: Support levels are critical at $140.41 and $126.97, with potential pullbacks or consolidation phases expected.
Market Context & Positioning
Sector Performance: Air transport MRO markets have been trending upwards, driving Air's stock price higher.
Institutional Activity: Institutional interest is moderate (0.51 correlation), suggesting some investors are participating in the upward trend.
Correlation Analysis: The stock has a high correlation with the market (0.51), indicating it may follow the overall market trend.
Relative Valuation: Air's stock price is positioned within its trading range, with potential support levels at $140.41 and $126.97.
Key Levels & Action Items
Critical Price Levels:
- Support: $140.41, $126.97
- Resistance: $153.86 (Upper Bollinger Band)
Breakout/Breakdown Levels: A potential breakout above $153.86 or breakdown below $126.97 could lead to significant price movements.
Time-Sensitive Catalysts: Earnings dates and product launches are potential catalysts for future price movements.
Risk Management: Stop-loss levels should be set around $140.41 and $126.97, with position sizing considerations based on the high volatility level.
Analysis Completed
This report provides a comprehensive analysis of Air's stock using technical indicators, news sentiment, and risk assessment criteria. The overall assessment is NEUTRAL, considering both bullish and bearish scenarios.
Generated
News
All AIR news →
Earnings History
18 of 22 under expected move
Avg Expected Move
10.16%
Avg Actual Move
6.43%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-23 | After-Close | 10.66% | 1.85% | 0.17x | Within |
| 2021-07-20 | After-Close | 11.35% | 3.00% | 0.26x | Within |
| 2021-09-23 | After-Close | 11.13% | 1.02% | 0.09x | Within |
| 2021-12-21 | After-Close | 15.50% | 2.42% | 0.16x | Within |
| 2022-03-22 | After-Close | 10.24% | 7.49% | 0.73x | Within |
| 2022-09-22 | After-Close | 10.73% | 7.13% | 0.66x | Within |
| 2022-12-20 | After-Close | 10.73% | 4.62% | 0.43x | Within |
| 2023-03-21 | After-Close | 5.42% | 5.02% | 0.93x | Within |
| 2023-07-18 | After-Close | 7.10% | 1.79% | 0.25x | Within |
| 2023-09-26 | After-Close | 8.32% | 2.47% | 0.30x | Within |
| 2023-12-21 | After-Close | 7.95% | 10.20% | 1.28x | Exceeded |
| 2024-03-21 | After-Close | 8.81% | 5.94% | 0.67x | Within |
| 2024-07-18 | After-Close | 5.94% | 12.10% | 2.04x | Exceeded |
| 2024-09-23 | After-Close | 11.07% | 4.50% | 0.41x | Within |
| 2025-01-07 | After-Close | 9.64% | 8.65% | 0.90x | Within |
| 2025-03-27 | After-Close | 9.18% | 16.40% | 1.79x | Exceeded |
| 2025-07-16 | After-Close | 9.68% | 13.65% | 1.41x | Exceeded |
| 2025-09-23 | After-Close | 13.53% | 4.17% | 0.31x | Within |
| 2026-01-06 | After-Close | 10.06% | 2.10% | 0.21x | Within |
| 2026-03-24 | After-Close | 11.46% | 9.93% | 0.87x | Within |
| 2026-07-21 | After-Close | 13.83% | 9.76% | 0.71x | Within |
| 2026-09-28 | After-Close | 11.12% | 7.25% | 0.65x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
AIR Options Activity & IV Rank
AIR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 45.4%
7-DTE IV: —
Expected Move: $9.97
7-DTE Move: $9.97
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 89
Put Volume: 55
P/C Volume: 0.618
BULLISH
Call OI: 905
Put OI: 385
P/C OI: 0.425
Total OI: 1,290
ATM Options Pricing
ATM Call: $6.30
ATM Put: $3.67
Call %: 6.5%
Put %: 3.8%
Chain Summary
Chain Volume: 569
Chain OI: 3,037
Last Updated: 10/22/2026
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
TYPICAL γ
Estimated net dealer gamma is at the 25th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
25%
vs own history
GEX tilt
-0.07
OI-weighted, today
Vanna tilt
+0.28
δ-sensitivity to IV
Charm tilt
-0.23
δ-decay vs time
? What is this?
· 22 ATM contracts, 1k 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
—
—
pts
EXTREME
as of Oct 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 45.2% / Wing —
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)
IV Rank (30 DTE)15.8LowOct 22
Straddle Price (30 DTE)$9.97Oct 22
Beta Analysis
Risk Metrics
Beta: 1.6520
Alpha: 3.52%
Correlation: 0.4745
R-Squared: 22.5%
Stock Volatility: 44.4%
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 AIR
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $9.0M | #1646 of 3716 | +268.7% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $2.5M | #1273 of 4729 | +2.8% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $577K | #906 of 997 | new | 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
AIR Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 39,400,000 (as of 2026-08-31)
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.
8 filers$16.67M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $4.29M | 25.73% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $3.72M | 22.30% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $2.22M | 13.29% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $2.19M | 13.13% | 2025-09-30 |
| 5 | D. E. Shaw & Co., Inc. Custodian | $2.17M | 13.03% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $1.84M | 11.06% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $171.52K | 1.03% | 2026-06-30 |
| 8 | GROUP ONE TRADING LLC Custodian | $71.47K | 0.43% | 2026-06-30 |
7 filers$7.47M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.82M | 24.31% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $1.75M | 23.43% | 2025-09-30 |
| 3 | D. E. Shaw & Co., Inc. Custodian | $1.42M | 18.95% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $1.03M | 13.78% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $828.99K | 11.10% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $600.31K | 8.04% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $28.59K | 0.38% | 2026-06-30 |
AIR Insider Trading (Form 4)
Latest: 2026-10-22Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-22 | Ellen M. Lord | Director | Sell (S) | −4,241 | $100.24 | -$425.1K | EDGAR |
| 2026-09-01 | Robert F Leduc | Director | Grant (A) | +122 RSU | — | EDGAR | |
| 2026-09-01 | Marc Jay Walfish | Director | Grant (A) | +300 RSU | — | EDGAR | |
| 2026-08-03 | John McClain Holmes III | Chairman, President & CEO | Tax (F) | −40,363 | $140.04 | -$5.65M | EDGAR |
| 2026-08-03 | Christopher A. Jessup | Senior Vice President-CCO | Tax (F) | −8,392 | $140.04 | -$1.18M | EDGAR |
| 2026-08-03 | Eric Pachapa | VP-CAO & Controller | Tax (F) | −3,979 | $140.04 | -$557.2K | EDGAR |
| 2026-08-03 | Jessica A. Garascia | Senior VP, GC, CAO & Secretary | Tax (F) | −6,663 | $140.04 | -$933.1K | EDGAR |
| 2026-07-24 | Eric Pachapa | VP-CAO & Controller | Award (A) | +3,476 | — | EDGAR | |
| 2026-07-24 | Jessica A. Garascia | Senior VP, GC, CAO & Secretary | Award (A) | +8,651 | — | EDGAR | |
| 2026-07-24 | Dylan Zachary Wolin | Senior VP & CFO | Award (A) | +9,655 | — | EDGAR | |
| 2026-07-24 | Christopher A. Jessup | Senior Vice President-CCO | Award (A) | +13,401 | — | EDGAR | |
| 2026-07-24 | John McClain Holmes III | Chairman, President & CEO | Award (A) | +211,705 | — | EDGAR | |
| 2026-07-15 | Christopher A. Jessup | Senior Vice President-CCO | Award (A) | +7,267 | — | EDGAR | |
| 2026-07-15 | Eric Pachapa | VP-CAO & Controller | Award (A) | +3,445 | — | EDGAR | |
| 2026-07-15 | John McClain Holmes III | Chairman, President & CEO | Award (A) | +34,956 | — | 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.
AIR Insider Holdings
16 insiders · @ $96.67
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 | John McClain Holmes III | Chairman, President & CEO | 447,582 | $43.27M | -$69.31M | 81 | 2026-08-03 |
| 2 | Marc Jay Walfish | Director | 133,103 | $12.87M | $598.6K | 100 | 2026-09-01 |
| 3 | Michael Ross Boyce | Director | 120,903 | $11.69M | $918.4K | 26 | 2026-06-02 |
| 4 | Sean M. Gillen | Senior VP-CFO | 89,930 | $8.69M | -$5.18M | 23 | 2025-08-01 |
| 5 | Christopher A. Jessup | Senior Vice President-CCO | 79,338 | $7.67M | -$12.09M | 30 | 2026-08-03 |
| 6 | Jessica A. Garascia | Senior VP, GC, CAO & Secretary | 36,352 | $3.51M | -$4.87M | 23 | 2026-08-03 |
| 7 | Sarah Louise Flanagan | Interim CFO VP Fin Ops | 32,848 | $3.18M | -$1.17M | 2 | 2026-02-04 |
| 8 | Eric Pachapa | VP-CAO & Controller | 25,801 | $2.49M | -$6.53M | 37 | 2026-08-03 |
| 9 | Peter Pace | Director | 25,485 | $2.46M | -$1.44M | 23 | 2026-06-02 |
| 10 | Jennifer L Vogel | Director | 24,334 | $2.35M | -$930.7K | 15 | 2026-06-02 |
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.
AIR Board & Officers
As of SEC filings through Oct 22, 2026Directors 12
- Michael Ross Boyce · on file since 2006
- Marc Jay Walfish · on file since 2006
- Peter Pace · since Jan 18, 2011
- Jennifer L Vogel · since Jan 11, 2016
- Duncan J. McNabb · since Apr 18, 2017
- John McClain Holmes III · listed since Jul 2018
- Robert F Leduc · since Jul 13, 2020
- Ellen M. Lord · since Apr 14, 2021
- John W Dietrich · since Mar 16, 2023
- Billy Nolen · since Oct 10, 2023
- Jeffrey N Edwards · since Mar 19, 2024
- Hema Widhani · since Mar 18, 2025
Officers 5
- John McClain Holmes III · Chairman, President & CEO · listed since Jan 2023
- Christopher A. Jessup · Senior Vice President-CCO · listed since Jul 2023
- Dylan Zachary Wolin · Senior VP & CFO · since Feb 23, 2026
- Jessica A. Garascia · Senior VP, GC, CAO & Secretary · listed since Jul 2023
- Eric Pachapa · VP-CAO & Controller · since Jul 11, 2016
Changes in the last 10 years (34)
| Feb 23, 2026 | Dylan Zachary Wolin became Senior VP & CFO |
| Dec 11, 2025 | Sarah Louise Flanagan became Interim CFO VP Fin Ops |
| Dec 1, 2025 | The company announced the departure of Sean M. Gillen as Senior VP-CFO in an SEC filing |
| Mar 18, 2025 | Hema Widhani became a director |
| Jun 25, 2024 | The company announced the departure of Anthony Anderson from the board in an SEC filing |
| Mar 19, 2024 | Jeffrey N Edwards became a director |
| Oct 10, 2023 | Billy Nolen became a director |
| Jul 26, 2023 | Sean M. Gillen listed as Senior VP-CFO (previously Vp-Cfo) in SEC filings |
| Jul 26, 2023 | Jessica A. Garascia listed as Senior VP, GC, CAO & Secretary (previously VP, GC, CAO & Secretary) in SEC filings |
| Jul 26, 2023 | Christopher A. Jessup listed as Senior Vice President-CCO (previously Vice President-CCO) in SEC filings |
| Jul 12, 2023 | Tracey Patterson became Sr. VP & Chief HR Officer |
| Mar 16, 2023 | John W Dietrich became a director |
| Jan 20, 2023 | John McClain Holmes III listed as Chairman, President & CEO (previously President & CEO) in SEC filings |
| Nov 2, 2022 | Jessica A. Garascia listed as VP, GC, CAO & Secretary (previously Vice President and Secretary) in SEC filings |
| Oct 27, 2022 | H John Gilbertson Jr reported in an SEC filing no longer being a director |
| Jul 18, 2022 | The company announced the departure of James E Goodwin from the board in an SEC filing |
| Jul 18, 2022 | The company announced the departure of David P Storch from the board in an SEC filing |
| Jul 18, 2022 | The company announced the departure of David P Storch as Chairman & CEO in an SEC filing |
| Apr 14, 2021 | Ellen M. Lord became a director |
| Jul 13, 2020 | Robert F Leduc became a director |
| Mar 17, 2020 | Jessica A. Garascia became Vice President and Secretary |
| Mar 17, 2020 | H John Gilbertson Jr became a director |
| Jul 8, 2019 | Christopher A. Jessup became Vice President-CCO |
| Jan 7, 2019 | Sean M. Gillen became Vp-Cfo |
| Jul 10, 2018 | John McClain Holmes III listed as President & CEO (previously President; COO) in SEC filings |
| Jul 10, 2018 | John McClain Holmes III first listed as a director in an SEC filing |
| Oct 26, 2017 | Ronald R Fogleman reported in an SEC filing no longer being a director |
| Oct 12, 2017 | Timothy J Romenesko reported in an SEC filing no longer being a director |
| Oct 12, 2017 | Timothy J Romenesko reported in an SEC filing no longer being Vice Chairman; CFO |
| Sep 1, 2017 | Michael D Milligan became Chief Financial Officer |
| Aug 1, 2017 | David P Storch listed as Chairman & CEO (previously Chairman, President & CEO) in SEC filings |
| Jul 11, 2017 | Timothy J Romenesko listed as Vice Chairman; CFO (previously Vice Chairman; COO Exped Serv) in SEC filings |
| Jul 11, 2017 | John McClain Holmes III listed as President; COO (previously Vice President; COO Av Serv) in SEC filings |
| Apr 18, 2017 | Duncan J. McNabb became a director |
Not reported recently (7)
- Sarah Louise Flanagan · Last reported as Interim CFO VP Fin Ops in an SEC filing dated Feb 4, 2026
- Tracey Patterson · Last reported as Sr. VP & Chief HR Officer in an SEC filing dated Jul 23, 2024
- Ronald B Woodard · Last reported as a director in an SEC filing dated Jun 3, 2020
- Patrick J Kelly · Last reported as a director in an SEC filing dated Jun 3, 2020
- Robert J Regan · Last reported as VP, GC, Secretary in an SEC filing dated Aug 1, 2019
- Norman Bobins · Last reported as a director in an SEC filing dated Jun 4, 2019
- Michael D Milligan · Last reported as Chief Financial Officer in an SEC filing dated Jul 10, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
AIR Proposed Insider Sales (Form 144)
Latest: 2026-10-20
? Form 144 Guide
Last 30d:
1 filing
· $425K notice value
· Last 90d:
1 filing
· $425K notice value
· 1 unique filer
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:
ELLEN M. LORD (1, $425K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-20 | ELLEN M. LORD | Director | 4,241 | $425.1K | 2026-10-20 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-04-01 | SARAH FLANAGAN | Former Officer | 9,150 | $1.03M | 2026-04-01 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-27 | JOHN HOLMES | Officer | 26,175 | $2.82M | 2026-03-27 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-26 | JOHN HOLMES | Officer | 60,000 | $6.74M | 2026-03-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-26 | BILLY NOLEN | Director | 1,562 | $173.4K | 2026-03-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-26 | JESSICA GARASCIA | Officer | 6,284 | $705.1K | 2026-03-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-02-04 | SARAH FLANAGAN | Officer | 10,750 | $1.17M | 2026-02-04 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-02-03 | JOHN HOLMES | Officer | 10,000 | $1.08M | 2026-02-03 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-01-22 | ERIC PACHAPA | Officer | 4,983 | $527.9K | 2026-01-22 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-01-14 | JOHN HOLMES | Officer | 9,947 | $988.8K | 2026-01-14 | Morgan Stanley Smith Barney LLC … | — | 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
152 ETFs hold AIR
25 shown · $7.41B total exposure · 0.49% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.28% | $1.9B | — | 2026-09-30 |
| 2 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.39% | $1.2B | — | 2026-09-30 |
| 3 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.53% | $1.0B | $189.1B | 2026-10-21 |
| 4 | EFA iShares MSCI EAFE ETF | iShares (BlackRock) | 0.62% | $475.6M | $76.5B | 2026-10-21 |
| 5 | VGK Vanguard FTSE Europe ETF | Vanguard | 0.81% | $302.0M | — | 2026-09-30 |
| 6 | VEU Vanguard FTSE All-World Ex-US ETF | Vanguard | 0.31% | $298.8M | — | 2026-09-30 |
| 7 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.23% | $235.9M | $103.8B | 2026-10-21 |
| 8 | EFG iShares MSCI EAFE Growth ETF | iShares (BlackRock) | 1.25% | $189.1M | $14.9B | 2026-10-21 |
| 9 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.32% | $182.8M | $57.1B | 2026-10-21 |
| 10 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.41% | $170.8M | $41.2B | 2026-10-21 |
| 11 | EZU iShares MSCI Eurozone ETF | iShares (BlackRock) | 1.81% | $168.4M | $9.1B | 2026-10-21 |
| 12 | IDEV iShares Core MSCI International Developed Markets ETF | iShares (BlackRock) | 0.46% | $156.0M | $33.7B | 2026-10-21 |
| 13 | IQLT iShares MSCI Intl Quality Factor ETF | iShares (BlackRock) | 1.13% | $155.2M | $13.7B | 2026-10-21 |
| 14 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $122.2M | — | 2026-09-30 |
| 15 | FEZ State Street® SPDR® EURO STOXX 50® ETF | SPDR (State Street) | 2.63% | $109.9M | $4.2B | 2026-10-21 |
| 16 | VT Vanguard Total World Stock ETF | Vanguard | 0.11% | $108.7M | — | 2026-09-30 |
| 17 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.13% | $99.7M | $74.2B | 2026-10-21 |
| 18 | IDEF iShares Defense Industrials and Tech Active ETF | iShares (BlackRock) | 2.44% | $90.3M | $3.7B | 2026-10-21 |
| 19 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $87.3M | — | 2026-09-30 |
| 20 | IEUR iShares Core MSCI Europe ETF | iShares (BlackRock) | 0.86% | $81.9M | $9.4B | 2026-10-21 |
| 21 | XAR State Street® SPDR® S&P® Aerospace & Defense ETF | SPDR (State Street) | 1.39% | $69.3M | $5.0B | 2026-10-21 |
| 22 | ACWX iShares MSCI ACWI ex U.S. ETF | iShares (BlackRock) | 0.36% | $64.9M | $17.6B | 2026-10-21 |
| 23 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.09% | $56.8M | — | 2026-09-30 |
| 24 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.18% | $55.4M | — | 2026-10-21 |
| 25 | VXF Vanguard Extended Market ETF | Vanguard | 0.05% | $45.4M | — | 2026-09-30 |
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
$4.87
TTM Revenue
$3.49B
TTM Net Income
$193.40M
TTM Op. Cash Flow
$199.40M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '27 | 2026-08-31 | $918.00M | $40.10M | $1.00 | $55.80M |
| Q4 '26 | 2026-05-31 | $928.00M | $50.70M | $1.27 | $55.30M |
| Q3 '26 | 2026-02-28 | $845.10M | $68.00M | $1.71 | $74.70M |
| Q2 '26 | 2025-11-30 | $795.30M | $34.60M | $0.90 | $13.60M |
| Q1 '26 | 2025-08-31 | $739.60M | $34.40M | $0.95 | $-44.90M |
| Q4 '25 | 2025-05-31 | $754.50M | $34.00M | $0.96 | $51.40M |
| Q3 '25 | 2025-02-28 | $678.20M | $-8.90M | $-0.25 | $-18.70M |
| Q2 '25 | 2024-11-30 | $686.10M | $-30.60M | $-0.87 | $22.00M |
| Q1 '25 | 2024-08-31 | $661.70M | $18.00M | $0.50 | $-18.60M |
| Q4 '24 | 2024-05-31 | $656.50M | $9.10M | $0.25 | $24.50M |
| Q3 '24 | 2024-02-29 | $567.30M | $14.00M | $0.39 | $20.40M |
| Q2 '24 | 2023-11-30 | $545.40M | $23.80M | $0.67 | $17.30M |
Q1 2027 • period ending 2026-08-31 • filed 2026-09-29
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
19.85
P/B
2.19
P/S
1.09
EV/EBITDA
12.91
EV/Sales
1.31
ROE
11.1%
ROA
5.6%
Div Yield
0.00%
FCF Yield
5.24%
Debt/Equity
0.50
Current Ratio
—
Market Cap
$3.81B
as of 2026-10-22
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
1.97M
SI % of Float
5.11%
Days to Cover
2.49
Short Vol Ratio
37.6%
Free Float
38.66M
Float %
96.9%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-09-22