APPS Digital Turbine, Inc.
XNAS
11.52
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.
APPS
$11.52
—
What changed
Recent filings, trades and movesKey stats
$11.52
- 52-Week Range
- $2.74 – $15.34
- YTD
- +141.09%
- IV Rank (30D)
- 85.37
- Straddle Price
- $3.78
- P/C Vol Ratio
- 0.32
- Market Cap
- $1.3B
- Open
- $10.53
- Day Range
- $10.53 – $11.65
- Volume
- 4,097,952
- Prev Close
- $10.38
Fair Value
MODEL: LONG
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) | 4.90% |
| Beta vs SPY | 2.02 |
| Cost of Equity (CAPM) | 16.02% (VRP-adj) |
| WACC | 13.64% |
| Volatility Risk Premium | +101.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +18.2% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -18.3% |
| Book / Price | 15.2% |
| Gross Margin (TTM) | 51.2% |
| FCF Margin (TTM) | 3.5% |
| Debt / Equity | 1.80 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $10.59 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $9.83 |
| Bollinger Width / SMA20 | 22.8% (drives anchor stability) |
| Net Debt | $0.3B |
| Market Cap | $1B |
Peers used for multiples: AXTI, KLAC, MU, RIOT, SNDK, STX, WDC, WULF
60-Day Conviction
97%
20-Day Fair Value
≈ by Dec 8, 2026
$11.84
α +2.3%
rank 70%
conviction
95%
40-Day Fair Value
≈ by Jan 6, 2027
$12.24
α +5.7%
rank 66%
conviction
98%
60-Day Fair Value
≈ by Feb 4, 2027
$12.38
α +7.0%
rank 62%
conviction
97%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $1.19 | 28% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 17.2× · 6 peers |
| Peer EV/EBITDA | $17.36 | 8% | median 17.2× · 6 peers |
| Peer P/B | $13.46 | 11% | median 8.5× · 8 peers |
| Peer P/S | $43.70 | 11% | median 8.0× · 8 peers |
| Market Anchor (SMA50) | $10.59 | 20% | stability 36% (BB-width) |
| Options Expected (B-L 30d) | $10.09 | 22% | 16 strikes · skew +0.15 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- PATENT OWNERS & LESSORS (6794) · industry map
- Exchange
- XNAS
- Market Cap
- $1.3B
- Employees
- 620
- List Date
- 1995-05-24
- CIK
- 0000317788
- Next Earnings
- 2026-11-09 (After-Close)
- EPS Forecast
- $0.17
- Headquarters
- Austin, TX
- Homepage
- https://www.digitalturbine.com
Digital Turbine Inc is an independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers. The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, its products and solutions provide monetization opportunities for OEMs, carriers, and application (app or apps) publishers and developers.
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 | 9.35% | -29.04% | 15.50% | -22.33% | 48.86% | 9.21% | 5.26% |
| Feb | 38.08% | 6.83% | -35.96% | -41.83% | 35.04% | -19.44% | -2.88% |
| Mar | -15.18% | -6.87% | 13.81% | -18.38% | -14.35% | -29.76% | -11.79% |
| Apr | -8.31% | -28.76% | -4.48% | -21.07% | 6.38% | 18.86% | -6.23% |
| May | -7.49% | -22.47% | -21.95% | -2.58% | 56.81% | 138.59% | 23.48% |
| Jun | 12.29% | -11.23% | -0.11% | -5.14% | 23.04% | 38.71% | 9.59% |
| Jul | -19.55% | 16.75% | 13.27% | 40.83% | -6.52% | -39.76% | 0.84% |
| Aug | -8.17% | -8.11% | -16.49% | 45.70% | -17.97% | 19.56% | 2.42% |
| Sep | 14.99% | -18.68% | -31.56% | 0.99% | 54.22% | 11.00% | 5.16% |
| Oct | 21.14% | -1.48% | -21.13% | 13.88% | -4.44% | -23.20% | -2.54% |
| Nov | -41.95% | 23.71% | 4.73% | -54.43% | -24.09% | 36.88%* | -9.19% |
| Dec | 23.06% | -18.85% | 35.31% | 16.55% | 6.38% | -- | 12.49% |
| Total | -10.32% | -70.13% | -54.64% | -66.29% | 222.49% | 104.29% | 20.90% |
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: $9.88
SMA 50: $10.60
SMA 200: $7.67
Current: $11.57
EMA 12: $10.02
EMA 26: $10.14
MACD: -0.1190 | Signal: 0.1810
BEARISH
ADX (14): 11.55
RANGE
+DI: 28.24
−DI: 15.56
Momentum Oscillators
RSI (14): 59.92
NEUTRAL
Stoch %K: 78.94
Stoch %D: 61.78
Williams %R: -2.48
Volume & Volatility
BB Upper: $11.20
BB Lower: $8.56
OVERBOUGHT
OBV: 347,305,930
Vol SMA 20: 2,770,755
Vol ROC: 157.71%
ATR: $0.88
True Range: $1.27
HV 20: 115.2%
HV 30: 99.0%
HV 60: 87.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before APPS’s Aug 4 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report
Executive Summary
Overall assessment: BULLISH (confidence level: 8/10)
Key drivers:
- Technical momentum signals, including MACD crossover and bullish RSI
- Positive news sentiment from recent headlines, particularly related to infrastructure spending and earnings reports
Primary risks:
- High volatility, which may exacerbate any potential moves
- Overbought conditions on the daily RSI, suggesting a potential correction
Investment thesis: APPS is experiencing strong technical momentum, driven by positive news sentiment. The stock's high beta and volatility suggest it may be more sensitive to market movements.
Recent news sentiment impact: The recent headlines have been overwhelmingly positive, contributing to the stock's upward momentum.
Technical Analysis
Trend Direction:
- Short-term: Bullish (1-4 weeks)
- Medium-term: Bullish (1-3 months)
- Long-term: Neutral (3-12 months)
Support/Resistance Levels:
- SMA 20: $3.98
- Upper Bollinger Band: $4.64
Momentum Signals:
- RSI interpretation: Overbought (>70), suggesting a potential correction
- MACD signal: Bullish crossover, indicating upward momentum
- Bollinger Bands position: Neutral, with the price testing the upper band
Volume Analysis:
- Volume SMA 20: 2286658.60
- On-Balance Volume (OBV): 178178670.51
- Volume Rate of Change: 94.90%
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headlines related to infrastructure spending and earnings reports
Sentiment Assessment:
- Aggregate sentiment: POSITIVE
Catalyst Identification:
- Upcoming earnings report, potentially catalyzing further price movement
Market Narrative:
- News aligns with technical signals, supporting the bull thesis
Risk & Volatility Assessment
Beta Interpretation:
- High risk relative to market (beta >1.2)
Volatility Regime:
- Current volatility levels are high compared to historical averages
Options Market Signals:
- IV rank: 70.5% (Medium)
- Put/call ratios: Bullish sentiment, with more calls than puts
- Unusual activity: High volume in options trading
Downside Protection:
- Support level at SMA 20 ($3.98)
Market Context & Positioning
Sector Performance:
- Relative strength within the sector, supporting the bull thesis
Institutional Activity:
- Volume patterns suggest institutional interest and potential support for the stock
Correlation Analysis:
- Stock moves relatively strongly compared to market (R-squared interpretation: 0.6)
Relative Valuation:
- The stock is positioned within a trading range, with room for further price movement
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($3.98) and upper Bollinger Band ($4.64)
Breakout/Breakdown Levels:
- Break above $4.64 could trigger further buying pressure
- Break below $3.98 could lead to a correction
Time-Sensitive Catalysts:
- Upcoming earnings report, potentially catalyzing further price movement
Risk Management:
- Stop-loss levels should be set at around $3.50 to limit potential losses
Overall, the analysis suggests that APPS is experiencing strong technical momentum and positive news sentiment, which may drive the stock higher in the short term. However, the high volatility and overbought conditions on the daily RSI suggest a potential correction or consolidation phase in the near future.
Generated
News
All APPS news →
Earnings History
12 of 23 under expected move
Avg Expected Move
20.88%
Avg Actual Move
27.70%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-03 | After-Close | 20.14% | 19.79% | 0.98x | Within |
| 2021-05-04 | After-Close | 7.42% | 2.61% | 0.35x | Within |
| 2021-08-09 | After-Close | 11.74% | 6.82% | 0.58x | Within |
| 2021-11-02 | After-Close | 12.57% | 19.01% | 1.51x | Exceeded |
| 2022-02-08 | After-Close | 18.99% | 8.85% | 0.47x | Within |
| 2022-05-17 | After-Close | 8.56% | 7.09% | 0.83x | Within |
| 2022-08-08 | After-Close | 18.90% | 10.13% | 0.54x | Within |
| 2022-11-09 | After-Close | 17.64% | 60.91% | 3.45x | Exceeded |
| 2023-02-08 | After-Close | 16.53% | 23.97% | 1.45x | Exceeded |
| 2023-05-24 | After-Close | 15.73% | 42.97% | 2.73x | Exceeded |
| 2023-08-08 | After-Close | 16.29% | 8.29% | 0.51x | Within |
| 2023-11-08 | After-Close | 19.80% | 5.39% | 0.27x | Within |
| 2024-02-07 | After-Close | 15.87% | 24.40% | 1.54x | Exceeded |
| 2024-05-28 | After-Close | 24.55% | 16.96% | 0.69x | Within |
| 2024-08-07 | After-Close | 25.28% | 61.80% | 2.44x | Exceeded |
| 2024-11-06 | After-Close | 21.60% | 44.75% | 2.07x | Exceeded |
| 2025-02-05 | After-Close | 34.45% | 96.46% | 2.80x | Exceeded |
| 2025-06-16 | After-Close | 32.22% | 56.76% | 1.76x | Exceeded |
| 2025-08-05 | After-Close | 28.95% | 14.52% | 0.50x | Within |
| 2025-11-04 | After-Close | 24.07% | 23.14% | 0.96x | Within |
| 2026-02-03 | After-Close | 27.33% | 5.06% | 0.19x | Within |
| 2026-05-26 | After-Close | 31.19% | 38.88% | 1.25x | Exceeded |
| 2026-08-04 | After-Close | 30.49% | 38.49% | 1.26x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
APPS Options Activity & IV Rank
APPS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 132.3%
7-DTE IV: 188.2%
Expected Move: $3.78
7-DTE Move: $3.12
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 5,099
Put Volume: 1,641
P/C Volume: 0.322
BULLISH
Call OI: 74,487
Put OI: 24,845
P/C OI: 0.334
Total OI: 99,332
ATM Options Pricing
ATM Call: $1.68
ATM Put: $2.10
Call %: 14.5%
Put %: 18.2%
Chain Summary
Chain Volume: 6,740
Chain OI: 99,332
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 83rd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
83%
vs own history
GEX tilt
+0.61
OI-weighted, today
Vanna tilt
+0.33
δ-sensitivity to IV
Charm tilt
-0.38
δ-decay vs time
Vanna tilt +0.33: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.38: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 24 ATM contracts, 44k 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
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
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
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)100.0HighNov 9
IV Rank (30 DTE)85.4HighNov 9
Straddle Price (30 DTE)$3.78Nov 9
Beta Analysis
Risk Metrics
Beta: 1.9198
Alpha: 85.95%
Correlation: 0.2709
R-Squared: 7.3%
Stock Volatility: 97.6%
Market Volatility: 13.8%
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 APPS
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $25.8M | #587 of 3138 | +608.3% | 13F | |
| Citadel Hedge fund Ken Griffin | $7.0M | #1847 of 6285 | -49.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $11K | #3995 of 4729 | -52.7% | 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
APPS Institutional Ownership (13F)
Filings for 2026-06-30 · 75 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 115,799,250 (as of 2026-06-30)
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.
12 filers$49.90M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $17.90M | 35.86% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $10.71M | 21.45% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $5.27M | 10.56% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $4.59M | 9.19% | 2026-09-30 |
| 5 | Point72 Asset Management, L.P. | $3.92M | 7.85% | 2026-06-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $2.64M | 5.28% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $1.84M | 3.68% | 2026-09-30 |
| 8 | Caption Management, LLC | $1.29M | 2.59% | 2026-06-30 |
| 9 | SYMMETRY PEAK MANAGEMENT LLC | $935.25K | 1.87% | 2026-06-30 |
| 10 | Walleye Capital LLC | $779.16K | 1.56% | 2026-06-30 |
| 11 | Walleye Trading LLC | $52.89K | 0.11% | 2026-06-30 |
| 12 | Cetera Investment Advisers Custodian | $960 | <0.01% | 2026-06-30 |
9 filers$12.40M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $3.59M | 28.96% | 2026-06-30 |
| 2 | IMC-Chicago, LLC Custodian | $2.68M | 21.62% | 2026-09-30 |
| 3 | Jane Street Group, LLC Custodian | $1.98M | 15.99% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $1.96M | 15.82% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $795.87K | 6.42% | 2026-09-30 |
| 6 | Walleye Trading LLC | $721.11K | 5.81% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $323.79K | 2.61% | 2026-06-30 |
| 8 | Walleye Capital LLC | $292.83K | 2.36% | 2026-06-30 |
| 9 | Point72 Asset Management, L.P. | $50.31K | 0.41% | 2026-06-30 |
APPS Insider Trading (Form 4)
Latest: 2026-10-30Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-30 | Joshua Kinsell | Chief Accounting Officer | Tax (F) | −618 | $10.57 | -$6.5K | EDGAR |
| 2026-10-15 | Joshua Kinsell | Chief Accounting Officer | Tax (F) | −6,994 | $10.78 | -$75.4K | EDGAR |
| 2026-09-04 | Benneaser John | Chief Technology Officer | Award (A) | +51,124 | $9.78 | $500.0K | EDGAR |
| 2026-09-04 | Michael Akkerman | Chief Business Officer | Award (A) | +76,687 | $9.78 | $750.0K | EDGAR |
| 2026-09-04 | William Gordon Stone III | Chief Executive Officer | Award (A) | +204,498 | $9.78 | $2.00M | EDGAR |
| 2026-09-04 | Joshua Kinsell | Chief Accounting Officer | Award (A) | +51,124 | $9.78 | $500.0K | EDGAR |
| 2026-08-28 | Michelle M Sterling | Director | Award (A) | +18,951 | — | EDGAR | |
| 2026-08-27 | Roy H Chestnutt | Director | Award (A) | +18,928 | — | EDGAR | |
| 2026-08-27 | Holyce Hess Groos | Director | Award (A) | +19,390 | — | EDGAR | |
| 2026-08-27 | Jeff Karish | Director | Award (A) | +19,113 | — | EDGAR | |
| 2026-08-27 | Robert M Deutschman | Director | Award (A) | +23,753 | — | EDGAR | |
| 2026-08-27 | Mohan S Gyani | Director | Award (A) | +19,159 | — | EDGAR | |
| 2026-08-25 | Joshua Kinsell | Chief Accounting Officer | Tax (F) | −556 | $10.87 | -$6.0K | EDGAR |
| 2026-08-25 | William Gordon Stone III | Chief Executive Officer | Tax (F) | −2,612 | $10.87 | -$28.4K | EDGAR |
| 2026-08-05 | Joshua Kinsell | Chief Accounting Officer | Tax (F) | −618 | $8.12 | -$5.0K | 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.
APPS Insider Holdings
14 insiders · @ $11.57
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 | William Gordon Stone III | Chief Executive Officer | 1,947,284 | $22.53M | -$7.10M | 97 | 2026-09-04 |
| 2 | Robert M Deutschman | Director | 980,438 | $11.34M | -$5.94M | 38 | 2026-08-27 |
| 3 | Benneaser John | Chief Technology Officer | 744,193 | $8.61M | $0 | 2 | 2026-09-04 |
| 4 | Mohan S Gyani | Director | 621,909 | $7.20M | $304.8K | 23 | 2026-08-27 |
| 5 | Jeff Karish | Director | 471,203 | $5.45M | -$1.01M | 19 | 2026-08-27 |
| 6 | J. Barrett Garrison | Executive Vice President, CFO | 436,402 | $5.05M | $120.0K | 58 | 2025-02-03 |
| 7 | Stephen Andrew Lasher | Chief Financial Officer | 423,531 | $4.90M | $0 | 4 | 2026-05-07 |
| 8 | Michael Akkerman | Chief Business Officer | 337,919 | $3.91M | $0 | 12 | 2026-09-04 |
| 9 | Joshua Kinsell | Chief Accounting Officer | 307,614 | $3.56M | -$2.3K | 23 | 2026-10-30 |
| 10 | Roy H Chestnutt | Director | 270,154 | $3.13M | $305.9K | 14 | 2026-08-27 |
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.
APPS Board & Officers
As of SEC filings through Oct 30, 2026Directors 7
- Jeff Karish · since May 23, 2013
- Robert M Deutschman · since May 23, 2013
- William Gordon Stone III · listed since Oct 2014
- Mohan S Gyani · since Jan 26, 2016
- Roy H Chestnutt · since Jun 1, 2018
- Michelle M Sterling · since Jun 20, 2019
- Holyce Hess Groos · since May 4, 2021
Officers 5
- William Gordon Stone III · Chief Executive Officer · listed since Oct 2014
- Stephen Andrew Lasher · Chief Financial Officer · since Feb 5, 2025
- Joshua Kinsell · Chief Accounting Officer · since Apr 8, 2024
- Michael Akkerman · Chief Business Officer · since Jun 3, 2024
- Benneaser John · Chief Technology Officer · since Apr 6, 2026
Changes in the last 10 years (17)
| Apr 6, 2026 | Benneaser John became Chief Technology Officer |
| Nov 5, 2025 | The company announced the departure of Mary Spilman from the board in an SEC filing |
| Feb 5, 2025 | The company announced the departure of J. Barrett Garrison as Executive Vice President, CFO in an SEC filing |
| Feb 5, 2025 | Stephen Andrew Lasher became Chief Financial Officer |
| Jun 3, 2024 | Michael Akkerman became Chief Business Officer |
| Apr 8, 2024 | Joshua Kinsell became Chief Accounting Officer |
| Apr 1, 2024 | Matthew Gillis reported in an SEC filing no longer being President |
| Feb 28, 2024 | Michael Benjamin Miller reported in an SEC filing no longer being Chief Accounting Officer |
| Nov 7, 2022 | Senthilkumaran Kanagaratnam became Chief Technology Officer |
| Jul 15, 2022 | Matthew Gillis became President |
| Feb 1, 2022 | Mary Spilman became a director |
| Aug 23, 2021 | Michael Benjamin Miller became Chief Accounting Officer |
| May 4, 2021 | Holyce Hess Groos became a director |
| Jul 23, 2019 | Christine Collins became Chief Technology Officer |
| Jun 20, 2019 | Michelle M Sterling became a director |
| May 31, 2019 | David Wesch listed as Chief Accounting Officer (previously Acting CAO) in SEC filings |
| Jun 1, 2018 | Roy H Chestnutt became a director |
Not reported recently (5)
- Senthilkumaran Kanagaratnam · Last reported as Chief Technology Officer in an SEC filing dated Nov 24, 2025
- Christine Collins · Last reported as Chief Technology Officer in an SEC filing dated Jun 16, 2021
- David Wesch · Last reported as Chief Accounting Officer in an SEC filing dated Jun 3, 2021
- Christopher Thomas Rogers · Last reported as a director in an SEC filing dated Jan 5, 2021
- Paul M Schaeffer · Last reported as a director in an SEC filing dated Jun 10, 2019
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.
APPS Proposed Insider Sales (Form 144)
Latest: 2026-02-23
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
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.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-02-23 | Kinsell Joshua | Officer | 578 | $2.3K | 2026-02-23 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-11-24 | Kinsell Joshua | Officer | 537 | $2.4K | 2025-11-24 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-08-22 | Kinsell Joshua | Officer | 533 | $2.1K | 2025-08-22 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-12-08 | Miller Michael Benjamin | Officer | 1,851 | $11.2K | 2023-12-08 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-09-15 | STONE WILLIAM GORDON III | Officer | 95,000 | $634.2K | 2023-09-15 | Wells Fargo Clearing Services | — | EDGAR |
| 2023-09-14 | STONE WILLIAM GORDON III | Officer | 55,000 | $362.6K | 2023-09-14 | Wells Fargo Clearing Services | — | EDGAR |
| 2023-09-13 | STONE WILLIAM GORDON III | Officer | 30,000 | $209.1K | 2023-09-13 | Wells Fargo Clearing Services | — | EDGAR |
| 2023-09-07 | STONE WILLIAM GORDON III | Officer | 25,000 | $194.4K | 2023-09-07 | Wells Fargo Clearing Services | — | EDGAR |
| 2023-09-05 | STONE WILLIAM GORDON III | Officer | 20,000 | $167.8K | 2023-09-05 | Wells Fargo Clearing Services | — | 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).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-05 | 0001628280-26-053446 | EDGAR |
ETF Holders
56 ETFs hold APPS
25 shown · $197.90M total exposure · 0.03% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $40.3M | — | 2026-09-30 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.04% | $30.3M | $76.6B | 2026-11-06 |
| 3 | VGT Vanguard Information Technology ETF | Vanguard | 0.02% | $27.3M | — | 2026-09-30 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $15.2M | — | 2026-09-30 |
| 5 | PTF Invesco Dorsey Wright Technology Momentum ETF | Nport | 2.21% | $12.9M | — | 2026-07-31 |
| 6 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.07% | $9.8M | $13.9B | 2026-11-06 |
| 7 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.03% | $8.5M | — | 2026-11-05 |
| 8 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.04% | $7.3M | — | 2026-09-30 |
| 9 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.49% | $6.5M | $1.3B | 2026-11-06 |
| 10 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $5.6M | — | 2026-08-31 |
| 11 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $4.8M | — | 2026-11-05 |
| 12 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.30% | $3.6M | $1.2B | 2026-11-06 |
| 13 | XSW State Street® SPDR® S&P® Software & Services ETF | SPDR (State Street) | 0.64% | $3.2M | $500.3M | 2026-11-05 |
| 14 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.23% | $3.2M | $1.4B | 2026-11-06 |
| 15 | FDLS Inspire Fidelis Multi Factor ETF | Nport | 1.21% | $3.0M | — | 2026-08-31 |
| 16 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.03% | $2.6M | — | 2026-11-05 |
| 17 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.09% | $2.4M | — | 2026-07-31 |
| 18 | DWAS Invesco Dorsey Wright SmallCap Momentum ETF | Nport | 0.52% | $2.1M | — | 2026-08-31 |
| 19 | VFMO Vanguard U.S. Momentum Factor ETF | Vanguard | 0.12% | $2.1M | — | 2026-11-05 |
| 20 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.6M | $93.2B | 2026-11-06 |
| 21 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.01% | $1.3M | $13.7B | 2026-11-06 |
| 22 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $1.3M | — | 2026-11-05 |
| 23 | EES WisdomTree U.S. SmallCap Fund | Nport | 0.15% | $1.1M | — | 2026-06-30 |
| 24 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.07% | $1.0M | — | 2026-09-30 |
| 25 | DUSG Dimensional US Small Cap Growth ETF | Dimensional | 0.05% | $1.0M | — | 2026-11-05 |
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
$-0.32
TTM Revenue
$600.31M
TTM Net Income
$-34.96M
TTM Op. Cash Flow
$50.88M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '27 | 2026-06-30 | $165.98M | $-11.33M | $-0.09 | $17.86M |
| Q4 '26 | 2026-03-31 | $142.55M | $-7.34M | $-0.06 | $4.38M |
| Q3 '26 | 2025-12-31 | $151.40M | $5.11M | $0.03 | $14.18M |
| Q2 '26 | 2025-09-30 | $140.38M | $-21.39M | $-0.20 | $14.46M |
| Q1 '26 | 2025-06-30 | $130.93M | $-14.10M | $-0.13 | $8.79M |
| Q4 '25 | 2025-03-31 | $119.15M | $-18.83M | $-0.18 | $11.51M |
| Q3 '25 | 2024-12-31 | $134.64M | $-23.13M | $-0.22 | $10.44M |
| Q2 '25 | 2024-09-30 | $118.73M | $-24.99M | $-0.24 | $-8.72M |
| Q1 '25 | 2024-06-30 | $117.99M | $-26.37M | $-0.25 | $-1.35M |
| Q4 '24 | 2024-03-31 | $112.22M | $-236.51M | $-2.33 | $-11.76M |
| Q3 '24 | 2023-12-31 | $142.63M | $-14.06M | $-0.14 | $11.66M |
| Q2 '24 | 2023-09-30 | $143.26M | $-161.48M | $-1.61 | $27.45M |
Q1 2027 • period ending 2026-06-30 • filed 2026-08-05
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
7.04
P/S
2.23
EV/EBITDA
12.98
EV/Sales
2.73
ROE
-18.3%
ROA
-4.1%
Div Yield
0.00%
FCF Yield
3.79%
Debt/Equity
1.80
Current Ratio
—
Market Cap
$1.34B
as of 2026-11-09
APPS vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| MU Micron Technology, Inc. | $780.7B | 9.8 | +256.3% | +131.3% | 41 |
| KLAC KLA Corporation Common Stock | $180.4B | 37.9 | +15.8% | +18.6% | 30 |
| SNDK Sandisk Corporation Common Stock | $118.8B | 7.1 | +272.4% | +222.2% | 28 |
| STX Seagate Technology Holdings PLC Ordinary | $105.8B | 26.5 | +44.4% | +75.2% | 42 |
| WDC Western Digital Corp. | $98.7B | 11.2 | +43.0% | +54.0% | 34 |
| RIOT Riot Platforms, Inc. Common Stock | $6.3B | — | +24.5% | +25.8% | 47 |
| WULF TeraWulf Inc. Common Stock | $5.7B | — | +14.6% | −2.9% | 54 |
| AXTI AXT Inc | $2.5B | — | −0.1% | +157.6% | 16 |
| APPS Digital Turbine, Inc. | $1.3B | — | +19.2% | +142.1% | 85 |
| Peer median | $102.3B | 11.2 | +33.8% | +64.6% | 37 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
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
11.63M
SI % of Float
10.83%
Days to Cover
4.50
Short Vol Ratio
53.3%
Free Float
107.37M
Float %
88.7%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-22