BMI Badger Meter, Inc.
XNYS
149.64
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.
BMI
$149.64
—
Key stats
$149.64
- 52-Week Range
- $112.09 – $192.28
- YTD
- -15.17%
- IV Rank (30D)
- 0.0
- Straddle Price
- $10.80
- P/C Vol Ratio
- 1.37
- Market Cap
- $3.8B
- Open
- $130.00
- Day Range
- $129.14 – $150.27
- Volume
- 1,234,915
- Prev Close
- $131.86
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) | 5.15% |
| Beta vs SPY | 0.91 |
| Cost of Equity (CAPM) | 9.70% (VRP-adj) |
| WACC | 9.71% |
| Volatility Risk Premium | +40.4pp (IV − HV30) |
| Effective Tax Rate | 25.2% |
| Rev. Growth (YoY, DCF input) | -5.7% |
| DCF Horizon | 12 years explicit + fade |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | 18.4% |
| Book / Price | 17.6% |
| Gross Margin (TTM) | 41.3% |
| FCF Margin (TTM) | 17.1% |
| Debt / Equity | 0.00 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +11.6% (reverse-DCF on current price) |
| SMA 50 | $129.89 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $127.83 |
| Bollinger Width / SMA20 | 6.5% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $4B |
Peers used for multiples: A, AWK, FERG, LRCX, MA, VLTO, WTS, XYL
60-Day Conviction
19%
20-Day Fair Value
≈ by Nov 20, 2026
$150.59
α +0.6%
rank 9%
conviction
42%
40-Day Fair Value
≈ by Dec 21, 2026
$150.03
α +0.3%
rank 9%
conviction
6%
60-Day Fair Value
≈ by Jan 19, 2027
$148.89
α -0.5%
rank 9%
conviction
19%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $47.01 | 19% | |
| DDM (Gordon) | $10.08 | 0% | |
| Peer P/E | $120.18 | 9% | median 28.1× · 8 peers |
| Peer EV/EBITDA | $135.53 | 9% | median 19.4× · 8 peers |
| Peer P/B | $159.03 | 2% | median 6.8× · 8 peers |
| Peer P/S | $143.46 | 6% | median 4.8× · 8 peers |
| Market Anchor (SMA50) | $129.89 | 38% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $132.26 | 19% | 30 strikes · skew +0.15 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- TOTALIZING FLUID METERS & COUNTING DEVICES (3824) · industry map
- Exchange
- XNYS
- Market Cap
- $3.8B
- Employees
- 2,477
- List Date
- 1972-06-01
- CIK
- 0000009092
- Headquarters
- Milwaukee, WI
- Homepage
- https://www.badgermeter.com
Badger Meter is a provider of water management solutions. The company's solutions encompass measurement and control hardware, connectivity and communication, data visualization and software. Badger Meter has global operations, with the vast majority of revenue derived from the US.
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 | 0.91% | -4.95% | 5.68% | -7.93% | 1.05% | -16.90% | -3.69% |
| Feb | 15.47% | -2.67% | 2.18% | 9.18% | -2.49% | 0.40% | 3.68% |
| Mar | -11.90% | 1.99% | 1.48% | 1.18% | -9.28% | 0.10% | -2.74% |
| Apr | -2.65% | -21.15% | 7.06% | 14.55% | 14.61% | -21.59% | -1.53% |
| May | 3.43% | -1.62% | 0.97% | 5.72% | 10.70% | 1.57% | 3.46% |
| Jun | 2.57% | 1.38% | 3.86% | -1.21% | -2.70% | 21.09% | 4.17% |
| Jul | 2.39% | 19.36% | 12.02% | 11.58% | -21.54% | -9.89% | 2.32% |
| Aug | 7.11% | -1.65% | 2.12% | 2.43% | 0.89% | -1.08% | 1.64% |
| Sep | -5.09% | -2.57% | -14.17% | 10.60% | -1.31% | -6.60% | -3.19% |
| Oct | 0.09% | 18.21% | -3.05% | -8.22% | 2.14% | 16.57%* | 4.29% |
| Nov | -0.22% | 0.63% | 6.20% | 7.35% | -1.86% | -- | 2.42% |
| Dec | 5.22% | -5.15% | 3.53% | -3.83% | 0.65% | -- | 0.08% |
| Total | 15.96% | -4.24% | 28.76% | 45.74% | -13.02% | -21.84% | 8.56% |
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: $128.78
SMA 50: $130.19
SMA 200: $139.23
Current: $149.64
EMA 12: $131.84
EMA 26: $130.37
MACD: 1.4646 | Signal: 1.7032
BEARISH
ADX (14): 14.03
RANGE
+DI: 38.81
−DI: 12.20
Momentum Oscillators
RSI (14): 74.25
OVERBOUGHT
Stoch %K: 80.25
Stoch %D: 61.48
Williams %R: -2.23
Volume & Volatility
BB Upper: $139.66
BB Lower: $117.90
OVERBOUGHT
OBV: -12,056,406
Vol SMA 20: 435,477
Vol ROC: 202.59%
ATR: $5.57
True Range: $21.13
HV 20: 53.4%
HV 30: 45.6%
HV 60: 39.9%
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 - BMI
Executive Summary
Overall assessment: NEUTRAL (Confidence level: 6/10)
Key drivers:
- Technical indicators suggest a range-bound market with no clear trend direction
- Recent news headlines are mixed, with both positive and negative sentiment present
- Options activity indicates moderate volatility and neutral market expectation
Primary risks:
- Unfavorable earnings surprise or guidance could impact stock price
- Regulatory issues or product launches may affect company performance
Investment thesis: BMI's recent pullback has created a potentially attractive entry point for investors seeking to capitalize on the company's long-term growth potential. However, the mixed news sentiment and range-bound technical indicators suggest caution is warranted.
Recent news sentiment impact: The negative headlines surrounding securities class action lawsuits have contributed to the stock's decline, while positive articles on industrial automation have had a limited impact.
Technical Analysis
Trend Direction: Range-bound (1-4 weeks), with no clear trend direction in sight.
Support/Resistance Levels:
- SMA 20: $131.56
- SMA 50: $135.60
- SMA 200: $146.28
Momentum Signals:
- RSI interpretation: Neutral (41.89)
- MACD signal: Bearish (-2.09 / Signal: -0.81 / Histogram: -1.28)
Volume Analysis: Volume has been declining over the past few weeks, suggesting a lack of institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: The news headlines are mixed, with both positive and negative sentiment present. Positive articles highlight the company's growth potential in industrial automation, while negative headlines focus on securities class action lawsuits.
Sentiment Assessment: Neutral (50% positive, 30% negative, 20% neutral)
Catalyst Identification: Upcoming earnings release could be a catalyst for stock price movement.
Market Narrative: The news sentiment is mixed, which aligns with the range-bound technical indicators. However, the options market pricing suggests a possible move higher by expiration.
Risk & Volatility Assessment
Beta Interpretation: Moderate risk (beta: 0.82)
Volatility Regime: Current volatility is moderate compared to historical levels.
Options Market Signals: IV rank: 18.8% (Low), indicating historically low volatility.
Downside Protection: Support levels are present at SMA 20 and SMA 50, providing some downside protection.
Market Context & Positioning
Sector Performance: BMI's sector (industrial) has been performing well recently.
Institutional Activity: Volume patterns suggest a lack of institutional interest in the stock.
Correlation Analysis: The stock is highly correlated with the market (R-squared: 0.23).
Relative Valuation: BMI is positioned within its trading range, with no clear value or growth drivers present.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $131.56
- SMA 50: $135.60
Breakout/Breakdown Levels:
- Upper resistance: $139.90 (Bollinger Bands)
- Lower support: $123.22 (Bollinger Bands)
Time-Sensitive Catalysts: Upcoming earnings release could be a catalyst for stock price movement.
Risk Management: Stop-loss levels should be set near SMA 20 and SMA 50 to mitigate potential losses.
Note: This analysis provides an objective, data-driven assessment of the stock's current situation. It does not contain buy or sell advice and is intended to serve as a risk/reward analysis tool for investors.
Generated
News
All BMI news →
Software expansion and pricing power are lifting profitability even as component costs rise.
Operating margins expanded as utility projects ramped and software revenue grew.
Earnings History
10 of 20 under expected move
Avg Expected Move
7.46%
Avg Actual Move
8.50%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-29 | Pre-Market | 10.76% | 5.11% | 0.47x | Within |
| 2021-04-20 | Pre-Market | 7.35% | 6.25% | 0.85x | Within |
| 2021-07-20 | Pre-Market | 8.49% | 6.70% | 0.79x | Within |
| 2021-10-15 | Pre-Market | 6.48% | 0.74% | 0.11x | Within |
| 2023-01-27 | Pre-Market | 4.65% | 3.63% | 0.78x | Within |
| 2023-04-20 | Pre-Market | 3.57% | 10.66% | 2.99x | Exceeded |
| 2023-07-20 | Pre-Market | 4.74% | 7.82% | 1.65x | Exceeded |
| 2023-10-19 | Pre-Market | 6.97% | 3.00% | 0.43x | Within |
| 2024-01-26 | Pre-Market | 7.44% | 5.61% | 0.75x | Within |
| 2024-04-18 | Pre-Market | 5.16% | 16.65% | 3.23x | Exceeded |
| 2024-07-19 | Pre-Market | 6.12% | 1.77% | 0.29x | Within |
| 2024-10-17 | Pre-Market | 5.07% | 6.29% | 1.24x | Exceeded |
| 2025-01-31 | Pre-Market | 6.95% | 2.56% | 0.37x | Within |
| 2025-04-17 | Pre-Market | 6.50% | 9.64% | 1.48x | Exceeded |
| 2025-07-22 | Pre-Market | 8.12% | 16.48% | 2.03x | Exceeded |
| 2025-10-21 | Pre-Market | 9.71% | 5.37% | 0.55x | Within |
| 2026-01-28 | Pre-Market | 9.88% | 11.00% | 1.11x | Exceeded |
| 2026-04-17 | Pre-Market | 7.68% | 24.13% | 3.14x | Exceeded |
| 2026-07-22 | Pre-Market | 12.03% | 13.16% | 1.09x | Exceeded |
| 2026-10-22 | Pre-Market | 11.53% | 13.48% | 1.17x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
BMI Options Activity & IV Rank
BMI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 32.4%
7-DTE IV: —
Expected Move: $10.80
7-DTE Move: $10.80
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 128
Put Volume: 175
P/C Volume: 1.367
BEARISH
Call OI: 675
Put OI: 790
P/C OI: 1.17
Total OI: 1,465
ATM Options Pricing
ATM Call: $5.00
ATM Put: $5.80
Call %: 3.3%
Put %: 3.9%
Chain Summary
Chain Volume: 562
Chain OI: 2,349
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 54th 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
54%
vs own history
GEX tilt
+0.55
OI-weighted, today
Vanna tilt
-0.26
δ-sensitivity to IV
Charm tilt
+0.19
δ-decay vs time
? What is this?
· 19 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
73%
+14.7
pts
EXTREME
as of Oct 22 · ATM 32.0% / Wing 46.8%
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)0.0LowOct 22
Straddle Price (30 DTE)$10.80Oct 22
Beta Analysis
Risk Metrics
Beta: 0.6574
Alpha: -17.67%
Correlation: 0.1774
R-Squared: 3.1%
Stock Volatility: 47.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own BMI
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $36.1M | #315 of 4729 | -7.1% | 13F | |
| Fundsmith Asset manager Terry Smith | $25.9M | #28 of 41 | +22.6% | 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
BMI Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 29,414,886 (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.
7 filers$12.91M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $4.75M | 36.77% | 2026-06-30 |
| 2 | Caption Management, LLC | $2.86M | 22.17% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $1.62M | 12.52% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $1.60M | 12.41% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $1.39M | 10.80% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $584.20K | 4.52% | 2025-09-30 |
| 7 | Simplex Trading, LLC Custodian | $103.87K | 0.80% | 2026-06-30 |
6 filers$13.72M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.33M | 53.41% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $3.81M | 27.79% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $1.23M | 8.97% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $934.79K | 6.81% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $354.06K | 2.58% | 2025-09-30 |
| 6 | Simplex Trading, LLC Custodian | $59.35K | 0.43% | 2026-06-30 |
BMI Insider Trading (Form 4)
Latest: 2026-10-02Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Todd A. Adams | Director | Grant (A) | +153 RSU | — | EDGAR | |
| 2026-10-02 | Xia Liu | Director | Grant (A) | +153 RSU | — | EDGAR | |
| 2026-07-31 | Edward F. Callahan | VP-Engineering | Buy (P) | +751 | $135.25 | $101.6K | EDGAR |
| 2026-07-02 | Todd A. Adams | Director | Grant (A) | +128 RSU | — | EDGAR | |
| 2026-07-02 | Xia Liu | Director | Grant (A) | +128 RSU | — | EDGAR | |
| 2026-05-04 | Xia Liu | Director | Grant (A) | +131 RSU | — | EDGAR | |
| 2026-04-29 | Glen E Tellock | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-29 | Xia Liu | Director | Grant (A) | +952 RSU | — | EDGAR | |
| 2026-04-29 | Melanie K. Cook | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-29 | Henry F Brooks | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-29 | Tessa M. Myers | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-29 | James F Stern | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-29 | Todd A. Adams | Director | Grant (A) | +952 RSU | — | EDGAR | |
| 2026-04-29 | James W McGill | Director | Award (A) | +952 | $122.96 | $117.1K | EDGAR |
| 2026-04-23 | William R A Bergum | VP-Gen. Counsel and Secretary | I | +1,413 | $123.78 | $175.0K | 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.
BMI Insider Holdings
19 insiders · @ $149.64
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 | Kenneth Bockhorst | Chairman, President & CEO | 51,931 | $7.77M | -$3.19M | 26 | 2026-04-21 |
| 2 | William R A Bergum | VP-Gen. Counsel and Secretary | 28,555 | $4.27M | -$3.00M | 78 | 2026-04-23 |
| 3 | Robert Wrocklage | EVP-N.A. Muncipal Utility | 23,493 | $3.52M | $373.7K | 21 | 2026-04-23 |
| 4 | Fred J Begale | VP-Utility NPD | 10,509 | $1.57M | -$2.86M | 86 | 2026-03-10 |
| 5 | Kimberly K Stoll | VP-Cust Serv & GM SmartCover | 10,166 | $1.52M | -$3.77M | 66 | 2026-03-10 |
| 6 | Glen E Tellock | Director | 8,551 | $1.28M | $0 | 11 | 2026-04-29 |
| 7 | James F Stern | Director | 8,551 | $1.28M | $0 | 11 | 2026-04-29 |
| 8 | Matthew L Stuyvenberg | EVP-SaaS Intl Utility & Comm'l | 7,719 | $1.16M | $0 | 11 | 2026-03-10 |
| 9 | Richard Htwe | VP-Global Operations | 7,603 | $1.14M | $698.6K | 9 | 2026-04-22 |
| 10 | Sheryl Hopkins | VP - Human Resources | 5,977 | $894.5K | $0 | 12 | 2026-03-10 |
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.
BMI Board & Officers
As of SEC filings through Oct 2, 2026Directors 9
- James F Stern · since Nov 11, 2016
- Glen E Tellock · since Feb 10, 2017
- Todd A. Adams · since Feb 10, 2017
- Kenneth Bockhorst · listed since Jan 2019
- Tessa M. Myers · since Feb 27, 2019
- James W McGill · since Feb 26, 2020
- Henry F Brooks · since Aug 19, 2021
- Melanie K. Cook · since Feb 24, 2022
- Xia Liu · since Aug 1, 2022
Officers 11
- Kenneth Bockhorst · Chairman, President & CEO · listed since Jan 2020
- Daniel R Weltzien · VP-CFO & Treasurer · listed since Feb 2026
- William R A Bergum · VP-Gen. Counsel and Secretary · since Feb 17, 2006
- Robert Wrocklage · EVP-N.A. Muncipal Utility · listed since Feb 2026
- Matthew L Stuyvenberg · EVP-SaaS Intl Utility & Comm'l · listed since Feb 2026
- Sheryl Hopkins · VP - Human Resources · since Oct 16, 2020
- Richard Htwe · VP-Global Operations · since Jan 3, 2023
- Christina M. Tarantino · VP-Controller · since Jan 1, 2026
- Edward F. Callahan · VP-Engineering · since Jan 23, 2026
- Fred J Begale · VP-Utility NPD · listed since Feb 2026
- Kimberly K Stoll · VP-Cust Serv & GM SmartCover · listed since Feb 2026
Changes in the last 10 years (34)
| Feb 17, 2026 | Matthew L Stuyvenberg listed as EVP-SaaS Intl Utility & Comm'l (previously Vice President-Software & WQ) in SEC filings |
| Feb 17, 2026 | Kimberly K Stoll listed as VP-Cust Serv & GM SmartCover (previously VP-Sales & Marketing) in SEC filings |
| Feb 17, 2026 | Fred J Begale listed as VP-Utility NPD (previously VP-Engineering) in SEC filings |
| Feb 17, 2026 | Daniel R Weltzien listed as VP-CFO & Treasurer (previously VP-Controller) in SEC filings |
| Feb 10, 2026 | Robert Wrocklage listed as EVP-N.A. Muncipal Utility (previously Svp-Cfo) in SEC filings |
| Jan 23, 2026 | Edward F. Callahan became VP-Engineering |
| Jan 1, 2026 | Christina M. Tarantino became VP-Controller |
| Feb 5, 2024 | Matthew L Stuyvenberg listed as Vice President-Software & WQ (previously Vice President-Water Quality) in SEC filings |
| Jan 3, 2023 | Richard Htwe became VP-Global Operations |
| Dec 1, 2022 | Lars Bo Kristensen became VP-Global Flow and Intl Water |
| Aug 1, 2022 | Xia Liu became a director |
| Feb 24, 2022 | Melanie K. Cook became a director |
| Feb 14, 2022 | The company announced the departure of Gregory M Gomez as VP-Flow Instrumentation in an SEC filing |
| Jan 1, 2022 | Matthew L Stuyvenberg became Vice President-Water Quality |
| Aug 19, 2021 | Henry F Brooks became a director |
| Oct 16, 2020 | Sheryl Hopkins became VP - Human Resources |
| Feb 26, 2020 | James W McGill became a director |
| Jan 24, 2020 | Robert Wrocklage listed as Svp-Cfo (previously VP Finance) in SEC filings |
| Jan 24, 2020 | Kenneth Bockhorst listed as Chairman, President & CEO (previously President & CEO) in SEC filings |
| Jun 1, 2019 | William Parisen became VP-Global Operations |
| Jun 1, 2019 | Karen M. Bauer became VP-IR, Strategy & Treasurer |
| Apr 30, 2019 | Horst Gras reported in an SEC filing no longer being VP-International |
| Mar 5, 2019 | Daniel R Weltzien listed as VP-Controller (previously VP-Acctg & External Rptg) in SEC filings |
| Feb 27, 2019 | Tessa M. Myers became a director |
| Jan 25, 2019 | Richard E Johnson listed as Sr. VP-Admin (previously Sr. VP-Finance, Treas & CFO) in SEC filings |
| Jan 25, 2019 | Richard A Meeusen no longer listed as Chairman, President & CEO in SEC filings |
| Jan 25, 2019 | Kenneth Bockhorst listed as President & CEO (previously Senior VP/COO) in SEC filings |
| Jan 25, 2019 | Kenneth Bockhorst first listed as a director in an SEC filing |
| Jan 3, 2019 | Daniel R Weltzien became VP-Acctg & External Rptg |
| Aug 15, 2018 | Robert Wrocklage became VP Finance |
| Oct 11, 2017 | Kenneth Bockhorst became Senior VP/COO |
| Feb 10, 2017 | Todd A. Adams became a director |
| Feb 10, 2017 | Glen E Tellock became a director |
| Nov 11, 2016 | James F Stern became a director |
Not reported recently (13)
- Karen M. Bauer · Last reported as VP-IR, Strategy & Treasurer in an SEC filing dated Mar 7, 2025
- Lars Bo Kristensen · Last reported as VP-Global Flow and Intl Water in an SEC filing dated Mar 4, 2024
- Gale E Klappa · Last reported as a director in an SEC filing dated May 4, 2022
- William Parisen · Last reported as VP-Global Operations in an SEC filing dated Mar 7, 2022
- Gail A Lione · Last reported as a director in an SEC filing dated Jul 26, 2021
- Trina L. Jashinsky · Last reported as VP-Human Resources in an SEC filing dated Mar 10, 2020
- Richard A Meeusen · Last reported as a director in an SEC filing dated Jun 14, 2019
- Thomas J Fischer · Last reported as a director in an SEC filing dated Apr 30, 2019
- Todd J Teske · Last reported as a director in an SEC filing dated Apr 30, 2019
- Raymond G Serdynski · Last reported as VP-Manufacturing in an SEC filing dated Apr 24, 2019
- Richard E Johnson · Last reported as Sr. VP-Admin in an SEC filing dated Feb 22, 2019
- Smiley Beverly L P · Last reported as VP-Controller in an SEC filing dated Jan 25, 2019
- Andrew J Policano · Last reported as a director in an SEC filing dated Sep 7, 2017
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.
BMI Proposed Insider Sales (Form 144)
Latest: 2026-03-04
? 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 |
|---|---|---|---|---|---|---|---|---|
| 2026-03-04 | Begale Fred J | Officer | 2,064 | $310.0K | 2026-03-04 | R.W. Baird | — | EDGAR |
| 2026-02-26 | Stoll Kimberly K | Officer | 1,926 | $310.0K | 2026-02-27 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Bergum William R A | Officer | 3,906 | $820.3K | 2025-03-05 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Wrocklage Robert A | Officer | 2,091 | $439.1K | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Begale Fred J | Officer | 1,173 | $246.3K | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Stoll Kimberly K | Officer | 1,767 | $371.1K | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Bockhorst Kenneth C | Officer, Director | 18,824 | $3.95M | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-03-07 144/A | Bauer Karen | Officer | 1,482 | $311.2K | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-02-28 | Weltzien Daniel R | Officer | 600 | $126.0K | 2025-02-28 | R.W. Baird | — | EDGAR |
| 2025-02-28 | Stuyvenberg Matthew L | Officer | 224 | $47.0K | 2025-02-28 | R.W. Baird | — | 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
141 ETFs hold BMI
25 shown · $1.22B total exposure · 0.23% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.22% | $227.6M | $103.8B | 2026-10-21 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $115.3M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.13% | $97.9M | $74.2B | 2026-10-21 |
| 4 | VGT Vanguard Information Technology ETF | Vanguard | 0.05% | $89.8M | — | 2026-09-30 |
| 5 | SDVY First Trust SMID Cap Rising Dividend Achievers ETF | First Trust | 0.78% | $87.0M | $11.1B | 2026-10-21 |
| 6 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $80.6M | — | 2026-09-30 |
| 7 | PAVE Global X U.S. Infrastructure Development ETF | Global X | 0.40% | $54.5M | — | 2026-10-22 |
| 8 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.10% | $44.9M | — | 2026-09-30 |
| 9 | SDY State Street® SPDR® S&P® Dividend ETF | SPDR (State Street) | 0.19% | $41.0M | $21.7B | 2026-10-21 |
| 10 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $40.4M | — | 2026-09-30 |
| 11 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.27% | $36.5M | $13.6B | 2026-10-21 |
| 12 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.47% | $35.3M | $7.6B | 2026-10-21 |
| 13 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.22% | $34.9M | $15.8B | 2026-10-21 |
| 14 | FIW First Trust Water ETF | First Trust | 1.97% | $34.8M | $1.8B | 2026-10-21 |
| 15 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.09% | $29.6M | — | 2026-10-21 |
| 16 | PHO Invesco Water Resources ETF | Invesco | 1.31% | $25.8M | — | 2026-10-21 |
| 17 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.47% | $21.8M | $4.6B | 2026-10-21 |
| 18 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.12% | $21.4M | — | 2026-09-30 |
| 19 | VIG Vanguard Dividend Appreciation ETF | Vanguard | 0.02% | $20.3M | — | 2026-09-30 |
| 20 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.08% | $17.6M | — | 2026-05-31 |
| 21 | CGW Invesco S&P Global Water Index ETF | Invesco | 1.31% | $13.7M | — | 2026-10-21 |
| 22 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.21% | $12.7M | — | 2026-09-30 |
| 23 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.05% | $11.9M | $21.7B | 2026-10-21 |
| 24 | SMDV ProShares S&P SmallCap 600 Dividend Aristocrats ETF | ProShares | 1.73% | $11.6M | — | 2026-10-22 |
| 25 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.11% | $8.4M | — | 2026-10-21 |
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
34.96
TTM Diluted EPS
$4.28
TTM Revenue
$880.96M
TTM Net Income
$125.71M
TTM Op. Cash Flow
$166.69M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $222.32M | $29.72M | $1.02 | $26.71M |
| Q1 '26 | 2026-03-31 | $202.28M | $27.34M | $0.93 | $33.89M |
| Q4 '25 | 2025-12-31 | $220.71M | $33.58M | $1.14 | $54.80M |
| Q3 '25 | 2025-09-30 | $235.65M | $35.08M | $1.19 | $51.28M |
| Q2 '25 | 2025-06-30 | $238.09M | $34.58M | $1.17 | $44.59M |
| Q1 '25 | 2025-03-31 | $222.21M | $38.40M | $1.30 | $33.03M |
| Q4 '24 | 2024-12-31 | $205.18M | $30.72M | $1.04 | $52.07M |
| Q3 '24 | 2024-09-30 | $208.44M | $32.04M | $1.08 | $45.09M |
| Q2 '24 | 2024-06-30 | $216.66M | $33.06M | $1.12 | $36.42M |
| Q1 '24 | 2024-03-31 | $196.28M | $29.13M | $0.99 | $21.46M |
| Q4 '23 | 2023-12-31 | $182.44M | $24.72M | $0.84 | $37.95M |
| Q3 '23 | 2023-09-30 | $186.19M | $25.97M | $0.88 | $31.43M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-23
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
34.96
P/B
6.45
P/S
5.00
EV/EBITDA
21.52
EV/Sales
4.89
ROE
18.4%
ROA
12.6%
Div Yield
1.22%
FCF Yield
3.79%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$4.40B
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
4.58M
SI % of Float
15.93%
Days to Cover
10.53
Short Vol Ratio
67.9%
Free Float
28.73M
Float %
99.1%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-08-14