IIPR Innovative Industrial Properties, Inc.
XNYS 55.54 DelayedStock 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.
IIPR
$55.54
—
What changed
Recent filings, trades and movesKey stats
$55.54
- 52-Week Range
- $44.58 – $65.38
- YTD
- +12.27%
- IV Rank (30D)
- 7.65
- Straddle Price
- $3.95
- P/C Vol Ratio
- 0.76
- Market Cap
- $1.5B
- Open
- $55.62
- Day Range
- $55.51 – $56.20
- Volume
- 250,510
- Prev Close
- $54.83
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.05 |
| Cost of Equity (CAPM) | 10.53% (VRP-adj) |
| WACC | 9.20% |
| Volatility Risk Premium | +9.9pp (IV − HV30), ERP adj +35bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -2.6% |
| DCF Horizon | 12 years explicit + fade |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | 6.9% |
| Book / Price | 119.4% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 88.7% |
| FCF Margin (TTM) | 72.7% |
| Debt / Equity | 0.38 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | -2.9% (reverse-DCF on current price) |
| SMA 50 | $54.25 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $53.32 |
| Bollinger Width / SMA20 | 10.6% (drives anchor stability) |
| Net Debt | $0.6B |
| Market Cap | $2B |
Peers used for multiples: AHRT, EPR, GLPI, GOOD, GTY, MRP, VICI
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
32%
20-Day Fair Value
≈ by Dec 8, 2026
$55.13
α -0.7%
rank 61%
conviction
52%
40-Day Fair Value
≈ by Jan 6, 2027
$55.87
α +0.6%
rank 61%
conviction
23%
60-Day Fair Value
≈ by Feb 4, 2027
$54.91
α -1.1%
rank 61%
conviction
32%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $56.02 | 20% | |
| DDM (Gordon) | $56.33 | 16% | |
| Peer P/E | $69.40 | 6% | median 15.7× · 6 peers |
| Peer EV/EBITDA | $77.05 | 6% | median 13.6× · 7 peers |
| Peer P/B | $98.85 | 6% | median 1.5× · 7 peers |
| Peer P/S | $54.64 | 6% | median 5.8× · 7 peers |
| Market Anchor (SMA50) | $54.25 | 39% | stability 97% (BB-width) |
| Options Expected (B-L 30d) | $53.96 | 0% | 5 strikes · skew -0.60 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- REAL ESTATE (6500) · industry map
- Exchange
- XNYS
- Market Cap
- $1.5B
- Employees
- 24
- List Date
- 2016-12-01
- CIK
- 0001677576
- Last Earnings
- Nov 2 after close · +1.1% vs ±8.9% expected
- Next Earnings
- ~Feb 22, 2027 (estimated)
- Headquarters
- Park City, UT
- Homepage
- https://www.innovativeindustrialproperties.com
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the…
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 5.42% | -20.37% | -8.60% | -7.87% | 5.72% | -2.32% | -4.67% |
| Feb | 0.22% | -4.92% | -3.35% | 3.09% | -0.15% | 9.76% | 0.77% |
| Mar | -8.13% | 11.03% | -10.02% | 5.43% | -22.66% | -6.56% | -5.15% |
| Apr | -1.83% | -27.74% | -9.79% | 2.50% | -2.74% | 9.84% | -4.96% |
| May | 0.86% | -7.92% | -3.63% | 2.13% | 0.42% | 6.42% | -0.29% |
| Jun | 3.85% | -17.28% | 11.45% | 1.03% | 1.79% | 8.13% | 1.49% |
| Jul | 11.05% | -13.87% | 6.68% | 13.98% | -8.80% | -6.43% | 0.44% |
| Aug | 14.87% | -3.98% | 12.23% | 2.25% | 10.30% | -2.85% | 5.47% |
| Sep | -6.63% | -0.25% | -13.75% | 9.86% | -1.78% | -6.21% | -3.13% |
| Oct | 12.35% | 18.56% | -3.30% | -2.50% | -9.25% | 2.04% | 2.98% |
| Nov | -4.33% | 8.74% | 12.49% | -14.16% | -0.08% | 2.10%* | 0.79% |
| Dec | 5.05% | -15.53% | 20.12% | -39.64% | -5.07% | -- | -7.01% |
| Total | 34.22% | -58.43% | 3.91% | -31.50% | -30.97% | 12.47% | -11.72% |
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: $53.54
SMA 50: $54.23
SMA 200: $55.21
Current: $55.54
EMA 12: $54.41
EMA 26: $53.97
MACD: 0.4385 | Signal: 0.3739
BULLISH
ADX (14): 20.19
WEAK TREND
+DI: 28.64
−DI: 18.01
Momentum Oscillators
RSI (14): 57.26
NEUTRAL
Stoch %K: 62.43
Stoch %D: 69.82
Williams %R: -32.72
Volume & Volatility
BB Upper: $56.33
BB Lower: $50.74
NEUTRAL
OBV: -18,893,921
Vol SMA 20: 334,525
Vol ROC: 27.21%
ATR: $1.57
True Range: $1.37
HV 20: 31.8%
HV 30: 31.1%
HV 60: 25.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before IIPR’s Nov 2 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report: IIPR
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Positive news sentiment driven by recent facility acquisition and expansion plans
- Technical signals indicating oversold conditions and potential bounce
Primary risks:
- High beta and volatility, increasing risk of significant price swings
- Options market pricing a moderate move by expiration, which may not materialize
Investment thesis: IIPR is likely to experience a short-term rebound driven by positive news sentiment, but investors should be cautious due to the high beta and volatility.
Recent news sentiment impact: Positive news headlines have contributed to the recent price drop, creating an oversold condition that may lead to a short-term bounce.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Neutral; Medium-term (1-3 months) - Bearish; Long-term (3-12 months) - Bullish
Support/Resistance Levels:
- SMA 20: $59.00
- SMA 50: $60.74
- Upper Bollinger Band: $63.10
Momentum Signals:
- RSI (14): 29.71 (oversold)
- MACD signal line crossover: Bearish
- Bollinger Bands position: Neutral
Volume Analysis: Volume trends and institutional interest signals are neutral, with no clear indication of significant buying or selling pressure.
News & Sentiment Analysis
Recent Headlines Summary: Recent news headlines highlight the company's expansion plans, which has driven positive sentiment and contributed to the price drop.
Sentiment Assessment: Positive sentiment dominates recent headlines, indicating a bullish bias.
Catalyst Identification: The company's acquisition of new facilities and expansion plans serve as catalysts for future growth.
Market Narrative: News sentiment aligns with the technical signals, indicating oversold conditions and potential short-term bounce.
Risk & Volatility Assessment
Beta Interpretation: Beta is relatively low at 0.76, indicating a lower risk relative to the broader market.
Volatility Regime: Current volatility levels are moderate, with a historical volatility of HV20 25.7%.
Options Market Signals: IV rank is low, indicating historically low volatility. Options market pricing a moderate move by expiration, which may not materialize.
Downside Protection: Support levels and risk management considerations are crucial due to the high beta and volatility.
Market Context & Positioning
Sector Performance: IIPR outperforms its sector peers in the recent period.
Institutional Activity: Institutional interest signals indicate a lack of significant buying or selling pressure.
Correlation Analysis: The stock moves relatively independently of market trends (R-squared interpretation).
Relative Valuation: The stock is trading within its historical range, with no clear indication of undervaluation or overvaluation.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 ($59.00)
- Resistance: Upper Bollinger Band ($63.10)
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: Earnings date not available; options expiration and facility acquisition announcements serve as near-term catalysts.
Risk Management: Stop-loss levels should be set at SMA 20 ($59.00) to manage risk, with position sizing considerations based on the stock's volatility.
By analyzing the technical indicators, news sentiment, and risk metrics, IIPR appears poised for a short-term rebound driven by positive news sentiment and oversold conditions. However, investors should remain cautious due to the high beta and volatility, which may lead to significant price swings.
Generated
News
All IIPR news →
Life science bets and re-leasing lifted AFFO per share 7% sequentially
Earnings History
19 of 23 under expected move
Avg Expected Move
8.41%
Avg Actual Move
5.36%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-25 | Pre-Market | 12.04% | 14.32% | 1.19x | Exceeded |
| 2021-05-06 | Pre-Market | 8.26% | 4.18% | 0.51x | Within |
| 2021-08-05 | Pre-Market | 7.71% | 1.43% | 0.19x | Within |
| 2021-11-04 | Pre-Market | 7.81% | 2.93% | 0.38x | Within |
| 2022-02-24 | Pre-Market | 10.70% | 3.18% | 0.30x | Within |
| 2022-05-05 | Pre-Market | 8.42% | 5.46% | 0.65x | Within |
| 2022-08-04 | Pre-Market | 10.50% | 1.27% | 0.12x | Within |
| 2022-11-03 | Pre-Market | 10.81% | 8.04% | 0.74x | Within |
| 2023-01-19 | Pre-Market | 2.83% | 16.95% | 5.99x | Exceeded |
| 2023-05-09 | Pre-Market | 7.77% | 3.12% | 0.40x | Within |
| 2023-08-03 | Pre-Market | 7.58% | 1.59% | 0.21x | Within |
| 2023-11-02 | Pre-Market | 7.71% | 6.98% | 0.91x | Within |
| 2024-02-27 | Pre-Market | 7.69% | 6.21% | 0.81x | Within |
| 2024-05-09 | Pre-Market | 5.99% | 2.68% | 0.45x | Within |
| 2024-08-06 | Pre-Market | 8.79% | 1.27% | 0.14x | Within |
| 2024-11-07 | Pre-Market | 7.01% | 10.51% | 1.50x | Exceeded |
| 2025-05-07 | After-Close | 6.89% | 4.29% | 0.62x | Within |
| 2025-08-07 | Pre-Market | 8.28% | 10.69% | 1.29x | Exceeded |
| 2025-11-04 | Pre-Market | 9.85% | 0.55% | 0.06x | Within |
| 2026-02-23 | After-Close | 11.64% | 10.70% | 0.92x | Within |
| 2026-05-04 | Pre-Market | 8.67% | 2.92% | 0.34x | Within |
| 2026-08-03 | After-Close | 7.72% | 3.02% | 0.39x | Within |
| 2026-11-02 | After-Close | 8.87% | 1.10% | 0.12x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
IIPR Options Activity & IV Rank
IIPR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 28.8%
7-DTE IV: 38.6%
Expected Move: $3.95
7-DTE Move: $3.02
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 253
Put Volume: 192
P/C Volume: 0.759
NEUTRAL
Call OI: 11,534
Put OI: 5,050
P/C OI: 0.438
Total OI: 16,584
ATM Options Pricing
ATM Call: $2.25
ATM Put: $1.70
Call %: 4.1%
Put %: 3.1%
Chain Summary
Chain Volume: 445
Chain OI: 16,584
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
TYPICAL γ
Estimated net dealer gamma is at the 77th 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
77%
vs own history
GEX tilt
+0.52
OI-weighted, today
Vanna tilt
+0.74
δ-sensitivity to IV
Charm tilt
-0.74
δ-decay vs time
Vanna tilt +0.74: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.74: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 17 ATM contracts, 7k 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)32.6MediumNov 9
IV Rank (30 DTE)7.7LowNov 9
Straddle Price (30 DTE)$3.95Nov 9
Beta Analysis
Risk Metrics
Beta: 0.5631
Alpha: 7.35%
Correlation: 0.2085
R-Squared: 4.3%
Stock Volatility: 37.1%
Market Volatility: 13.8%
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 IIPR
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Point72 Hedge fund Steve Cohen | $21.8M | #563 of 1945 | -24.4% | 13F | |
| Citadel Hedge fund Ken Griffin | $2.6M | #2668 of 6285 | +99.3% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $93K | #3024 of 4729 | +3.5% | 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
IIPR Institutional Ownership (13F)
Filings for 2026-06-30 · 143 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 28,680,163 (as of 2026-09-30)
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.
5 filers$39.15M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $24.35M | 62.21% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $13.99M | 35.74% | 2026-06-30 |
| 3 | D. E. Shaw & Co., Inc. Custodian | $632.20K | 1.61% | 2026-06-30 |
| 4 | Walleye Trading LLC | $167.35K | 0.43% | 2026-06-30 |
| 5 | WOLVERINE ASSET MANAGEMENT LLC | $5.27K | 0.01% | 2026-09-30 |
6 filers$54.97M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Parallax Volatility Advisers, L.P. | $30.99M | 56.38% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $18.71M | 34.03% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $3.37M | 6.13% | 2026-06-30 |
| 4 | CDC Financial, Inc. | $1.24M | 2.26% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $396.67K | 0.72% | 2026-06-30 |
| 6 | WOLVERINE ASSET MANAGEMENT LLC | $263.40K | 0.48% | 2026-09-30 |
IIPR Insider Trading (Form 4)
Latest: 2026-10-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-13 | Alan D Gold | EXECUTIVE CHAIRMAN | Buy (P) | +40,000 | $25.00 | $1.00M | EDGAR |
| 2026-09-17 | Scott Shoemaker | Director | Sell (S) | −611 | $56.36 | -$34.4K | EDGAR |
| 2026-09-01 | Bruce Alan Ives | Director | Buy (P) | +528 | $56.70 | $29.9K | EDGAR |
| 2026-06-23 | Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | Award (A) | +22,299 | — | EDGAR | |
| 2026-06-23 | Alan D Gold | EXECUTIVE CHAIRMAN | Award (A) | — | — | EDGAR | |
| 2026-06-23 | David Jon Smith | CFO AND TREASURER | Award (A) | +9,219 | — | EDGAR | |
| 2026-06-11 | Bruce Alan Ives | Director | Award (A) | +2,652 | — | EDGAR | |
| 2026-06-10 | David Gerard Boyle | Director | Award (A) | — | — | EDGAR | |
| 2026-06-10 | Scott Shoemaker | Director | Award (A) | — | — | EDGAR | |
| 2026-02-03 | Scott Shoemaker | Director | Exer (M) | +911 | — | EDGAR | |
| 2026-01-21 | Andy Bui | VP, CHIEF ACCOUNTING OFFICER | Award (A) | +6,522 | — | EDGAR | |
| 2026-01-21 | David Jon Smith | CFO AND TREASURER | Award (A) | +20,061 | — | EDGAR | |
| 2026-01-21 | Alan D Gold | EXECUTIVE CHAIRMAN | Award (A) | — | — | EDGAR | |
| 2026-01-21 | Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | Award (A) | +47,643 | — | EDGAR | |
| 2026-01-06 | Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | Mixed Tax −5,169 · Exer +10,653 |
+5,484 | $49.47 | -$255.7K | 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.
IIPR Insider Holdings
10 insiders · @ $55.54
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 | Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | 172,876 | $9.60M | -$2.28M | 28 | 2026-06-23 |
| 2 | Gary A Kreitzer | Director | 61,269 | $3.40M | $1.32M | 18 | 2025-12-30 |
| 3 | Alan D Gold | EXECUTIVE CHAIRMAN | 42,600 | $2.37M | $4.89M | 57 | 2026-10-13 |
| 4 | David Jon Smith | CFO AND TREASURER | 32,801 | $1.82M | $27.5K | 7 | 2026-06-23 |
| 5 | Andy Bui | VP, CHIEF ACCOUNTING OFFICER | 16,186 | $899.0K | -$432.1K | 12 | 2026-01-21 |
| 6 | Brian J. Wolfe | VP, GEN. COUNSEL AND SECRETARY | 8,357 | $464.1K | -$2.07M | 22 | 2025-01-03 |
| 7 | Bruce Alan Ives | Director | 3,180 | $176.6K | $29.9K | 2 | 2026-09-01 |
| 8 | David Gerard Boyle | Director | 2,951 | $163.9K | $0 | 2 | 2026-06-10 |
| 9 | Scott Shoemaker | Director | 2,000 | $111.1K | -$622.7K | 17 | 2026-09-17 |
| 10 | David Stecher | Director | 1,416 | $78.6K | -$721.0K | 13 | 2025-03-05 |
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.
IIPR Board & Officers
As of SEC filings through Oct 13, 2026Directors 5
- Alan D Gold · since Nov 30, 2016
- Paul E. Smithers · since Nov 30, 2016
- Scott Shoemaker · since Nov 30, 2016
- David Gerard Boyle · since Jun 11, 2025
- Bruce Alan Ives · since Jun 9, 2026
Officers 4
- Paul E. Smithers · President, CEO and Director · since Nov 30, 2016
- David Jon Smith · CFO and Treasurer · since Mar 29, 2023
- Andy Bui · VP, Chief Accounting Officer · since Jan 6, 2021
- Alan D Gold · Executive Chairman · since Nov 30, 2016
Changes in the last 10 years (25)
| Jun 9, 2026 | Bruce Alan Ives became a director |
| Apr 6, 2026 | The company announced the departure of Gary A Kreitzer from the board in an SEC filing |
| Jun 11, 2025 | David Gerard Boyle became a director |
| Feb 7, 2025 | The company announced the departure of Mary A Curran from the board in an SEC filing |
| Feb 5, 2025 | The company announced the departure of David Stecher from the board in an SEC filing |
| Jan 2, 2025 | The company announced the departure of Brian J. Wolfe as VP, Gen. Counsel and Secretary in an SEC filing |
| Mar 29, 2023 | David Jon Smith became CFO and Treasurer |
| Jan 12, 2021 | Catherine Hastings listed as CFO and Treasurer (previously CFO, CAO and Treasurer) in SEC filings |
| Jan 6, 2021 | Andy Bui became VP, Chief Accounting Officer |
| Dec 31, 2019 | Mary A Curran became a director |
| Sep 21, 2018 | HG Vora Capital Management, LLC reported in an SEC filing no longer being a 10% owner |
| Jan 18, 2018 | HG Vora Capital Management, LLC became a 10% owner |
| Jan 2, 2018 | Catherine Hastings listed as CFO, CAO and Treasurer (previously CAO and Treasurer) in SEC filings |
| Jan 3, 2017 | Catherine Hastings became CAO and Treasurer |
| Nov 30, 2016 | Scott Shoemaker became a director |
| Nov 30, 2016 | Robert M. Sistek became CFO and EVP, Investments |
| Nov 30, 2016 | Paul E. Smithers became a director |
| Nov 30, 2016 | Paul E. Smithers became President, CEO and Director |
| Nov 30, 2016 | Greg Fahey became CAO and Treasurer |
| Nov 30, 2016 | Gary Malino became a director |
| Nov 30, 2016 | Gary A Kreitzer became a director |
| Nov 30, 2016 | David Stecher became a director |
| Nov 30, 2016 | Brian J. Wolfe became VP, Gen. Counsel and Secretary |
| Nov 30, 2016 | Alan D Gold became a director |
| Nov 30, 2016 | Alan D Gold became Executive Chairman |
Not reported recently (4)
- Catherine Hastings · Last reported as CFO and Treasurer in an SEC filing dated Jan 20, 2023
- Robert M. Sistek · Last reported as CFO and EVP, Investments in an SEC filing dated Jun 1, 2017
- Gary Malino · Last reported as a director in an SEC filing dated Dec 6, 2016
- Greg Fahey · Last reported as CAO and Treasurer in an SEC filing dated Nov 30, 2016
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.
IIPR Proposed Insider Sales (Form 144)
Latest: 2025-02-28
? 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-02-28 | Stecher David | Director | 7,599 | $550.9K | 2025-02-28 | Charles Schwab Corp. | — | EDGAR |
| 2023-11-15 | Stecher David | Director | 2,500 | $199.2K | 2023-11-15 | Charles Schwab Corp. | — | 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: 2026-11-06
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-11-06 | Shareholder rights change · Bylaws or fiscal year change | EDGAR |
| 2026-11-02 | Earnings results · Regulation FD disclosure | EDGAR |
| 2026-10-27 | Material agreement · New debt obligation | EDGAR |
| 2026-10-14 | Material agreement · Shareholder rights change · Bylaws or fiscal year change | EDGAR |
| 2026-10-01 | Material agreement · Regulation FD disclosure | EDGAR |
| 2026-09-25 | Bylaws or fiscal year change | EDGAR |
| 2026-09-01 | Other events | EDGAR |
| 2026-08-03 | Earnings results · Regulation FD disclosure | EDGAR |
| 2026-07-21 | Other events | EDGAR |
| 2026-06-15 | Material agreement · New debt obligation · Unregistered share sale · Other events | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
93 ETFs hold IIPR
25 shown · $485.53M total exposure · 0.08% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.09% | $91.5M | $103.8B | 2026-11-06 |
| 2 | VNQ Vanguard Real Estate ETF | Vanguard | 0.09% | $57.8M | — | 2026-09-30 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $46.1M | — | 2026-09-30 |
| 4 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $42.4M | $76.6B | 2026-11-06 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.02% | $32.7M | — | 2026-09-30 |
| 6 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.03% | $21.3M | — | 2026-09-30 |
| 7 | KBWY Invesco KBW Premium Yield Equity REIT ETF | Invesco | 7.18% | $20.8M | — | 2026-11-05 |
| 8 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $16.4M | — | 2026-09-30 |
| 9 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.11% | $15.4M | $13.9B | 2026-11-06 |
| 10 | SDIV Global X SuperDividend ETF | Global X | 1.34% | $14.5M | — | 2026-11-06 |
| 11 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.09% | $13.9M | $15.7B | 2026-11-05 |
| 12 | SCHH Schwab U.S. REIT ETF | Nport | 0.12% | $12.9M | — | 2026-08-31 |
| 13 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.17% | $12.5M | $7.5B | 2026-11-06 |
| 14 | DIV Global X SuperDividend U.S. ETF | Global X | 1.59% | $12.1M | — | 2026-11-06 |
| 15 | DFAR Dimensional US Real Estate ETF | Dimensional | 0.11% | $9.9M | — | 2026-11-05 |
| 16 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.05% | $9.0M | — | 2026-09-30 |
| 17 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.17% | $8.2M | $4.9B | 2026-11-05 |
| 18 | PFF iShares Preferred and Income Securities ETF | iShares (BlackRock) | 0.07% | $8.0M | $11.5B | 2026-11-06 |
| 19 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.03% | $7.8M | — | 2026-08-31 |
| 20 | CALF Pacer US Small Cap Cash Cows 100 ETF | Nport | 0.17% | $6.3M | — | 2026-07-31 |
| 21 | USRT iShares Core U.S. REIT ETF | iShares (BlackRock) | 0.13% | $5.7M | $4.2B | 2026-11-06 |
| 22 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.06% | $5.5M | — | 2026-08-31 |
| 23 | USVM VictoryShares US Small Mid Cap Value Momentum ETF | Nport | 0.31% | $5.4M | — | 2026-06-30 |
| 24 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.08% | $5.1M | — | 2026-09-30 |
| 25 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.32% | $4.4M | $1.4B | 2026-11-06 |
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
12.54
TTM Diluted EPS
$4.43
TTM Revenue
$263.89M
TTM Net Income
$126.21M
TTM Op. Cash Flow
$200.31M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $64.92M | $27.56M | $0.99 | $49.45M |
| Q2 '26 | 2026-06-30 | $63.31M | $39.52M | $1.36 | $44.92M |
| Q1 '26 | 2026-03-31 | $69.00M | $29.17M | $1.02 | $56.03M |
| Q4 '25 | 2025-12-31 | $66.66M | $29.96M | $1.06 | $49.91M |
| Q3 '25 | 2025-09-30 | $64.69M | $27.55M | $0.97 | $45.59M |
| Q2 '25 | 2025-06-30 | $62.89M | $24.39M | $0.86 | $48.45M |
| Q1 '25 | 2025-03-31 | $71.72M | $29.55M | $1.03 | $54.24M |
| Q4 '24 | 2024-12-31 | $76.74M | $38.89M | $1.36 | $57.81M |
| Q3 '24 | 2024-09-30 | $76.53M | $39.08M | $1.37 | $64.87M |
| Q2 '24 | 2024-06-30 | $79.79M | $41.09M | $1.44 | $64.20M |
| Q1 '24 | 2024-03-31 | $75.45M | $39.09M | $1.36 | $71.57M |
| Q4 '23 | 2023-12-31 | $79.16M | $41.30M | $1.45 | $-84.01M |
Q3 2026 • period ending 2026-09-30 • filed 2026-11-03
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
12.54
P/B
0.86
P/S
6.06
EV/EBITDA
9.64
EV/Sales
7.25
ROE
6.8%
ROA
4.9%
Div Yield
14.76%
FCF Yield
12.29%
Debt/Equity
0.28
Current Ratio
—
Market Cap
$1.60B
as of 2026-11-09
IIPR vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| EQIX Equinix, Inc. Common Stock REIT | $100.2B | 63.3 | +11.1% | +38.0% | 38 |
| VICI VICI Properties Inc. Common Stock | $27.3B | 11.5 | +5.4% | −10.6% | 43 |
| GLPI Gaming and Leisure Properties, Inc. | $11.3B | 16.0 | −21.2% | −11.2% | 59 |
| EPR EPR Properties | $4.6B | 17.2 | +9.3% | +20.5% | 47 |
| MRP Millrose Properties, Inc. | $4.3B | 9.3 | +228.2% | −10.8% | 58 |
| GTY Getty Realty Corp. | $1.9B | 18.0 | +12.4% | +4.6% | 50 |
| IIPR Innovative Industrial Properties, Inc. C | $1.5B | 12.5 | −4.4% | +12.3% | 8 |
| GOOD Gladstone Commercial Corporation - REIT | $493M | 78.7 | +10.6% | −5.2% | 34 |
| AHRT AH Realty Trust, Inc. | $471M | — | — | +2.9% | 59 |
| Peer median | $4.4B | 17.2 | +10.6% | −1.2% | 48 |
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
3.56M
SI % of Float
13.22%
Days to Cover
8.39
Short Vol Ratio
41.1%
Free Float
26.92M
Float %
97.6%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-08-07