MAX MediaAlpha, Inc.
XNYS
14.75
+0.00%
Pre-market
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.
MAX
$14.75
▲ +0.00%
Key stats
$14.74
Pre-market
$14.75
+0.00%
- 52-Week Range
- $7.09 – $14.87
- YTD
- +23.35%
- IV Rank (30D)
- 24.11
- Straddle Price
- $1.83
- P/C Vol Ratio
- 0.11
- Market Cap
- $0.9B
- Open
- $14.00
- Day Range
- $13.81 – $14.87
- Volume
- 2,016,447
- Prev Close
- $14.13
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) | 5.05% |
| Beta vs SPY | 0.90 |
| Cost of Equity (CAPM) | 9.56% (VRP-adj) |
| WACC | 8.83% |
| Volatility Risk Premium | +73.2pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +29.1% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 210.5% |
| Book / Price | 1.9% |
| Gross Margin (TTM) | 14.8% |
| FCF Margin (TTM) | 4.2% |
| Debt / Equity | 8.49 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +7.5% (reverse-DCF on current price) |
| SMA 50 | $11.28 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $11.36 |
| Bollinger Width / SMA20 | 410.8% (drives anchor stability) |
| Net Debt | $0.1B |
| Market Cap | $1B |
Peers used for multiples: AGX, APAM, COLL, ENVA, HCSG, HRMY, OSCR, QLYS
60-Day Conviction
1%
20-Day Fair Value
≈ by Dec 1, 2026
$14.76
α +0.0%
rank 86%
conviction
2%
40-Day Fair Value
≈ by Dec 30, 2026
$14.75
α -0.0%
rank 86%
conviction
0%
60-Day Fair Value
≈ by Jan 28, 2027
$14.75
α -0.0%
rank 86%
conviction
1%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $55.89 | 14% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $29.10 | 13% | median 16.1× · 8 peers |
| Peer EV/EBITDA | $14.78 | 13% | median 11.2× · 8 peers |
| Peer P/B | $1.10 | 3% | median 3.9× · 8 peers |
| Peer P/S | $33.81 | 9% | median 1.7× · 8 peers |
| Market Anchor (SMA50) | $11.28 | 49% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | $14.13 | 0% | 5 strikes · skew -0.18 |
As of 2026-11-02 · updated
Related
About
- Industry (SIC)
- SERVICES-BUSINESS SERVICES, NEC (7389) · industry map
- Exchange
- XNYS
- Market Cap
- $0.9B
- Employees
- 147
- List Date
- 2020-10-28
- CIK
- 0001818383
- Headquarters
- Los Angeles, CA
- Homepage
- https://www.mediaalpha.com
MediaAlpha Inc provides a platform that enables insurance carriers and distributors to target and acquire customers. The company's technology platform brings insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It serves as a customer acquisition channel in property and casualty insurance, health insurance, and life insurance. The company operates in the United States and generates revenue by earning a fee for each consumer referral sold on its platform.
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 | 46.35% | -8.62% | 35.70% | 15.70% | 0.00% | -14.39% | 12.46% |
| Feb | -8.02% | -1.91% | 8.07% | 60.48% | -16.91% | -1.39% | 6.72% |
| Mar | -37.16% | 16.80% | 0.81% | -5.48% | 2.78% | -8.46% | -5.12% |
| Apr | 22.78% | -12.16% | -51.60% | 0.70% | -6.67% | -6.28% | -8.87% |
| May | -6.14% | -33.25% | 14.84% | -15.57% | 6.36% | -2.20% | -5.99% |
| Jun | -2.07% | -0.30% | 19.61% | -24.27% | 5.80% | 34.44% | 5.54% |
| Jul | -19.11% | 19.15% | 7.07% | 16.99% | -7.56% | -5.28% | 1.88% |
| Aug | -32.58% | -30.76% | -13.51% | 7.29% | 7.20% | -1.02% | -10.56% |
| Sep | -15.74% | 5.29% | -1.90% | 5.05% | 5.76% | -22.20% | -3.96% |
| Oct | -2.07% | 21.73% | 29.31% | -3.38% | 14.04% | 52.38% | 18.67% |
| Nov | -14.95% | 5.70% | -2.22% | -22.89% | -3.77% | --* | -7.63% |
| Dec | 4.25% | -12.41% | 8.36% | -11.10% | 2.61% | -- | -1.66% |
| Total | -61.91% | -40.09% | 22.33% | -1.31% | 5.85% | 5.84% | -11.55% |
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: $11.36
SMA 50: $11.28
SMA 200: $10.63
Current: $14.75
EMA 12: $12.33
EMA 26: $11.63
MACD: 0.6972 | Signal: 0.3767
BULLISH
ADX (14): 40.91
STRONG TREND
+DI: 43.78
−DI: 8.02
Momentum Oscillators
RSI (14): 75.99
OVERBOUGHT
Stoch %K: 86.40
Stoch %D: 80.14
Williams %R: -2.42
Volume & Volatility
BB Upper: $14.02
BB Lower: $8.71
OVERBOUGHT
OBV: 16,521,601
Vol SMA 20: 1,099,975
Vol ROC: 159.67%
ATR: $0.77
True Range: $1.06
HV 20: 90.4%
HV 30: 82.8%
HV 60: 66.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-01T00:00:00 – 2026-10-30T00:00:00
AI Analysis
LLM Stock Analysis Report: MAX
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers: Negative news sentiment, regulatory concerns, and moderate volatility.
Primary Risks: Unfavorable court decisions, further regulatory scrutiny, and potential earnings misses.
Investment Thesis: MAX faces significant headwinds from ongoing legal issues, which could weigh on the stock price. While technical indicators suggest a possible bounce, the overall bearish sentiment prevails.
Recent News Sentiment Impact: The negative news headlines have contributed to the bearish tone, highlighting regulatory concerns and potential misconduct. This news flow has likely influenced the recent price decline.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BEARISH
- Long-term (3-12 months): BEARISH
Support/Resistance Levels: SMA 20 ($8.85) and SMA 50 ($9.28) serve as key support levels, while the upper Bollinger Band ($10.07) represents resistance.
Momentum Signals:
- RSI (14): 43.73 (NEUTRAL)
- MACD signal: Bearish
- Bollinger Bands position: Neutral
Volume Analysis: Volume trends indicate a decrease in trading activity, with the OBV showing a bearish divergence from price action.
News & Sentiment Analysis
Recent Headlines Summary: Ongoing legal issues and regulatory concerns have dominated recent news headlines, contributing to the bearish sentiment.
Sentiment Assessment: NEGATIVE (7/10)
Catalyst Identification: No significant near-term catalysts are evident, but ongoing legal developments could impact the stock price.
Market Narrative: The negative news flow has created a bearish narrative, which is supported by the technical indicators and moderate volatility.
Risk & Volatility Assessment
Beta Interpretation: 0.91 (Moderate risk relative to market)
Volatility Regime: Moderate volatility regime persists, with an IV rank of 26.0% indicating medium historical volatility.
Options Market Signals:
- IV rank: Medium
- Put/Call volume ratio: Neutral sentiment
Downside Protection: SMA 20 ($8.85) and SMA 50 ($9.28) provide support levels, while the lower Bollinger Band ($7.64) represents potential downside risk.
Market Context & Positioning
Sector Performance: MAX is underperforming its sector peers, indicating a relative weakness.
Institutional Activity: No significant institutional activity signals are evident, suggesting a lack of buying pressure.
Correlation Analysis: MAX exhibits moderate correlation with the market (R-squared = 0.21).
Relative Valuation: The stock is trading within a neutral range, without clear signs of oversold or overbought conditions.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($8.85) and SMA 50 ($9.28) serve as key support levels.
Breakout/Breakdown Levels: The upper Bollinger Band ($10.07) represents resistance, while the lower band ($7.64) represents potential downside risk.
Time-Sensitive Catalysts: No significant near-term catalysts are evident, but ongoing legal developments could impact the stock price.
Risk Management: Monitor SMA 20 and SMA 50 levels for support, with a stop-loss at $8.00 considering the bearish sentiment. Position sizing should be conservative due to moderate volatility.
Generated
News
All MAX news →
Revenue surged 22.7% to $375.9 million as net income jumped 66.4% year over year.
Showing 1–10 of 15
Page 1 of 2
Earnings History
15 of 18 under expected move
Avg Expected Move
19.46%
Avg Actual Move
11.56%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-11-08 | After-Close | 12.95% | 0.19% | 0.01x | Within |
| 2022-08-04 | After-Close | 7.43% | 17.41% | 2.34x | Exceeded |
| 2023-02-23 | After-Close | 15.86% | 11.93% | 0.75x | Within |
| 2023-05-04 | After-Close | 25.04% | 2.04% | 0.08x | Within |
| 2023-08-02 | After-Close | 22.47% | 5.73% | 0.26x | Within |
| 2023-11-01 | After-Close | 21.06% | 5.22% | 0.25x | Within |
| 2024-02-20 | After-Close | 18.54% | 24.75% | 1.33x | Exceeded |
| 2024-05-01 | After-Close | 17.71% | 4.84% | 0.27x | Within |
| 2024-07-31 | After-Close | 26.07% | 13.09% | 0.50x | Within |
| 2024-10-30 | After-Close | 21.47% | 17.37% | 0.81x | Within |
| 2025-02-24 | After-Close | 22.57% | 18.49% | 0.82x | Within |
| 2025-04-30 | After-Close | 22.92% | 14.17% | 0.62x | Within |
| 2025-08-06 | After-Close | 13.53% | 10.05% | 0.74x | Within |
| 2025-10-29 | After-Close | 20.23% | 9.98% | 0.49x | Within |
| 2026-02-23 | After-Close | 24.13% | 15.44% | 0.64x | Within |
| 2026-04-29 | After-Close | 22.00% | 14.90% | 0.68x | Within |
| 2026-07-29 | After-Close | 21.20% | 1.88% | 0.09x | Within |
| 2026-10-28 | After-Close | 15.15% | 20.56% | 1.36x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
MAX Options Activity & IV Rank
MAX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 62.5%
7-DTE IV: 63.5%
Expected Move: $1.83
7-DTE Move: $1.83
Days to Exp: 21 (2026-11-20)
Options Flow
Call Volume: 75
Put Volume: 8
P/C Volume: 0.107
BULLISH
Call OI: 2,266
Put OI: 924
P/C OI: 0.408
Total OI: 3,190
ATM Options Pricing
ATM Call: $0.65
ATM Put: $1.18
Call %: 4.4%
Put %: 8.0%
Chain Summary
Chain Volume: 2,601
Chain OI: 9,629
Last Updated: 10/30/2026
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 82nd 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
82%
vs own history
GEX tilt
+0.82
OI-weighted, today
Vanna tilt
+0.45
δ-sensitivity to IV
Charm tilt
-0.68
δ-decay vs time
Vanna tilt +0.45: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.68: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 5k 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 30 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 30 · 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
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)4.9LowOct 30
IV Rank (30 DTE)24.1LowOct 30
Straddle Price (30 DTE)$1.83Oct 30
Beta Analysis
Risk Metrics
Beta: 0.3067
Alpha: 31.37%
Correlation: 0.0686
R-Squared: 0.5%
Stock Volatility: 57.2%
Market Volatility: 12.8%
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
MAX Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 69,875,619 (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.
7 filers$4.72M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | J. Goldman & Co LP | $1.11M | 23.57% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.05M | 22.21% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $925.15K | 19.62% | 2026-06-30 |
| 4 | PEAK6 LLC | $786.88K | 16.69% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $565.65K | 12.00% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $221.23K | 4.69% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $57.82K | 1.23% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
MAX Insider Trading (Form 4)
Latest: 2026-10-28Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-28 | Eugene Nonko | Director | Sell (S) | −30,103 | $11.78 | -$354.7K | EDGAR |
| 2026-10-21 | Keith Cramer | Chief Revenue Officer | Sell (S) | −12,000 | $11.39 | -$136.6K | EDGAR |
| 2026-10-21 | Eugene Nonko | Director | Sell (S) | −27,639 | $11.57 | -$319.9K | EDGAR |
| 2026-10-19 | Kuanling Amy Yeh | Chief Technology Officer | Sell (S) | −3,000 | $11.77 | -$35.3K | EDGAR |
| 2026-10-14 | Eugene Nonko | Director | Sell (S) | −23,202 | $10.21 | -$237.0K | EDGAR |
| 2026-10-09 | Steven Yi | See Remarks | Sell (S) | −26,033 | $10.11 | -$263.3K | EDGAR |
| 2026-10-02 | Tigran Sinanyan | See Remarks | Mixed | +23,162 | $9.57 | -$10.4K | EDGAR |
| 2026-09-25 | Kuanling Amy Yeh | Chief Technology Officer | Sell (S) | −3,000 | $9.40 | -$28.2K | EDGAR |
| 2026-09-23 | Eugene Nonko | Director | Sell (S) | −15,468 | $10.66 | -$164.8K | EDGAR |
| 2026-09-16 | Keith Cramer | Chief Revenue Officer | Sell (S) | −13,000 | $11.49 | -$149.4K | EDGAR |
| 2026-09-16 | Eugene Nonko | Director | Sell (S) | −28,871 | $11.58 | -$334.5K | EDGAR |
| 2026-09-10 | Eugene Nonko | Director | Sell (S) | −27,639 | $11.59 | -$320.2K | EDGAR |
| 2026-09-09 | Kuanling Amy Yeh | Chief Technology Officer | Sell (S) | −3,000 | $12.00 | -$36.0K | EDGAR |
| 2026-09-02 | Steven Yi | See Remarks | Sell (S) | −48,000 | $12.38 | -$594.4K | EDGAR |
| 2026-09-02 | Eugene Nonko | Director | Sell (S) | −31,335 | $12.42 | -$389.1K | 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.
MAX Insider Holdings
13 insiders · @ $14.75
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 | Steven Yi | See Remarks | 2,959,584 | $43.65M | -$65.70M | 80 | 2026-10-09 |
| 2 | Eugene Nonko | Director | 1,576,367 | $23.25M | -$66.30M | 85 | 2026-10-28 |
| 3 | Patrick Ryan Thompson | See Remarks | 1,099,078 | $16.21M | $354.2K | 28 | 2026-08-17 |
| 4 | Jeffrey B Coyne | GENERAL COUNSEL AND SECRETARY | 589,577 | $8.70M | -$142.8K | 25 | 2026-08-17 |
| 5 | Kuanling Amy Yeh | Chief Technology Officer | 543,091 | $8.01M | -$5.01M | 31 | 2026-10-19 |
| 6 | Tigran Sinanyan | See Remarks | 254,781 | $3.76M | -$4.63M | 16 | 2026-10-02 |
| 7 | Keith Cramer | Chief Revenue Officer | 239,303 | $3.53M | -$6.00M | 31 | 2026-10-21 |
| 8 | Kathy P Vrabeck | Director | 150,407 | $2.22M | $297.6K | 20 | 2026-05-07 |
| 9 | Venmal (Raji) Arasu | Director | 119,407 | $1.76M | $0 | 19 | 2026-05-07 |
| 10 | Lara Sweet | Director | 98,657 | $1.46M | $0 | 18 | 2025-05-16 |
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.
MAX Board & Officers
As of SEC filings through Oct 28, 2026Directors 7
- Eugene Nonko · since Oct 28, 2020
- Kathy P Vrabeck · since Oct 28, 2020
- Steven Yi · since Oct 28, 2020
- Venmal (Raji) Arasu · since Oct 28, 2020
- Bradley William Hunt · since Mar 31, 2025
- Ramon Jones · since Nov 10, 2025
- Lauren StClair · since May 15, 2026
Officers 6
- Steven Yi · Chief Executive Officer, President and Co-Founder · since Oct 28, 2020
- Tigran Sinanyan · Chief Financial Officer and Treasurer · since Oct 28, 2020
- Patrick Ryan Thompson · Chief Financial Officer and Treasurer · since Dec 6, 2021
- Keith Cramer · Chief Revenue Officer · listed since Feb 2025
- Kuanling Amy Yeh · Chief Technology Officer · listed since Aug 2025
- Jeffrey B Coyne · General Counsel and Secretary · since May 5, 2021
Changes in the last 10 years (48)
| May 15, 2026 | Lauren StClair became a director |
| Mar 16, 2026 | The company announced the departure of Lara Sweet from the board in an SEC filing |
| Nov 10, 2025 | Ramon Jones became a director |
| Aug 18, 2025 | Kuanling Amy Yeh listed as Chief Technology Officer (previously Senior Vice President, Technology) in SEC filings |
| Jun 30, 2025 | The company announced the departure of Eugene Nonko as Chief Technology Officer and Co-Founder in an SEC filing |
| Mar 31, 2025 | Bradley William Hunt became a director |
| Feb 18, 2025 | Keith Cramer listed as Chief Revenue Officer (previously Senior Vice President, Supply Partnerships) in SEC filings |
| May 13, 2024 | Insignia Ql Holdings, LLC reported in an SEC filing no longer being a 10% owner |
| May 13, 2024 | Insignia Capital Partners, L.P. reported in an SEC filing no longer being a 10% owner |
| May 13, 2024 | Insignia Capital Partners Gp, L.l.c. reported in an SEC filing no longer being a 10% owner |
| May 13, 2024 | Insignia Capital Partners (aiv), L.p. reported in an SEC filing no longer being a 10% owner |
| May 13, 2024 | Insignia Capital Partners (Parallel A), L.P. reported in an SEC filing no longer being a 10% owner |
| May 13, 2024 | Insignia A Ql Holdings, LLC reported in an SEC filing no longer being a 10% owner |
| Jun 30, 2023 | White Mountains Insurance Group Ltd first listed as a director in an SEC filing |
| Jun 30, 2023 | WM Hinson (Bermuda) Ltd. became a 10% owner |
| Dec 22, 2022 | WM Birkdale, Ltd. became a 10% owner |
| Dec 6, 2021 | Patrick Ryan Thompson became Chief Financial Officer and Treasurer |
| Nov 2, 2021 | Cort Allan Carlson became VP, Corporate Controller and Interim Principal Financial and Accounting Officer |
| Oct 14, 2021 | Catherine Hull Cunningham became Chief People Officer |
| May 5, 2021 | Jeffrey B Coyne became General Counsel and Secretary |
| Feb 2, 2021 | Serge Topjian listed as Vice President, Media (previously Vice President, Media Buying) in SEC filings |
| Oct 28, 2020 | White Mountains Insurance Group Ltd became a 10% owner |
| Oct 28, 2020 | Venmal (Raji) Arasu became a director |
| Oct 28, 2020 | Tigran Sinanyan became Chief Financial Officer and Treasurer |
| Oct 28, 2020 | Steven Yi became a director |
| Oct 28, 2020 | Steven Yi became Chief Executive Officer, President and Co-Founder |
| Oct 28, 2020 | Serge Topjian became Vice President, Media Buying |
| Oct 28, 2020 | Robert Perine became Vice President, Product |
| Oct 28, 2020 | Lara Sweet became a director |
| Oct 28, 2020 | Lance Martinez became General Counsel and Secretary |
| Oct 28, 2020 | Kuanling Amy Yeh became Senior Vice President, Technology |
| Oct 28, 2020 | Keith Cramer became Senior Vice President, Supply Partnerships |
| Oct 28, 2020 | Kathy P Vrabeck became a director |
| Oct 28, 2020 | Jennifer L Moyer became a director |
| Oct 28, 2020 | Jeff Sweetser became Vice President, Supply Partnerships |
| Oct 28, 2020 | Insignia Ql Holdings, LLC became a 10% owner |
| Oct 28, 2020 | Insignia Capital Partners, L.P. became a 10% owner |
| Oct 28, 2020 | Insignia Capital Partners Gp, L.l.c. became a 10% owner |
| Oct 28, 2020 | Insignia Capital Partners (aiv), L.p. became a 10% owner |
| Oct 28, 2020 | Insignia Capital Partners (Parallel A), L.P. became a 10% owner |
| Oct 28, 2020 | Insignia A Ql Holdings, LLC became a 10% owner |
| Oct 28, 2020 | Eugene Nonko became a director |
| Oct 28, 2020 | Eugene Nonko became Chief Technology Officer and Co-Founder |
| Oct 28, 2020 | David L Lowe became a director |
| Oct 28, 2020 | Christopher John Delehanty became a director |
| Oct 28, 2020 | Brian Mikalis became Senior Vice President, Demand Partnerships |
| Oct 28, 2020 | Anthony Broglio became a director |
| Oct 28, 2020 | Ambrose Wang became Co-Founder |
Not reported recently (15)
- Anthony Broglio · Last reported as a director in an SEC filing dated May 16, 2024
- Christopher John Delehanty · Last reported as a director in an SEC filing dated May 16, 2024
- White Mountains Insurance Group Ltd · Last reported as a 10% owner in an SEC filing dated May 9, 2024
- WM Hinson (Bermuda) Ltd. · Last reported as a 10% owner in an SEC filing dated May 9, 2024
- Catherine Hull Cunningham · Last reported as Chief People Officer in an SEC filing dated Feb 17, 2023
- WM Birkdale, Ltd. · Last reported as a 10% owner in an SEC filing dated Dec 23, 2022
- David L Lowe · Last reported as a director in an SEC filing dated May 19, 2022
- Jennifer L Moyer · Last reported as a director in an SEC filing dated May 19, 2022
- Cort Allan Carlson · Last reported as VP, Corporate Controller and Interim Principal Financial and Accounting Officer in an SEC filing dated Nov 24, 2021
- Robert Perine · Last reported as Vice President, Product in an SEC filing dated Nov 3, 2021
- Serge Topjian · Last reported as Vice President, Media in an SEC filing dated Nov 3, 2021
- Jeff Sweetser · Last reported as Vice President, Supply Partnerships in an SEC filing dated Nov 3, 2021
- Brian Mikalis · Last reported as Senior Vice President, Demand Partnerships in an SEC filing dated Nov 3, 2021
- Ambrose Wang · Last reported as Co-Founder in an SEC filing dated Aug 3, 2021
- Lance Martinez · Last reported as General Counsel and Secretary in an SEC filing dated May 4, 2021
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.
MAX Proposed Insider Sales (Form 144)
Latest: 2026-10-30
? Form 144 Guide
Last 30d:
8 filings
· $6.8M notice value
· Last 90d:
9 filings
· $7.0M notice value
· 5 unique filers
· 78% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Thompson Patrick Ryan (1, $4.1M) · Nonko Eugene (3, $921K) · Yeh Kuanling Amy (2, $900K) · Cramer Keith (2, $559K) · Yi Steven (1, $482K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-30 | Thompson Patrick Ryan | Former Affiliate | 285,000 | $4.13M | 2026-10-30 | Charles Schwab & Co., Inc. | — | EDGAR |
| 2026-10-30 | Yeh Kuanling Amy | Officer | 50,000 | $723.6K | 2026-10-30 | Charles Schwab & Co., Inc. | — | EDGAR |
| 2026-10-26 | Nonko Eugene | Director | 31,335 | $370.6K | 2026-10-26 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-10-19 | Cramer Keith | Officer | 36,000 | $409.9K | 2026-10-19 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-10-19 | Nonko Eugene | Director | 27,639 | $314.8K | 2026-10-19 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-10-16 | Yeh Kuanling Amy | Officer | 15,000 | $176.6K | 2026-10-16 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-10-13 | Nonko Eugene | Director | 23,202 | $235.5K | 2026-10-12 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-10-08 | Yi Steven | Officer, Director | 48,000 | $481.9K | 2026-10-08 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-09-15 | Cramer Keith | Officer | 13,000 | $149.4K | 2026-09-15 | Charles Schwab & Co., Inc. | 10b5-1 | EDGAR |
| 2026-07-16 | Yeh Kuanling Amy | Officer | 28,000 | $406.0K | 2026-07-16 | Charles Schwab & Co., Inc. | 10b5-1 | 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
47 ETFs hold MAX
25 shown · $49.03M total exposure · 0.02% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.01% | $11.0M | $75.5B | 2026-10-30 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $8.4M | — | 2026-09-30 |
| 3 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.01% | $4.8M | — | 2026-10-29 |
| 4 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.03% | $4.2M | $14.0B | 2026-10-30 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $3.4M | — | 2026-09-30 |
| 6 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.03% | $2.1M | — | 2026-10-29 |
| 7 | FDM First Trust Dow Jones Select MicroCap Index Fund | First Trust | 0.75% | $2.0M | $268.1M | 2026-10-30 |
| 8 | PSC Principal U.S. Small-Cap ETF | Nport | 0.08% | $1.8M | — | 2026-06-30 |
| 9 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.01% | $1.7M | — | 2026-09-30 |
| 10 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.01% | $1.4M | — | 2026-05-31 |
| 11 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.11% | $1.4M | $1.2B | 2026-10-30 |
| 12 | SFLO VictoryShares Small Cap Free Cash Flow ETF | Nport | 0.20% | $1.2M | — | 2026-06-30 |
| 13 | VOX Vanguard Communication Services ETF | Vanguard | 0.02% | $1.1M | — | 2026-09-30 |
| 14 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $770,763 | — | 2026-10-29 |
| 15 | XITK State Street® SPDR® FactSet Innovative Technology ETF | SPDR (State Street) | 1.06% | $710,705 | $67.1M | 2026-10-29 |
| 16 | JPSV JPMorgan Active Small Cap Value ETF | JPMorgan | 1.97% | $567,138 | $28.8M | 2026-10-30 |
| 17 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.05% | $501,120 | $1.1B | 2026-10-29 |
| 18 | FCOM Fidelity MSCI Communication Services Index ETF | Fidelity | 0.03% | $437,465 | $1.5B | 2026-10-29 |
| 19 | PKW Invesco BuyBack Achievers ETF | Invesco | 0.02% | $330,953 | — | 2026-10-29 |
| 20 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.02% | $312,422 | — | 2026-09-30 |
| 21 | RSSL Global X Russell 2000 ETF | Global X | 0.01% | $222,710 | — | 2026-10-30 |
| 22 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $171,992 | — | 2026-05-31 |
| 23 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $128,315 | — | 2026-10-29 |
| 24 | SQLV Royce Quant Small-Cap Quality Value ETF | Franklin | 0.32% | $127,990 | $39.9M | 2026-10-29 |
| 25 | OMFS Invesco Russell 2000 Dynamic Multifactor ETF | Invesco | 0.04% | $121,688 | — | 2026-10-29 |
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
$1.64
TTM Revenue
$1.29B
TTM Net Income
$108.06M
TTM Op. Cash Flow
$55.19M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $375.95M | $25.75M | $0.46 | $21.60M |
| Q2 '26 | 2026-06-30 | $316.88M | $39.44M | $0.65 | $42.59M |
| Q1 '26 | 2026-03-31 | $310.00M | $11.47M | $0.21 | $-1.56M |
| Q4 '25 | 2025-12-31 | $291.15M | $31.41M | $0.50 | $-7.45M |
| Q3 '25 | 2025-09-30 | $306.51M | $14.91M | $0.26 | $23.62M |
| Q2 '25 | 2025-06-30 | $251.62M | $-18.74M | $-0.33 | $25.72M |
| Q1 '25 | 2025-03-31 | $264.31M | $-1.95M | $-0.04 | $23.70M |
| Q4 '24 | 2024-12-31 | $300.65M | $4.64M | $0.09 | $14.53M |
| Q3 '24 | 2024-09-30 | $259.13M | $9.48M | $0.17 | $8.06M |
| Q2 '24 | 2024-06-30 | $178.27M | $3.62M | $0.07 | $21.61M |
| Q1 '24 | 2024-03-31 | $126.65M | $-1.11M | $-0.02 | $1.68M |
| Q4 '23 | 2023-12-31 | $117.17M | $-2.37M | $-0.05 | $5.29M |
Q3 2026 • period ending 2026-09-30 • filed 2026-10-28
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
9.10
P/B
—
P/S
0.73
EV/EBITDA
11.95
EV/Sales
0.85
ROE
—
ROA
27.0%
Div Yield
0.00%
FCF Yield
6.43%
Debt/Equity
—
Current Ratio
—
Market Cap
$889.88M
as of 2026-10-30
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
3.22M
SI % of Float
10.62%
Days to Cover
2.78
Short Vol Ratio
34.6%
Free Float
30.32M
Float %
57.2%
Short interest 2026-10-15 • Short volume 2026-10-30 • Float 2026-08-14