MUX McEwen Inc.
XNYS
16.33
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.
MUX
$16.33
—
What changed
Recent filings, trades and movesKey stats
$16.33
- 52-Week Range
- $13.58 – $29.70
- YTD
- -12.60%
- IV Rank (30D)
- 48.34
- Straddle Price
- $3.00
- P/C Vol Ratio
- 5.98
- Market Cap
- $0.9B
- Open
- $16.12
- Day Range
- $15.92 – $16.39
- Volume
- 485,585
- Prev Close
- $15.48
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.36 |
| Cost of Equity (CAPM) | 12.39% (VRP-adj) |
| WACC | 11.75% |
| Volatility Risk Premium | +25.5pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +17.2% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | 11.4% |
| Book / Price | 61.2% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 30.9% |
| FCF Margin (TTM) | 2.6% |
| Debt / Equity | 0.17 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $17.47 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $15.37 |
| Bollinger Width / SMA20 | 24.5% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $1B |
Peers used for multiples: CDE, EGO, NEM
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
33%
20-Day Fair Value
≈ by Dec 8, 2026
$16.31
α -0.3%
rank 26%
conviction
21%
40-Day Fair Value
≈ by Jan 6, 2027
$16.49
α +0.8%
rank 20%
conviction
30%
60-Day Fair Value
≈ by Feb 4, 2027
$16.55
α +1.2%
rank 11%
conviction
33%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $1.54 | 26% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | $2.04 | 8% | median 8.2× · 3 peers |
| Peer P/B | $24.44 | 8% | median 2.6× · 3 peers |
| Peer P/S | $17.14 | 8% | median 4.7× · 3 peers |
| Market Anchor (SMA50) | $17.47 | 36% | stability 70% (BB-width) |
| Options Expected (B-L 30d) | $14.24 | 14% | 11 strikes · skew -0.14 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- GOLD AND SILVER ORES (1040) · industry map
- Exchange
- XNYS
- Market Cap
- $0.9B
- Employees
- 1,425
- List Date
- 1980-05-07
- CIK
- 0000314203
- Next Earnings
- 2026-11-09 (Pre-Market)
- EPS Forecast
- $0.09
- Headquarters
- Toronto
- Homepage
- https://www.mcewenmining.com
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MS…
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 | 15.24% | -7.35% | 8.93% | -9.34% | -0.24% | 29.28% | 6.09% |
| Feb | -23.97% | -8.07% | -0.73% | -12.16% | -18.29% | 20.90% | -7.05% |
| Mar | -2.80% | 9.21% | 18.46% | 43.94% | 12.86% | -28.12% | 8.92% |
| Apr | 10.09% | -20.15% | -7.66% | 8.11% | 3.72% | 1.31% | -0.76% |
| May | 12.21% | -7.96% | -7.39% | 3.12% | 6.78% | 2.77% | 1.59% |
| Jun | -8.00% | -26.11% | -9.56% | -23.05% | 11.48% | -16.68% | -11.99% |
| Jul | -11.76% | -9.53% | 20.78% | 5.24% | -7.64% | -4.84% | -1.29% |
| Aug | -2.54% | -19.00% | 0.37% | 0.55% | 15.15% | 13.07% | 1.27% |
| Sep | -7.96% | 9.76% | -17.30% | 9.93% | 24.00% | -6.79% | 1.94% |
| Oct | 4.76% | -1.08% | 13.42% | 2.15% | 9.24% | -20.55% | 1.32% |
| Nov | -13.16% | 41.93% | 17.25% | -10.30% | 2.99% | 15.94%* | 9.11% |
| Dec | -8.61% | -1.35% | -6.12% | -6.71% | 0.22% | -- | -4.51% |
| Total | -36.31% | -43.73% | 24.00% | -2.22% | 68.90% | -9.96% | 0.11% |
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: $15.31
SMA 50: $17.39
SMA 200: $20.52
Current: $16.36
EMA 12: $15.23
EMA 26: $15.86
MACD: -0.6276 | Signal: 0.2215
BEARISH
ADX (14): 26.34
TREND
+DI: 24.10
−DI: 29.25
Momentum Oscillators
RSI (14): 53.42
NEUTRAL
Stoch %K: 70.55
Stoch %D: 50.87
Williams %R: -1.09
Volume & Volatility
BB Upper: $16.99
BB Lower: $13.63
NEUTRAL
OBV: 53,448,305
Vol SMA 20: 923,311
Vol ROC: -38.92%
ATR: $0.90
True Range: $0.91
HV 20: 69.7%
HV 30: 60.4%
HV 60: 58.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: BEARISH (Confidence level: 7/10)
Key drivers:
- Technical indicators suggest a bearish trend, with multiple resistance levels in place
- Volatility is high, which may lead to increased market risk
- Recent news headlines are generally positive, but do not significantly impact the stock's overall momentum
Primary risks:
- High volatility and beta (>2.22) increase the risk of significant price moves
- Technical indicators suggest a potential reversal or consolidation phase
Investment thesis:
MUX is experiencing a bearish trend due to its high volatility and negative technical signals. While recent news headlines are positive, they do not significantly impact the stock's overall momentum. The current trend direction suggests caution is warranted, as the stock may continue to decline or consolidate in the near term.
Recent news sentiment impact:
The positive news headlines have had a limited impact on the stock's price, as the technical indicators remain bearish. However, the cumulative effect of these headlines could contribute to increased investor interest and potential buying pressure in the medium term.
Technical Analysis
Trend direction: BEARISH (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)
Support/Resistance levels:
- SMA 20: $17.66 (support)
- SMA 50: $18.49 (resistance)
- SMA 200: $20.94 (resistance)
- Upper Bollinger Band: $19.38 (resistance)
Momentum signals:
- RSI interpretation: Neutral (56.91)
- MACD signal: Bearish
- Bollinger Bands position: Squeeze
Volume analysis:
- Volume SMA 20: 768523.15 (increasing)
- OBV: 61823430.79 (strong buying pressure)
- Volume Rate of Change: 33.72% (increasing)
News & Sentiment Analysis
Recent headlines summary:
MUX has received positive news headlines, including announcements about its inclusion in the Russell 2000 index and earnings results. These headlines have contributed to a generally positive sentiment.
Sentiment assessment:
Aggregate sentiment is POSITIVE due to recent news headlines and company performance.
Catalyst identification:
- Upcoming events: Earnings release (TBD), product launch (TBD)
- Regulatory changes: None imminent
Market narrative:
The current market narrative suggests that MUX's stock price is influenced by its high volatility, technical indicators, and recent news headlines. The positive news sentiment has contributed to increased investor interest, but the bearish trend direction remains a significant concern.
Risk & Volatility Assessment
Risk assessment:
- Beta: 2.22 (high risk)
- Historical volatility: 64.4% (very high)
Volatility regime:
- Current vs historical volatility levels: High
Options market signals:
- IV rank: 1.9% (low)
- Put/call ratios: 0.39 (bullish sentiment)
- Unusual activity: None notable
Downside protection:
- Support level: SMA 20 ($17.66)
Market Context & Positioning
Sector performance:
- Relative strength vs sector/market: Neutral
Institutional activity:
- Volume patterns suggesting institutional interest: Increasing buying pressure
Correlation analysis:
- How stock moves relative to market (R-squared interpretation): High correlation (0.42)
Relative valuation:
- Position within trading range: Near the lower end of a trading range
Key Levels & Action Items
Critical price levels:
- Support/resistance to monitor:
- SMA 20 ($17.66) - support
- SMA 50 ($18.49) - resistance
- SMA 200 ($20.94) - resistance
Breakout/breakdown levels:
- Technical levels that could trigger significant moves:
- Upper Bollinger Band ($19.38) - potential breakout level
- Lower Bollinger Band ($15.95) - potential breakdown level
Time-sensitive catalysts:
- Earnings date: TBD
- Product launch: TBD
Risk management:
- Stop-loss levels and position sizing considerations:
- Set stop-loss at SMA 20 ($17.66) to limit potential losses
- Consider reducing position size or adjusting risk parameters based on volatility and technical signals
Generated
News
All MUX news →
Earnings History
20 of 23 under expected move
Avg Expected Move
10.05%
Avg Actual Move
4.53%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-04 | After-Close | 18.95% | 0.00% | 0.00x | Within |
| 2021-03-12 | After-Close | 8.41% | 0.88% | 0.10x | Within |
| 2021-05-07 | After-Close | 6.08% | 3.85% | 0.63x | Within |
| 2021-08-05 | After-Close | 3.28% | 2.59% | 0.79x | Within |
| 2022-03-01 | After-Close | 10.38% | 0.36% | 0.03x | Within |
| 2022-05-11 | After-Close | 1.76% | 9.80% | 5.57x | Exceeded |
| 2022-08-11 | After-Close | 21.58% | 2.43% | 0.11x | Within |
| 2022-11-07 | After-Close | 11.47% | 11.47% | 1.00x | Within |
| 2023-03-14 | After-Close | 8.86% | 2.45% | 0.28x | Within |
| 2023-05-09 | After-Close | 9.44% | 1.57% | 0.17x | Within |
| 2023-08-11 | After-Close | 10.00% | 1.76% | 0.18x | Within |
| 2023-10-31 | After-Close | 12.70% | 5.48% | 0.43x | Within |
| 2024-03-01 | After-Close | 10.22% | 14.01% | 1.37x | Exceeded |
| 2024-08-09 | After-Close | 7.79% | 0.24% | 0.03x | Within |
| 2024-11-08 | Pre-Market | 9.71% | 3.88% | 0.40x | Within |
| 2025-02-06 | After-Close | 10.12% | 14.68% | 1.45x | Exceeded |
| 2025-03-24 | Pre-Market | 12.42% | 1.57% | 0.13x | Within |
| 2025-05-13 | After-Close | 5.55% | 2.50% | 0.45x | Within |
| 2025-08-08 | After-Close | 5.88% | 2.25% | 0.38x | Within |
| 2025-11-07 | After-Close | 12.30% | 6.41% | 0.52x | Within |
| 2026-03-12 | After-Close | 9.11% | 4.95% | 0.54x | Within |
| 2026-05-07 | After-Close | 8.13% | 3.64% | 0.45x | Within |
| 2026-08-05 | After-Close | 17.12% | 7.36% | 0.43x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
MUX Options Activity & IV Rank
MUX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 72.2%
7-DTE IV: 88.7%
Expected Move: $3.00
7-DTE Move: $1.98
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 906
Put Volume: 5,420
P/C Volume: 5.982
BEARISH
Call OI: 29,211
Put OI: 13,892
P/C OI: 0.476
Total OI: 43,103
ATM Options Pricing
ATM Call: $1.62
ATM Put: $1.38
Call %: 10.0%
Put %: 8.4%
Chain Summary
Chain Volume: 6,326
Chain OI: 43,103
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 36th 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
36%
vs own history
GEX tilt
+0.34
OI-weighted, today
Vanna tilt
+0.74
δ-sensitivity to IV
Charm tilt
-0.86
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 -0.86: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 26 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)38.2MediumNov 9
IV Rank (30 DTE)48.3MediumNov 9
Straddle Price (30 DTE)$3.00Nov 9
Beta Analysis
Risk Metrics
Beta: 2.4194
Alpha: -8.36%
Correlation: 0.5186
R-Squared: 26.9%
Stock Volatility: 64.3%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own MUX
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $3.3M | #2288 of 3716 | +67.5% | 13F | |
| Citadel Hedge fund Ken Griffin | $1.7M | #3107 of 6285 | -60.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $471K | #2621 of 3138 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
MUX Institutional Ownership (13F)
Filings for 2026-06-30 · 64 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 66,690,500 (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.
11 filers$27.66M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.53M | 27.24% | 2026-06-30 |
| 2 | PEAK6 LLC | $6.65M | 24.06% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $3.93M | 14.23% | 2026-09-30 |
| 4 | Tidal Investments LLC | $3.03M | 10.94% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $2.22M | 8.03% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $1.99M | 7.19% | 2026-06-30 |
| 7 | Point72 Asset Management, L.P. | $1.67M | 6.04% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $253.47K | 0.92% | 2026-09-30 |
| 9 | GROUP ONE TRADING LLC Custodian | $192.18K | 0.69% | 2026-06-30 |
| 10 | SG Americas Securities, LLC | $182.00K | 0.66% | 2026-06-30 |
| 11 | FNY Investment Advisers, LLC | $0 | 0.00% | 2026-09-30 |
7 filers$23.03M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $7.31M | 31.75% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $6.32M | 27.46% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $3.24M | 14.07% | 2026-09-30 |
| 4 | Jane Street Group, LLC Custodian | $2.38M | 10.33% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $1.91M | 8.30% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $1.40M | 6.08% | 2026-09-30 |
| 7 | Point72 Asset Management, L.P. | $462.31K | 2.01% | 2026-06-30 |
MUX Insider Trading (Form 4)
Latest: 2026-07-29Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-07-29 | Robert Ross McEwen | Chairman and CEO | Award (A) | +1,526,785 | — | EDGAR | |
| 2026-07-01 | Richard W. Brissenden | Director | Mixed Sell −3,275 · Exer +8,333 |
+5,058 | $10.21 | -$208 | EDGAR |
| 2026-06-09 | Stephen Douglas Kaszas | Director | Buy (P) | +1,000 | $18.36 | $18.4K | EDGAR |
| 2026-03-23 | John Casimir Florek | Director | Grant (A) | +479 RSU | — | EDGAR | |
| 2026-03-23 | Nicolas Darveau-Garneau | Director | Grant (A) | +479 RSU | — | EDGAR | |
| 2026-03-23 | Perry Ing | Chief Financial Officer | Grant (A) | +1,890 RSU | — | EDGAR | |
| 2026-03-23 | Dalia Nadine Asterbadi | Director | Grant (A) | +479 RSU | — | EDGAR | |
| 2026-03-23 | William M Shaver | Chief Operating Officer | Grant (A) | +4,919 RSU | — | EDGAR | |
| 2026-03-23 | Michelle Makori | Director | Grant (A) | +239 RSU | — | EDGAR | |
| 2026-03-23 | Carmen L Diges | General Counsel/Corp Sec | Grant (A) | +1,140 RSU | — | EDGAR | |
| 2025-12-23 | Stephan Michael Spears | VP Corporate Development | Exer (M) | −1,700 RSU | — | EDGAR | |
| 2025-12-23 | Jeffrey Chan | VP - Finance | Exer (M) | +863 | — | EDGAR | |
| 2025-12-23 | Ian J Ball | Director | Exer (M) | +160 | — | EDGAR | |
| 2025-12-23 | Carmen L Diges | General Counsel/Corp Sec | Exer (M) | −6,673 RSU | — | EDGAR | |
| 2025-12-23 | Perry Ing | Chief Financial Officer | Exer (M) | +4,525 | — | 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.
MUX Insider Holdings
11 insiders · @ $16.36
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 | 2190303 Ontario Inc. | 10%+ Owner | 16,420,135 | $268.63M | $1.28M | 15 | 2025-05-08 |
| 2 | Robert Ross McEwen | Chairman and CEO | 1,562,065 | $25.55M | -$602.7K | 21 | 2026-07-29 |
| 3 | William M Shaver | Chief Operating Officer | 140,533 | $2.30M | $0 | 9 | 2026-03-23 |
| 4 | Perry Ing | Chief Financial Officer | 46,594 | $762.3K | -$227.7K | 12 | 2026-03-23 |
| 5 | Carmen L Diges | General Counsel/Corp Sec | 32,044 | $524.2K | -$763.6K | 17 | 2026-03-23 |
| 6 | Richard W. Brissenden | Director | 21,297 | $348.4K | -$533.1K | 19 | 2026-07-01 |
| 7 | Stephan Michael Spears | VP Corporate Development | 4,604 | $75.3K | -$205.3K | 11 | 2025-12-23 |
| 8 | Jeffrey Chan | VP - Finance | 3,966 | $64.9K | -$208.0K | 8 | 2025-12-23 |
| 9 | Nicolas Darveau-Garneau | Director | 2,285 | $37.4K | $19.1K | 3 | 2026-03-23 |
| 10 | Stephen Douglas Kaszas | Director | 1,621 | $26.5K | $18.4K | 4 | 2026-06-09 |
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.
MUX Board & Officers
As of SEC filings through Jul 29, 2026Directors 11
- Robert Ross McEwen · on file since 2006
- Richard W. Brissenden · since Jan 24, 2012
- William M Shaver · since Sep 28, 2021
- Ian J Ball · listed since Jul 2022
- Michelle Makori · since Aug 9, 2023
- Nicolas Darveau-Garneau · since Nov 17, 2023
- Alfred Aguilar Colas · since Jun 19, 2025
- Dalia Nadine Asterbadi · since Jun 19, 2025
- John Casimir Florek · since Jun 19, 2025
- Michael Nelson Melanson · since Jun 19, 2025
- Stephen Douglas Kaszas · since Jun 19, 2025
Officers 6
- Robert Ross McEwen · Chairman and CEO · listed since Dec 2014
- Perry Ing · Chief Financial Officer · listed since Jun 2022
- William M Shaver · Chief Operating Officer · listed since Feb 2024
- Carmen L Diges · General Counsel/Corp Sec · listed since Oct 2020
- Stephan Michael Spears · VP Corporate Development · listed since Oct 2020
- Jeffrey Chan · VP - Finance · since Feb 14, 2024
10% owners 2
- 2190303 Ontario Inc. (entity) · since Nov 18, 2008
- Robert Ross McEwen · on file since 2006
Changes in the last 10 years (29)
| Jun 19, 2025 | Stephen Douglas Kaszas became a director |
| Jun 19, 2025 | Michael Nelson Melanson became a director |
| Jun 19, 2025 | John Casimir Florek became a director |
| Jun 19, 2025 | Dalia Nadine Asterbadi became a director |
| Jun 19, 2025 | Alfred Aguilar Colas became a director |
| Feb 14, 2024 | William M Shaver first listed as Chief Operating Officer in an SEC filing |
| Feb 14, 2024 | Jeffrey Chan became VP - Finance |
| Nov 17, 2023 | Nicolas Darveau-Garneau became a director |
| Aug 9, 2023 | Michelle Makori became a director |
| Jul 18, 2022 | Ian J Ball no longer listed as Senior Vice President in SEC filings |
| Jul 18, 2022 | Ian J Ball first listed as a director in an SEC filing |
| Jun 24, 2022 | Perry Ing listed as Chief Financial Officer (previously Vice President, CFO) in SEC filings |
| May 6, 2022 | The company announced the departure of G. Peter Mah as Chief Operating Officer in an SEC filing |
| Apr 6, 2022 | The company announced the departure of Anna Man-Yue Ladd-Kruger as Chief Financial Officer in an SEC filing |
| Feb 25, 2022 | Merri Sanchez became a director |
| Sep 28, 2021 | William M Shaver became a director |
| Apr 8, 2021 | Stephen McGibbon became EVP of Exploration |
| Oct 1, 2020 | Stephan Michael Spears listed as VP Corporate Development (previously VP of Corp. Development) in SEC filings |
| Oct 1, 2020 | Michael Leon Stein no longer listed as Chief Operating Officer in SEC filings |
| Oct 1, 2020 | Michael Leon Stein first listed as Chief Operating Officer in an SEC filing |
| Oct 1, 2020 | Carmen L Diges listed as General Counsel/Corp Sec (previously General Counsel/Corp. Secy.) in SEC filings |
| Sep 29, 2020 | Anna Man-Yue Ladd-Kruger became Chief Financial Officer |
| Apr 2, 2020 | G. Peter Mah became Chief Operating Officer |
| Jul 2, 2019 | Merushe Verli became Chief Financial Officer |
| Jun 10, 2019 | Stephan Michael Spears listed as VP of Corp. Development (previously Vice President - Projects) in SEC filings |
| Aug 13, 2018 | Chris Stewart became President and COO |
| Apr 10, 2018 | Carmen L Diges listed as General Counsel/Corp. Secy. (previously General Counsel/Corp Secretary) in SEC filings |
| May 25, 2017 | Robin E. Dunbar became a director |
| Apr 17, 2017 | Sylvain Guerard became SVP, Exploration |
Not reported recently (18)
- Allen V Ambrose · Last reported as a director in an SEC filing dated Jun 27, 2024
- Robin E. Dunbar · Last reported as a director in an SEC filing dated Jun 27, 2024
- Merri Sanchez · Last reported as a director in an SEC filing dated Jun 27, 2024
- Stephen McGibbon · Last reported as EVP of Exploration in an SEC filing dated Aug 11, 2021
- Michael Leon Stein · Last reported as a director in an SEC filing dated Nov 20, 2020
- Michele L Ashby · Last reported as a director in an SEC filing dated Oct 1, 2020
- Leanne M Baker · Last reported as a director in an SEC filing dated Oct 1, 2020
- Donald R. M. Quick · Last reported as a director in an SEC filing dated Oct 1, 2020
- Simon Tyler Quick · Last reported as Vice President - Projects in an SEC filing dated Oct 1, 2020
- Gregory P Fauquier · Last reported as a director in an SEC filing dated Oct 1, 2020
- Andrew Iaboni · Last reported as Vice President, Finance in an SEC filing dated Oct 1, 2020
- Merushe Verli · Last reported as Chief Financial Officer in an SEC filing dated Jul 3, 2019
- Donald Brown · Last reported as Sr. Vice President, Projects in an SEC filing dated Jun 13, 2019
- Sylvain Guerard · Last reported as SVP, Exploration in an SEC filing dated Jun 13, 2019
- Chris Stewart · Last reported as President and COO in an SEC filing dated Jun 13, 2019
- Andrew Louis Elinesky · Last reported as Sr. VP & CFO in an SEC filing dated Dec 29, 2017
- Nathan Stubina · Last reported as Managing Director in an SEC filing dated Dec 29, 2017
- Xavier Ochoa · Last reported as Chief Operating Officer in an SEC filing dated Dec 28, 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.
Recent SEC Filings
Latest: 2026-10-13
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-10-13 | Regulation FD disclosure | EDGAR |
| 2026-09-01 | Regulation FD disclosure | EDGAR |
| 2026-08-26 | Director or officer change · Regulation FD disclosure | EDGAR |
| 2026-08-07 | Earnings results | EDGAR |
| 2026-06-30 | Regulation FD disclosure | EDGAR |
| 2026-06-10 | Shareholder vote results | EDGAR |
| 2026-06-02 | Regulation FD disclosure | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-05 | 0001104659-26-091284 | EDGAR |
ETF Holders
66 ETFs hold MUX
25 shown · $189.79M total exposure · 0.03% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | XME State Street® SPDR® S&P® Metals & Mining ETF | SPDR (State Street) | 0.87% | $29.0M | $3.4B | 2026-11-05 |
| 2 | SIL Global X Silver Miners ETF | Global X | 0.55% | $22.0M | — | 2026-11-06 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.03% | $21.3M | $76.6B | 2026-11-06 |
| 4 | SILJ Amplify Junior Silver Miners ETF | Amplify | 0.66% | $21.2M | $3.2B | 2026-11-06 |
| 5 | GDXJ VanEck Junior Gold Miners ETF | VanEck | 0.20% | $15.6M | $7.9B | 2026-11-05 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $10.6M | — | 2026-09-30 |
| 7 | RING iShares MSCI Global Gold Miners ETF | iShares (BlackRock) | 0.34% | $7.8M | $2.3B | 2026-11-06 |
| 8 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.03% | $7.6M | — | 2026-11-05 |
| 9 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.02% | $6.9M | — | 2026-11-05 |
| 10 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.02% | $6.0M | — | 2026-11-05 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.03% | $5.4M | — | 2026-09-30 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $4.8M | — | 2026-08-31 |
| 13 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.03% | $3.9M | $13.7B | 2026-11-06 |
| 14 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.03% | $3.8M | $13.9B | 2026-11-06 |
| 15 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $3.7M | — | 2026-11-05 |
| 16 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.00% | $3.6M | $187.1B | 2026-11-06 |
| 17 | VAW Vanguard Materials ETF | Vanguard | 0.06% | $2.8M | — | 2026-09-30 |
| 18 | SLJY Amplify SILJ Junior Silver Miners Covered Call ETF | Amplify | 3.44% | $2.5M | $72.5M | 2026-11-06 |
| 19 | AVUV Avantis U.S. Small Cap Value ETF | Avantis | 0.01% | $2.3M | $31.6B | 2026-11-05 |
| 20 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.03% | $2.1M | — | 2026-11-05 |
| 21 | SCZ iShares MSCI EAFE Small-Cap ETF | iShares (BlackRock) | 0.02% | $1.9M | $12.6B | 2026-11-06 |
| 22 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.06% | $1.4M | — | 2026-06-30 |
| 23 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.04% | $1.2M | $3.2B | 2026-11-05 |
| 24 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.2M | $93.2B | 2026-11-06 |
| 25 | PSP Invesco Global Listed Private Equity ETF | Invesco | 0.54% | $1.2M | — | 2026-11-05 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
12.93
TTM Diluted EPS
$1.26
TTM Revenue
$248.44M
TTM Net Income
$80.65M
TTM Op. Cash Flow
$66.64M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $59.23M | $9.61M | $0.14 | $46.22M |
| Q1 '26 | 2026-03-31 | $74.05M | $33.38M | $0.47 | $12.10M |
| Q4 '25 | 2025-12-31 | $64.62M | $38.13M | $0.66 | $3.10M |
| Q3 '25 | 2025-09-30 | $50.53M | $-462.00K | $-0.01 | $5.21M |
| Q2 '25 | 2025-06-30 | $46.70M | $3.04M | $0.06 | $478.00K |
| Q1 '25 | 2025-03-31 | $35.70M | $-6.27M | $-0.12 | $-1.93M |
| Q4 '24 | 2024-12-31 | $33.52M | $-8.23M | $-0.16 | $-1.21M |
| Q3 '24 | 2024-09-30 | $52.25M | $-2.08M | $-0.04 | $23.18M |
| Q2 '24 | 2024-06-30 | $47.48M | $-12.99M | $-0.26 | $3.61M |
| Q1 '24 | 2024-03-31 | $41.23M | $-20.38M | $-0.41 | $3.88M |
| Q4 '23 | 2023-12-31 | $58.68M | $138.45M | $2.91 | $16.11M |
| Q3 '23 | 2023-09-30 | $38.40M | $-18.45M | $-0.39 | $-2.28M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
12.93
P/B
1.54
P/S
4.37
EV/EBITDA
52.72
EV/Sales
4.54
ROE
11.4%
ROA
8.1%
Div Yield
0.00%
FCF Yield
6.13%
Debt/Equity
0.17
Current Ratio
—
Market Cap
$1.09B
as of 2026-11-09
MUX vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| WPM Wheaton Precious Metals Corp. Common Sto | $61.9B | — | — | +22.7% | 32 |
| FNV Franco-Nevada Corporation | $49.2B | — | — | +27.0% | 58 |
| PAAS Pan American Silver Corp. | $17.0B | — | — | −16.3% | 22 |
| CDE Coeur Mining, Inc. | $15.8B | 18.4 | +111.7% | −4.8% | 15 |
| HL Hecla Mining Company | $9.9B | 27.9 | +60.4% | −17.1% | 10 |
| AG FIRST MAJESTIC SILVER CORP | $7.5B | — | — | −0.2% | 13 |
| SKE Skeena Resources Limited | $3.9B | — | — | +38.5% | 56 |
| EXK Endeavour Silver Corp. | $2.3B | — | — | −6.8% | 43 |
| MUX McEwen Inc. | $950M | 13.0 | +47.7% | −12.4% | 48 |
| Peer median | $12.9B | 23.1 | +86.0% | −2.5% | 27 |
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
9.69M
SI % of Float
18.48%
Days to Cover
11.86
Short Vol Ratio
50.6%
Free Float
52.43M
Float %
85.5%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-08-24