NCLH Norwegian Cruise Line Holdings Ltd. Ordinary Shares

XNYS 15.59 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

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NCLH $15.59 —
Key stats
$15.59
Pre-market $15.38 -1.35%
52-Week Range
$13.63 – $25.12
YTD
-31.56%
IV Rank (30D)
100.0
Straddle Price
$2.29
P/C Vol Ratio
1.41
Market Cap
$7.2B
Open
$15.72
Day Range
$15.32 – $15.94
Volume
14,374,846
Prev Close
$15.65
Fair Value
MODEL: NEUTRAL

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.15%
Beta vs SPY1.50
Cost of Equity (CAPM)13.38% (VRP-adj)
WACC8.91%
Volatility Risk Premium+42.0pp (IV − HV30), ERP adj +50bps
Effective Tax Rate1.6%
Rev. Growth (YoY, DCF input)-10.0%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$-1.2B
Return on Equity (TTM)29.6%
Book / Price34.7% — banking bias active (P/B is primary)
Gross Margin (TTM)42.5%
FCF Margin (TTM)-11.7%
Debt / Equity5.40
Quality Score2/6 — normal (10y DCF)
SMA 50$15.67 (Market Anchor value)
SMA 20 / Bollinger Mid$15.06
Bollinger Width / SMA2074.5% (drives anchor stability)
Net Debt$13.7B
Market Cap$7B
Peers used for multiples: CCL, DAL, LUV, UAL (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
10%
20-Day Fair Value
≈ by Nov 20, 2026
$15.96
α +2.4% rank 54%
conviction
94%
40-Day Fair Value
≈ by Dec 21, 2026
$16.04
α +2.9% rank 54%
conviction
83%
60-Day Fair Value
≈ by Jan 19, 2027
$15.55
α -0.3% rank 54%
conviction
10%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E $21.81 20% median 13.5× · 4 peers
Peer EV/EBITDA $13.96 20% median 7.4× · 4 peers
Peer P/B $12.98 4% median 2.4× · 4 peers
Peer P/S $14.40 13% median 0.7× · 4 peers
Market Anchor (SMA50) $15.67 0% stability 0% (BB-width)
Options Expected (B-L 30d) $15.29 44% 24 strikes · skew +0.35
As of 2026-10-22 · updated
About
Industry (SIC)
WATER TRANSPORTATION (4400) · industry map
Exchange
XNYS
Market Cap
$7.2B
Employees
44,500
List Date
2013-01-18
CIK
0001513761
Next Earnings
2026-10-29 (Pre-Market)
EPS Forecast
$0.86 (5 est.)
Headquarters
Miami, FL
Homepage
https://www.nclhltdinvestor.com

Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 75,000). It operates 35 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet after the pandemic as of May 2022. With 16 passenger vessels on order among its brands through 2037, representing 43,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

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
'21'22'23'24'25'26Avg
Jan-4.55%-6.09%28.25%-2.84%9.37%-3.60%3.42%
Feb31.96%-9.81%-8.01%8.99%-17.86%4.86%1.69%
Mar-7.57%18.40%-11.16%8.50%-13.62%-15.69%-3.52%
Apr12.01%-8.20%0.00%-9.65%-15.90%-6.19%-4.66%
May2.28%-19.39%2.13%3.23%8.55%-2.50%-0.95%
Jun-10.23%-27.27%40.36%9.31%14.77%16.89%7.30%
Jul-18.57%7.24%0.73%4.24%21.83%-10.18%0.88%
Aug9.58%9.18%-14.63%3.11%1.39%-18.32%-1.62%
Sep6.16%-12.68%0.49%16.47%-0.36%-4.99%0.85%
Oct-9.15%48.16%-17.27%27.27%-7.32%6.49%*8.03%
Nov-27.93%-2.08%16.56%8.08%-16.77%---4.43%
Dec16.58%-26.35%22.05%-9.24%20.19%--4.65%
Total-13.43%-41.04%52.81%83.07%-7.22%-32.37%6.97%
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: $15.06
SMA 50: $15.67
SMA 200: $18.97
Current: $15.59
EMA 12: $15.28
EMA 26: $15.28
MACD: -0.0062 | Signal: 0.1270
BEARISH
ADX (14): 16.58
RANGE
+DI: 26.30
−DI: 16.42

Momentum Oscillators

RSI (14): 53.87
NEUTRAL
Stoch %K: 67.27
Stoch %D: 64.71
Williams %R: -35.26

Volume & Volatility

BB Upper: $15.91
BB Lower: $14.22
NEUTRAL
OBV: -366,338,502
Vol SMA 20: 20,739,317
Vol ROC: -44.15%
ATR: $0.64
True Range: $0.62
HV 20: 37.7%
HV 30: 34.3%
HV 60: 43.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: NCLH

Executive Summary

Overall assessment: BEARISH with confidence level (6/10)

Key drivers:

  • Technical indicators suggest a bearish trend, with a MACD signal indicating a continued downward momentum.
  • News sentiment is neutral to negative, with recent headlines focusing on earnings and volatility.

Primary risks:

  • High volatility, which may lead to increased market fluctuations.
  • Earnings miss or guidance concerns could exacerbate the decline.

Investment thesis: NCLH's stock price has been declining due to a combination of technical and fundamental factors. The company's high beta and volatility may continue to impact its share price.

Recent news sentiment impact: Neutral to negative headlines have contributed to the bearish trend, but the options market is pricing in a moderate move by expiration, indicating some potential for a reversal.

Technical Analysis

Trend Direction: Short-term (1-4 weeks) - Bearish, Medium-term (1-3 months) - Bearish, Long-term (3-12 months) - Neutral

Support/Resistance Levels:

  • SMA 20: $17.86
  • SMA 50: $19.07
  • SMA 200: $19.88
  • EMA 12: $16.98
  • EMA 26: $17.84

Momentum Signals:

  • RSI (14): 28.26 (oversold)
    • Potential buy signal, but momentum is still bearish.
  • MACD: -0.86 / Signal: -0.21 / Histogram: -0.65 (bearish)
    • Continued downward momentum.

Volume Analysis: Volume SMA 20: 13621185.17

News & Sentiment Analysis

Recent Headlines Summary: Neutral to negative headlines, focusing on earnings and volatility.

Sentiment Assessment: Negative sentiment prevails, with a majority of headlines displaying bearish sentiments.

Catalyst Identification: Earnings reports and product launches may provide catalysts for the stock price.

Risk & Volatility Assessment

Beta Interpretation: High risk, with a beta of 1.98 compared to SPY.

Volatility Regime: Current volatility is high, with a historical volatility of 51.1%.

Options Market Signals:

  • IV Rank: 12.3% (Low)
  • Current IV: 68.3%
  • Expected Move: $1.67 (31 DTE), 7-DTE: $0.89
  • Volume Flow: 211 calls vs 331 puts
  • Open Interest: 954 calls vs 792 puts
  • Put/Call Volume Ratio: 1.57 (Bearish sentiment)

Downside Protection: Support levels at SMA 20 and SMA 50.

Market Context & Positioning

Sector Performance: NCLH is underperforming the S&P 500 sector, indicating a high degree of risk.

Institutional Activity: Institutional investors are net sellers, which may continue to put pressure on the stock price.

Correlation Analysis: The stock has a correlation coefficient of 0.47 with the market, indicating a moderate relationship between the two.

Key Levels & Action Items

Critical Price Levels:

  • SMA 20: $17.86
  • SMA 50: $19.07

Breakout/Breakdown Levels:

  • Break above SMA 200 for a potential reversal.

Time-Sensitive Catalysts: Earnings reports and product launches may provide catalysts for the stock price.

Risk Management: Consider stop-loss levels at SMA 20 and SMA 50, with position sizing considerations based on risk tolerance.

Generated
News
All NCLH news →
Earnings History
10 of 23 under expected move
Avg Expected Move
7.71%
Avg Actual Move
7.56%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-02-25 Pre-Market 6.78% 8.03% 1.18x Exceeded
2021-05-06 Pre-Market 5.16% 6.83% 1.32x Exceeded
2021-08-06 Pre-Market 4.84% 2.94% 0.61x Within
2021-11-03 Pre-Market 5.89% 1.83% 0.31x Within
2022-02-08 Pre-Market 5.74% 3.64% 0.63x Within
2022-05-10 Pre-Market 9.09% 1.63% 0.18x Within
2022-08-09 Pre-Market 9.46% 10.57% 1.12x Exceeded
2022-10-06 Pre-Market 7.34% 0.53% 0.07x Within
2023-01-19 Pre-Market 3.28% 4.83% 1.47x Exceeded
2023-05-01 Pre-Market 8.39% 8.91% 1.06x Exceeded
2023-08-01 Pre-Market 8.34% 12.05% 1.44x Exceeded
2023-11-01 Pre-Market 8.16% 3.68% 0.45x Within
2024-02-27 Pre-Market 10.11% 19.84% 1.96x Exceeded
2024-05-01 Pre-Market 8.93% 15.01% 1.68x Exceeded
2024-07-31 Pre-Market 9.19% 0.70% 0.08x Within
2024-10-31 Pre-Market 7.53% 6.29% 0.84x Within
2025-02-27 Pre-Market 7.78% 5.31% 0.68x Within
2025-04-30 Pre-Market 7.22% 7.77% 1.08x Exceeded
2025-07-31 Pre-Market 8.53% 9.23% 1.08x Exceeded
2025-11-04 Pre-Market 8.88% 15.28% 1.72x Exceeded
2026-03-02 Pre-Market 9.96% 10.53% 1.06x Exceeded
2026-05-04 Pre-Market 9.46% 8.56% 0.90x Within
2026-07-30 Pre-Market 7.33% 9.78% 1.33x Exceeded

Earnings calendar: this week’s reports with expected vs actual moves →

NCLH Options Activity & IV Rank

NCLH IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 63.2%
7-DTE IV: 75.7%
Expected Move: $2.29
7-DTE Move: $1.54
Days to Exp: 30 (2026-11-20)

Options Flow

Call Volume: 2,993
Put Volume: 4,208
P/C Volume: 1.406
BEARISH
Call OI: 29,173
Put OI: 21,960
P/C OI: 0.753
Total OI: 51,133

ATM Options Pricing

ATM Call: $1.14
ATM Put: $1.16
Call %: 7.3%
Put %: 7.4%

Chain Summary

Chain Volume: 21,060
Chain OI: 574,013
Last Updated: 10/21/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 29th 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
29%
vs own history
GEX tilt
-0.07
OI-weighted, today
Vanna tilt
+0.15
δ-sensitivity to IV
Charm tilt
-0.38
δ-decay vs time
Charm tilt -0.38: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 76 ATM contracts, 198k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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 2%
-3.3 pts EXTREME
as of Oct 21 · ATM 68.8% / Wing 65.5%
30 DTE / 10d 1%
-4.6 pts EXTREME
as of Oct 21 · ATM 64.4% / Wing 59.8%

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)72.0MediumOct 21
IV Rank (30 DTE)100.0HighOct 21
Straddle Price (30 DTE)$2.29Oct 21
Beta Analysis

Risk Metrics

Beta: 1.9986
Alpha: -58.09%
Correlation: 0.4664
R-Squared: 21.8%
Stock Volatility: 54.4%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own NCLH
6 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Elliott Investment Management Activist
Paul Singer
$310.0M
2.17%
#9 of 17+11.4%13F
Baupost Group Hedge fund
Seth Klarman
$163.2M
3.01%
#12 of 23+112.9%13F
Citadel Hedge fund
Ken Griffin
$140.2M
0.08%
#294 of 6285+8.0%13F
Rockefeller Capital Management Family office
Rockefeller family
$10.9M
0.02%
#697 of 4729+6.7%13F
Millennium Management Hedge fund
Izzy Englander
$8.1M
0.01%
#1736 of 3716-59.6%13F
Oaktree Capital Asset manager
Howard Marks
$2.8M
0.05%
#108 of 130new13F

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

NCLH Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 475,886,807 (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.

670 filers525,587,476 shares$11.15B value110.44% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 52,846,173 $1.18B 10.58% 11.10% 2025-12-31
2 Vanguard Capital Management LLC 29,972,580 $632.72M 5.68% 6.30% 2026-06-30
3 BlackRock, Inc. Custodian 29,336,839 $619.30M 5.55% 6.16% 2026-06-30
4 UBS Group AG Custodian 23,331,373 $492.53M 4.42% 4.90% 2026-06-30
5 Goldman Sachs Group Inc Custodian 18,908,671 $399.16M 3.58% 3.97% 2026-06-30
6 Vanguard Portfolio Management LLC 18,666,538 $394.05M 3.53% 3.92% 2026-06-30
7 State Street Corp 17,008,796 $359.06M 3.22% 3.57% 2026-06-30
8 Barclays PLC Custodian 16,705,019 $352.64M 3.16% 3.51% 2026-06-30
9 ARIEL INVESTMENTS, LLC 15,430,947 $325.75M 2.92% 3.24% 2026-06-30
10 Ameriprise Financial, Inc. Custodian 15,011,544 $316.72M 2.84% 3.15% 2026-06-30
11 Elliott Investment Management L.P. 14,686,000 $310.02M 2.78% 3.09% 2026-06-30
12 Capital International Investors 14,038,301 $296.35M 2.66% 2.95% 2026-06-30
13 Invesco Ltd. Custodian 13,174,036 $278.10M 2.49% 2.77% 2026-06-30
14 Geode Capital Management, LLC Custodian 12,129,137 $255.58M 2.29% 2.55% 2026-06-30
15 MIZUHO MARKETS AMERICAS LLC 11,385,000 $240.34M 2.16% 2.39% 2026-06-30
16 Dimensional Fund Advisors LP Custodian 10,002,632 $211.22M 1.89% 2.10% 2026-06-30
17 Nearwater Capital Markets, Ltd 9,465,000 $199.81M 1.79% 1.99% 2026-06-30
18 T. Rowe Price Associates, Inc. 8,457,110 $178.53M 1.60% 1.78% 2026-06-30
19 Morgan Stanley Custodian 7,793,052 $164.51M 1.48% 1.64% 2026-06-30
20 BAUPOST GROUP LLC/MA 7,730,000 $163.18M 1.46% 1.62% 2026-06-30
21 Hound Partners, LLC 6,694,773 $141.33M 1.27% 1.41% 2026-06-30
22 Citadel Advisors LLC Custodian 6,642,302 $140.22M 1.26% 1.40% 2026-06-30
23 CAPITOLIS LIQUID GLOBAL MARKETS LLC 6,463,695 $136.45M 1.22% 1.36% 2026-06-30
24 Forest Avenue Capital Management LP 6,153,171 $129.89M 1.17% 1.29% 2026-06-30
25 Patient Capital Management, LLC 6,029,642 $127.29M 1.14% 1.27% 2026-06-30
39 filers$516.53M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $76.58M 14.83% 2026-06-30
2 Citadel Advisors LLC Custodian $69.79M 13.51% 2026-06-30
3 Jane Street Group, LLC Custodian $69.27M 13.41% 2026-06-30
4 IMC-Chicago, LLC Custodian $41.36M 8.01% 2026-06-30
5 Citigroup Inc. Custodian $27.01M 5.23% 2026-06-30
6 NOMURA HOLDINGS INC $24.28M 4.70% 2026-06-30
7 Greenhouse Funds LLLP $21.11M 4.09% 2026-06-30
8 Goldman Sachs Group Inc Custodian $19.12M 3.70% 2026-06-30
9 Caption Management, LLC $19.00M 3.68% 2026-06-30
10 Point72 Asset Management, L.P. $18.36M 3.55% 2026-06-30
11 Barclays PLC Custodian $17.47M 3.38% 2026-06-30
12 GROUP ONE TRADING LLC Custodian $12.16M 2.35% 2026-06-30
13 Wolverine Trading, LLC Custodian $11.66M 2.26% 2025-09-30
14 Simplex Trading, LLC Custodian $10.80M 2.09% 2026-06-30
15 CastleKnight Management LP $9.50M 1.84% 2026-06-30
16 Lombard Odier Asset Management (USA) Corp $8.44M 1.63% 2026-06-30
17 Capital Markets Trading UK LLP $8.43M 1.63% 2026-06-30
18 UBS Group AG Custodian $6.77M 1.31% 2026-06-30
19 Squarepoint Ops LLC $6.24M 1.21% 2026-06-30
20 Qube Research & Technologies Ltd $5.71M 1.11% 2026-06-30
21 Millennium Management LLC Custodian $5.69M 1.10% 2026-06-30
22 JPMorgan Chase & Co Custodian $4.93M 0.95% 2026-06-30
23 TUDOR INVESTMENT CORP ET AL $4.88M 0.94% 2026-06-30
24 Walleye Trading LLC $4.72M 0.91% 2026-06-30
25 Walleye Capital LLC $2.56M 0.50% 2026-06-30
41 filers$452.24M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $98.59M 21.80% 2026-06-30
2 Citadel Advisors LLC Custodian $55.31M 12.23% 2026-06-30
3 Jane Street Group, LLC Custodian $40.32M 8.92% 2026-06-30
4 Goldman Sachs Group Inc Custodian $28.48M 6.30% 2026-06-30
5 IMC-Chicago, LLC Custodian $26.93M 5.95% 2026-06-30
6 JPMorgan Chase & Co Custodian $19.88M 4.40% 2026-06-30
7 NOMURA HOLDINGS INC $16.89M 3.73% 2026-06-30
8 BNP Paribas Financial Markets Custodian $15.54M 3.44% 2026-06-30
9 Simplex Trading, LLC Custodian $14.38M 3.18% 2026-06-30
10 UBS Group AG Custodian $13.27M 2.93% 2026-06-30
11 Caption Management, LLC $12.24M 2.71% 2026-06-30
12 GROUP ONE TRADING LLC Custodian $11.42M 2.52% 2026-06-30
13 Wolverine Trading, LLC Custodian $10.84M 2.40% 2025-09-30
14 Point72 Asset Management, L.P. $8.93M 1.98% 2026-06-30
15 Citigroup Inc. Custodian $7.50M 1.66% 2026-06-30
16 Squarepoint Ops LLC $7.03M 1.55% 2026-06-30
17 Walleye Trading LLC $6.90M 1.53% 2026-06-30
18 Millennium Management LLC Custodian $5.73M 1.27% 2026-06-30
19 Barclays PLC Custodian $5.48M 1.21% 2026-06-30
20 PEAK6 LLC $5.28M 1.17% 2026-06-30
21 CREDIT AGRICOLE S A $5.28M 1.17% 2026-06-30
22 SIG BROKERAGE, LP $4.22M 0.93% 2026-06-30
23 CAPITAL FUND MANAGEMENT S.A. $3.82M 0.85% 2026-06-30
24 Capital Markets Trading UK LLP $3.13M 0.69% 2026-06-30
25 CIBC WORLD MARKETS CORP $2.79M 0.62% 2025-12-31

NCLH Insider Trading (Form 4)

Latest: 2026-06-03
Form 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
2026-06-03 Stephen G Pagliuca Director Buy (P) +1,380,000 $18.11 $24.99M EDGAR
2026-05-26 John Chidsey President and CEO Buy (P) +153,000 $16.37 $2.50M EDGAR
2026-05-21 Jonathan Z Cohen Director Buy (P) +30,000 $15.83 $474.9K EDGAR
2026-05-19 Jose E. Cil Director Buy (P) +15,000 $15.02 $225.3K EDGAR
2026-05-12 Brian P MacDonald Director Buy (P) +15,000 $16.54 $248.1K EDGAR
2026-05-11 Zillah Byng-Thorne Director Buy (P) +29,467 $17.69 $521.4K EDGAR
2026-05-11 Kevin Allen Lansberry Director Buy (P) +11,400 $17.28 $197.0K EDGAR
2026-04-14 Jonathan Z Cohen Director Award (A) +8,912 — EDGAR
2026-04-14 Kevin Allen Lansberry Director Award (A) +8,912 — EDGAR
2026-04-14 Stephen G Pagliuca Director Award (A) +8,912 — EDGAR
2026-04-14 Alex Cruz Director Award (A) +8,912 — EDGAR
2026-04-14 Brian P MacDonald Director Award (A) +8,912 — EDGAR
2026-03-27 John Chidsey President and CEO Award (A) +967,254 — EDGAR
2026-03-10 Mark Kempa EVP & CFO Award (A) +47,880 $20.05 $960.0K EDGAR
2026-03-10 Jason Montague Chief Luxury Officer Award (A) +54,862 $20.05 $1.10M 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.

NCLH Insider Holdings

23 insiders · @ $15.59
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 Stephen G Pagliuca Director 1,388,912 $21.65M $24.99M 2 2026-06-03
2 John Chidsey President and CEO 1,139,940 $17.77M $2.50M 12 2026-05-26
3 Harry Sommer Pres. & CEO of NCLH 720,728 $11.24M -$4.86M 25 2025-11-06
4 Mark Kempa EVP & CFO 480,514 $7.49M -$1.90M 26 2026-03-10
5 Daniel S Farkas EVP GC, CDO & Sec'y 424,037 $6.61M -$7.87M 39 2026-03-10
6 David Herrera Pres. NCL 265,953 $4.15M $0 3 2025-03-04
7 Patrik Dahlgren See Remarks 240,528 $3.75M $99.6K 7 2026-03-10
8 Faye L. Ashby SVP & Chief Accounting Officer 152,082 $2.37M -$1.92M 22 2026-03-10
9 Zillah Byng-Thorne Director 125,553 $1.96M $1.46M 9 2026-05-11
10 Stella David Director 116,643 $1.82M $129.9K 11 2026-01-06
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.

NCLH Board & Officers

As of SEC filings through Jun 3, 2026

Directors 12

Officers 7

Changes in the last 10 years (63)
Mar 31, 2026Stephen G Pagliuca became a director
Mar 31, 2026Kevin Allen Lansberry became a director
Mar 31, 2026Jonathan Z Cohen became a director
Mar 31, 2026Brian P MacDonald became a director
Mar 31, 2026Alex Cruz became a director
Mar 27, 2026John Chidsey first listed as President and CEO in an SEC filing
Mar 26, 2026The company announced the departure of Harry C Curtis from the board in an SEC filing
Feb 12, 2026The company announced the departure of Harry Sommer from the board in an SEC filing
Feb 12, 2026The company announced the departure of Harry Sommer from the board in an SEC filing
Feb 12, 2026The company announced the departure of Harry Sommer as Pres. & CEO of NCLH in an SEC filing
Jan 19, 2026Marc Kazlauskas became President, Norwegian Cruise Line
Nov 25, 2025Patrik Dahlgren listed as EVP, Chief Vessel Ops & NO (previously EVP, Vessel Operations) in SEC filings
May 7, 2025Linda P Jojo became a director
Feb 20, 2025Jason Montague first listed as Chief Luxury Officer in an SEC filing
Jan 2, 2025Harry Sommer first listed as a director in an SEC filing
Dec 31, 2024Frank A. Del Rio left as Pres. Oceania Cruises, per their own SEC filing
Dec 31, 2024Andrea DeMarco left as Pres. RSSC, per their own SEC filing
Aug 29, 2024Daniel S Farkas listed as EVP GC, CDO & Sec'y (previously EVP, GC, CDO & Asst. Sec'y) in SEC filings
Aug 9, 2024The company announced the departure of Russell W Galbut from the board in an SEC filing
Mar 5, 2024Harry Sommer listed as Pres. & CEO of NCLH (previously Pres. & CEO) in SEC filings
Not reported recently (12)
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.

NCLH Proposed Insider Sales (Form 144)

Latest: 2025-12-12
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
2025-12-12 Faye Ashby Officer 5,250 $110.2K 2025-12-12 UBS Financial Services Inc — EDGAR
2024-11-08 Faye Ashby Officer 38,344 $1.05M 2024-11-08 UBS Financial Services Inc — EDGAR
2024-11-06 Andrea Sieger Officer 29,000 $805.0K 2024-11-06 UBS Financial Services Inc — EDGAR
2024-11-06 Mark Kempa Officer 15,000 $417.9K 2024-11-06 UBS Financial Services Inc — EDGAR
2024-11-04 Daniel Farkas Officer 46,820 $1.16M 2024-11-04 UBS Financial Services Inc — EDGAR
2024-11-04 Harry J. Sommer Officer 100,000 $2.47M 2024-11-04 UBS Financial Services Inc — EDGAR
2024-10-10 Russell W. Galbut Former Chairman 125,275 $2.61M 2024-10-10 Goldman Sachs & Co. LLC — EDGAR
2024-09-23 Russell W. Galbut Former Chairman 200,000 $4.18M 2024-09-23 Goldman Sachs & Co. LLC — EDGAR
2024-08-27 Harry J. Sommer Officer 25,000 $452.2K 2024-08-27 UBS Financial Services Inc — EDGAR
2024-08-27 Daniel Farkas Officer 30,000 $542.7K 2024-08-27 UBS Financial Services Inc — 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: 2026-05-29
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-05-29 0001104659-26-068271 EDGAR
2026-05-04 0001171843-26-002957 EDGAR
2026-03-27 0001104659-26-035686 EDGAR
2026-03-27 0001104659-26-035746 EDGAR
2026-03-16 0001104659-26-027944 EDGAR
2026-03-02 0001171843-26-001220 EDGAR
2026-02-12 0001171843-26-000788 EDGAR
2025-11-04 0001171843-25-006936 EDGAR
2025-09-18 0001104659-25-091253 EDGAR
2025-09-11 0001410578-25-002024 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-03-02 0001104659-26-022067 EDGAR
2025-02-27 0001558370-25-001743 EDGAR
2024-02-28 0001558370-24-001935 EDGAR
2023-02-28 0001558370-23-002361 EDGAR
2022-03-01 0001558370-22-002516 EDGAR
2021-02-26 0001558370-21-001998 EDGAR
2020-02-27 0001558370-20-001661 EDGAR
2019-02-27 0001144204-19-010508 EDGAR
2018-02-27 0001144204-18-011097 EDGAR
2017-02-27 0001571049-17-001650 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-05-04 0001104659-26-054833 EDGAR
2025-11-04 0001104659-25-106057 EDGAR
2025-08-04 0001558370-25-010053 EDGAR
2025-05-05 0001558370-25-006294 EDGAR
2024-11-07 0001558370-24-014784 EDGAR
2024-08-08 0001558370-24-011514 EDGAR
2024-05-07 0001558370-24-007014 EDGAR
2023-11-08 0001558370-23-018153 EDGAR
2023-08-08 0001558370-23-013825 EDGAR
2023-05-05 0001558370-23-008225 EDGAR
ETF Holders
140 ETFs hold NCLH
25 shown · $1.47B total exposure · 0.02% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.01% $214.3M — 2026-09-30
2 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.21% $206.8M — 2026-10-20
3 VOO Vanguard S&P 500 ETF Vanguard 0.01% $176.7M — 2026-09-30
4 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.09% $151.4M — 2026-09-30
5 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.15% $98.6M — 2026-09-30
6 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.01% $95.3M $890.4B 2026-10-20
7 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.01% $89.3M $818.4B 2026-10-20
8 DFAT Dimensional US Targeted Value ETF Dimensional 0.28% $85.4M — 2026-10-20
9 CGGR Capital Group Growth ETF Capitalgroup 0.20% $53.3M $26.1B 2026-10-20
10 DFAS Dimensional US Small Cap ETF Dimensional 0.14% $47.5M — 2026-10-20
11 XLY State Street® Consumer Discretionary Select Sector SPDR® ETF SPDR (State Street) 0.19% $41.5M $22.0B 2026-10-20
12 AVLV Avantis U.S. Large Cap Value ETF Avantis 0.15% $33.4M $22.3B 2026-10-20
13 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.05% $30.0M $57.3B 2026-10-20
14 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.03% $23.6M — 2026-10-20
15 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.01% $19.7M $183.5B 2026-10-20
16 AVUV Avantis U.S. Small Cap Value ETF Avantis 0.06% $18.7M $31.4B 2026-10-20
17 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.02% $15.9M $84.5B 2026-10-20
18 IWS iShares Russell Mid-Cap Value ETF iShares (BlackRock) 0.07% $10.9M $15.6B 2026-10-20
19 VCR Vanguard Consumer Discretionary ETF Vanguard 0.17% $10.6M — 2026-09-30
20 JHMM John Hancock Multifactor Mid Cap ETF Nport 0.18% $10.3M — 2026-06-30
21 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.01% $9.5M $97.4B 2026-10-20
22 IVW iShares S&P 500 Growth ETF iShares (BlackRock) 0.01% $8.6M $77.9B 2026-10-20
23 NUSC Nuveen ESG Small-Cap ETF Nport 0.63% $8.1M — 2026-07-31
24 SPHB Invesco S&P 500 High Beta ETF Invesco 0.90% $7.5M — 2026-10-20
25 DCOR Dimensional US Core Equity 1 ETF Dimensional 0.02% $7.0M — 2026-10-20
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
$1.62
TTM Revenue
$10.15B
TTM Net Income
$760.77M
TTM Op. Cash Flow
$2.11B
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$2.64B$222.55M$0.48$602.59M
Q1 '262026-03-31$2.33B$104.67M$0.23$811.45M
Q4 '252025-12-31$2.24B$14.25M$0.05$459.11M
Q3 '252025-09-30$2.94B$419.30M$0.86$236.56M
Q2 '252025-06-30$2.52B$29.99M$0.07$714.85M
Q1 '252025-03-31$2.13B$-40.30M$-0.09$679.22M
Q4 '242024-12-31$2.11B$254.54M$0.52$399.26M
Q3 '242024-09-30$2.81B$474.93M$0.95$172.50M
Q2 '242024-06-30$2.37B$163.44M$0.35$670.89M
Q1 '242024-03-31$2.19B$17.35M$0.04$807.17M
Q4 '232023-12-31$1.99B$-106.48M$-0.23$259.00M
Q3 '232023-09-30$2.54B$345.87M$0.71$210.10M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-03
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
9.62
P/B
2.88
P/S
0.73
EV/EBITDA
7.66
EV/Sales
2.08
ROE
29.6%
ROA
3.2%
Div Yield
0.00%
FCF Yield
28.44%
Debt/Equity
5.40
Current Ratio
—
Market Cap
$7.42B
as of 2026-10-21
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
96.83M
SI % of Float
21.22%
Days to Cover
4.52
Short Vol Ratio
43.0%
Free Float
456.36M
Float %
99.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22