Portfolio occupancy hit 99.9% as management raised investment guidance.
NTST NetSTREIT Corp.
XNYS
17.02
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.
NTST
$17.02
—
Key stats
$17.02
After hours
$17.02
+0.00%
- 52-Week Range
- $16.18 – $22.47
- YTD
- -4.22%
- IV Rank (30D)
- 62.76
- Straddle Price
- $1.92
- P/C Vol Ratio
- 0.61
- Market Cap
- $1.7B
- Open
- $16.23
- Day Range
- $16.18 – $17.14
- Volume
- 2,398,679
- Prev Close
- $16.47
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.70 |
| Cost of Equity (CAPM) | 8.64% (VRP-adj) |
| WACC | 7.70% |
| Volatility Risk Premium | +79.7pp (IV − HV30) |
| Effective Tax Rate | 0.8% |
| Rev. Growth (YoY, DCF input) | +29.7% |
| DCF Horizon | 12 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) | 0.9% |
| Book / Price | 103.2% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 89.8% |
| FCF Margin (TTM) | 48.6% |
| Debt / Equity | 0.89 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +8.2% (reverse-DCF on current price) |
| SMA 50 | $18.93 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $17.47 |
| Bollinger Width / SMA20 | 59.7% (drives anchor stability) |
| Net Debt | $1.4B |
| Market Cap | $2B |
Peers used for multiples: ADC, NNN, O, PLD, VICI, WELL, WPC
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$39.62
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $111.98 | 21% | |
| DDM (Gordon) | $25.36 | 17% | |
| Peer P/E | $4.44 | 5% | median 28.8× · 7 peers |
| Peer EV/EBITDA | $16.84 | 6% | median 16.6× · 7 peers |
| Peer P/B | $28.72 | 8% | median 1.7× · 7 peers |
| Peer P/S | $23.52 | 8% | median 9.6× · 7 peers |
| Market Anchor (SMA50) | $18.93 | 35% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | $16.60 | 0% | 8 strikes · skew +0.14 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
- Exchange
- XNYS
- Market Cap
- $1.7B
- Employees
- 29
- List Date
- 2020-08-13
- CIK
- 0001798100
- Headquarters
- Dallas, TX
- Homepage
- https://www.netstreit.com
Netstreit Corp is an internally managed real estate investment trust. The company acquires, owns, and manages single-tenant, retail commercial real estate subject to long-term net leases with high-credit quality tenants across the United States. It focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenience stores, discount stores, and quick-service restaurants. Ma…
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 | -8.11% | -0.79% | 8.40% | -0.66% | 3.87% | 6.02% | 1.46% |
| Feb | 1.33% | -0.27% | -0.49% | -9.62% | 2.96% | 11.79% | 0.95% |
| Mar | 2.84% | 2.37% | -9.05% | 7.62% | 5.67% | -10.08% | -0.11% |
| Apr | 13.21% | -4.88% | 0.55% | -7.67% | 3.04% | 8.72% | 2.16% |
| May | 5.23% | -0.05% | -2.46% | 2.06% | -0.31% | 0.55% | 0.84% |
| Jun | 1.14% | -9.50% | 2.58% | -6.18% | 5.94% | 6.93% | 0.15% |
| Jul | 9.36% | 7.89% | -0.22% | 1.79% | 6.92% | 1.47% | 4.53% |
| Aug | 0.78% | -1.50% | -4.57% | 2.83% | -0.11% | -4.82% | -1.23% |
| Sep | -8.55% | -10.50% | -8.51% | -1.49% | 1.40% | -13.50% | -6.86% |
| Oct | 0.50% | 4.38% | -6.62% | -5.66% | 1.86% | -2.13%* | -1.28% |
| Nov | -13.74% | 2.90% | 7.03% | 6.09% | -1.98% | -- | 0.06% |
| Dec | 10.52% | -5.47% | 11.01% | -10.78% | -1.51% | -- | 0.75% |
| Total | 11.42% | -15.84% | -4.60% | -21.35% | 30.97% | 1.86% | 0.41% |
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: $17.40
SMA 50: $18.86
SMA 200: $19.83
Current: $16.98
EMA 12: $17.17
EMA 26: $17.72
MACD: -0.5558 | Signal: 0.0271
BEARISH
ADX (14): 47.16
STRONG TREND
+DI: 10.00
−DI: 32.53
Momentum Oscillators
RSI (14): 37.47
NEUTRAL
Stoch %K: 30.00
Stoch %D: 23.35
Williams %R: -50.59
Volume & Volatility
BB Upper: $18.21
BB Lower: $16.59
NEUTRAL
OBV: 55,981,788
Vol SMA 20: 1,816,327
Vol ROC: 21.63%
ATR: $0.47
True Range: $0.96
HV 20: 24.7%
HV 30: 25.7%
HV 60: 22.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
NTST (NetSTREIT Corp.) - Comprehensive Stock Analysis
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
NetSTREIT is in a confirmed downtrend with technical deterioration despite positive sentiment in recent news headlines. The stock is trading 16.1% below its 200-day moving average ($19.83 vs current $16.62), supported by an extremely strong ADX reading (46.50) indicating a powerful directional trend—currently DOWN. The oversold RSI (27.68) suggests capitulation selling, but the negative MACD histogram (-0.59) and bearish -DI/+DI ratio (32.35 vs 12.04) confirm sustained downward momentum rather than a reversal setup.
Key Drivers: Sustained selling pressure despite positive REIT sentiment in market; negative beta (-0.16) providing some market hedge but insufficient to offset fundamental pressure. Primary Risks: Technical breakdown through lower Bollinger Band support ($16.60), continued institutional outflows evidenced by -39.85% volume decline, and the persistent bearish MACD configuration.
Investment Thesis: While NetSTREIT's dividend-focused REIT profile and positive news coverage suggest defensive appeal, the technical price action tells a different story—this is a stock under distribution despite positive fundamentals, suggesting informed sellers are ahead of broader market recognition of deteriorating conditions.
Technical Analysis
Trend Direction
| Timeframe | Trend | Confidence | |-----------|-------|------------| | Short-term (1-4 weeks) | BEARISH | Strong | | Medium-term (1-3 months) | BEARISH | Strong | | Long-term (3-12 months) | BEARISH | Moderate |
Analysis: Price is decisively below all major moving averages (SMA 20: $17.48, SMA 50: $18.93, SMA 200: $19.83), with the gap widening at each interval. The EMA 12 ($17.22) and EMA 26 ($17.79) show price below both, confirming intermediate-term downtrend. The stock has fallen approximately 3.3% from the 20-day MA and 16.1% from the 200-day MA, indicating a sustained selloff rather than a temporary pullback.
Support/Resistance Levels
RESISTANCE (in order of proximity):
- $17.48 — 20-day SMA (immediate resistance; breach needed to confirm early reversal)
- $18.93 — 50-day SMA (significant resistance; would suggest trend stabilization if recaptured)
- $19.83 — 200-day SMA (major technical level; recapture would signal trend reversal)
SUPPORT (in order of proximity):
- $16.60 — Lower Bollinger Band (current critical support; break signals deeper weakness)
- $16.00-$16.20 — Psychological support level and potential institutional floor
- $15.50 — Estimated next technical support (approximately 7% below current price)
Critical Observation: The stock is currently trading just ABOVE the lower Bollinger Band ($16.60), indicating we are at a critical pivot point. A close below $16.60 would signal technical breakdown and likely accelerate selling.
Momentum Signals
RSI (14): 27.68 — OVERSOLD CONDITION
- Classic oversold reading (below 30 threshold) suggests capitulation-level selling
- HOWEVER: Oversold RSI does NOT predict reversal; it indicates exhaustion IF accompanied by accumulation signals
- Negative: No bullish divergence evident (price making lower lows while RSI potentially floors)
- Interpretation: Sell-side dominance has intensified, but bounce potential exists if buyers step in
MACD Analysis: BEARISH CONFIGURATION
- MACD line: -0.57 (deeply negative)
- Signal line: +0.02 (barely positive)
- Histogram: -0.59 (expanding bearish histogram = accelerating downward momentum)
- Signal: The MACD line is BELOW the signal line, confirming bearish momentum
- Critically, the histogram is EXPANDING (becoming more negative), indicating momentum is STRENGTHENING to the downside, not weakening
- No bullish crossover in sight — signal line would need to cross below MACD for potential reversal signal
Stochastic Oscillators: SEVERE OVERSOLD
- Stochastic %K: 18.38
- Stochastic %D: 19.26
- Both readings deep in oversold territory (<20)
- These indicators will likely produce a dead-cat bounce, but sustained reversal requires higher lows
Williams %R: -94.75 — EXTREME READING
- Indicates the stock is trading near its 14-period lows
- Suggests maximum downward momentum in this timeframe
- Extreme readings are mean-reversion candidates but require catalyst confirmation
Bollinger Bands Position
Current Configuration: Price $16.62 is positioned just ABOVE the lower band ($16.60)
- Width: 10.05% — Relatively moderate band width suggests volatility is not at extreme compression (no imminent breakout squeeze)
- Signal: NEUTRAL — Despite the label, position near lower band combined with bearish momentum = risk of breakdown
- Risk Scenario: A close below $16.60 (lower band) would trigger mean-reversion selling and likely accelerate downside
- Bounce Scenario: If buyers defend $16.60, expect potential bounce toward middle band ($17.48) and upper band ($18.36), but this would be a technical oversold bounce, not a reversal
Volume Analysis
Volume Trends: SIGNIFICANT DETERIORATION
- Volume SMA 20: 1,761,433 shares
- Volume Rate of Change: -39.85% — CRITICAL BEARISH SIGNAL
- Interpretation: Trading volume has collapsed 40% below its 20-day average, indicating:
- Liquidity evaporation at current price levels
- Retail interest has disappeared
- Institutional holders likely liquidating (low volume on down days often precedes capitulation selling)
- Thin trading conditions increase volatility risk on any news catalyst
On-Balance Volume (OBV): 56,533,041.37
- OBV remains elevated in absolute terms but is declining in momentum alongside price
- Suggests selling volume has been accumulating (negative OBV momentum)
Institutional Interest: The -39.85% volume collapse is a RED FLAG suggesting:
- Institutional rebalancing or de-risking
- Dividend-focused funds rotating to higher-yielding alternatives
- Weak retail demand (typically strength in down markets comes from institutional accumulation; absent here)
News & Sentiment Analysis
Recent Headlines Summary
Sentiment Distribution: 4 POSITIVE / 2 NEUTRAL / 0 NEGATIVE
The news landscape is overwhelmingly constructive:
-
"4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive" (Investing.com, Nov 14, 2025) — POSITIVE, RECENT
- Positions NetSTREIT as defensive dividend play
- Suggests institutional recognition of sector appeal during market uncertainty
- Date proximity to current analysis suggests this is among latest commentary
-
"NetSTREIT Posts 22% Revenue Gain in Q2" (The Motley Fool, Jul 24, 2025) — POSITIVE, EARNINGS-DRIVEN
- Strong revenue growth (22% YoY) indicates operational momentum
- This is the most concrete fundamental positive indicator
- Occurred 4 months ago; no subsequent negative earnings revisions apparent in news
-
"Top 3 Real Estate Stocks You'll Regret Missing" (Benzinga, Sep 25, 2025) — POSITIVE, SECTOR LEADERSHIP
- NetSTREIT explicitly called out as sector winner
- Suggests analyst perception of relative strength
- Note: Sep 25 date is 7 weeks before current analysis; timing suggests this didn't spark sustained buying
-
"3 Of My Favorite Net Lease REITs Plus A Bonus Pick" (Seeking Alpha, Jun 22, 2024) — NEUTRAL
- One year old; stale recommendation
- Suggests NetSTREIT was already under discussion as quality dividend holding
-
"These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts" (Benzinga, Jun 3, 2024) — NEUTRAL
- Analyst coverage exists
Generated
News
All NTST news →
Earnings History
15 of 15 under expected move
Avg Expected Move
12.22%
Avg Actual Move
1.79%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-04-26 | Pre-Market | 3.15% | 0.69% | 0.22x | Within |
| 2023-07-26 | Pre-Market | 10.73% | 1.75% | 0.16x | Within |
| 2023-10-25 | Pre-Market | 9.52% | 1.86% | 0.20x | Within |
| 2024-01-08 | Pre-Market | 5.22% | 2.58% | 0.49x | Within |
| 2024-04-29 | Pre-Market | 11.82% | 1.53% | 0.13x | Within |
| 2024-07-29 | After-Close | 13.28% | 0.72% | 0.05x | Within |
| 2024-11-04 | After-Close | 5.63% | 5.30% | 0.94x | Within |
| 2025-02-24 | After-Close | 8.26% | 3.94% | 0.48x | Within |
| 2025-04-28 | Pre-Market | 6.72% | 0.19% | 0.03x | Within |
| 2025-07-23 | Pre-Market | 5.43% | 0.39% | 0.07x | Within |
| 2025-10-27 | Pre-Market | 20.77% | 1.45% | 0.07x | Within |
| 2026-02-10 | Pre-Market | 49.92% | 1.31% | 0.03x | Within |
| 2026-04-20 | Pre-Market | 17.39% | 0.24% | 0.01x | Within |
| 2026-07-22 | Pre-Market | 7.30% | 1.51% | 0.21x | Within |
| 2026-10-21 | Pre-Market | 8.21% | 3.40% | 0.41x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
NTST Options Activity & IV Rank
NTST IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 47.8%
7-DTE IV: —
Expected Move: $1.92
7-DTE Move: $1.92
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 38
Put Volume: 23
P/C Volume: 0.605
BULLISH
Call OI: 285
Put OI: 17
P/C OI: 0.06
Total OI: 302
ATM Options Pricing
ATM Call: $0.35
ATM Put: $1.57
Call %: 2.1%
Put %: 9.3%
Chain Summary
Chain Volume: 124
Chain OI: 396
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 71st 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
71%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.87
δ-sensitivity to IV
Charm tilt
-0.95
δ-decay vs time
Vanna tilt +0.87: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.95: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k 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
ATM 48.1% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)62.8MediumOct 22
Straddle Price (30 DTE)$1.92Oct 22
Beta Analysis
Risk Metrics
Beta: -0.1824
Alpha: -7.51%
Correlation: -0.1074
R-Squared: 1.2%
Stock Volatility: 21.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own NTST
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $97.2M | #349 of 3716 | +1.0% | 13F | |
| Point72 Hedge fund Steve Cohen | $16.5M | #631 of 1945 | +20.0% | 13F | |
| Citadel Hedge fund Ken Griffin | $1.1M | #3554 of 6285 | -98.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $3K | #4365 of 4729 | 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
NTST Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 92,935,833 (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.
2 filers$10.56K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $8.45K | 80.00% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $2.11K | 20.00% | 2026-06-30 |
1 filers$143.68K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $143.68K | 100.00% | 2026-06-30 |
NTST Insider Trading (Form 4)
Latest: 2026-09-08Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Daniel P Donlan | CFO and Treasurer | Buy (P) | +1,200 | $20.12 | $24.1K | EDGAR |
| 2026-06-22 | Mark Manheimer | President, CEO and Secretary | Buy (P) | +5,000 | $19.19 | $96.0K | EDGAR |
| 2026-04-27 | Robin McBride Zeigler | Director | Sell (S) | −7,192 | $20.85 | -$150.0K | EDGAR |
| 2026-04-14 | Daniel P Donlan | CFO and Treasurer | Mixed | +7,084 | $20.26 | -$93.1K | EDGAR |
| 2026-03-10 | Mark Manheimer | President, CEO and Secretary | Mixed | +2,936 | $20.91 | -$39.9K | EDGAR |
| 2026-03-03 | Mark Manheimer | President, CEO and Secretary | Mixed | +42,656 | $20.77 | -$574.9K | EDGAR |
| 2026-03-02 | Robin McBride Zeigler | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Heidi Everett | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Matthew A Troxell | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Todd Minnis | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Michael Christodolou | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Daniel P Donlan | CFO and Treasurer | Mixed | +8,522 | $20.61 | -$114.0K | EDGAR |
| 2026-03-02 | Lori Wittman | Director | Exer (M) | +7,192 | — | EDGAR | |
| 2026-03-02 | Mark Manheimer | President, CEO and Secretary | Mixed | +27,410 | $20.61 | -$366.5K | EDGAR |
| 2026-02-18 | Mark Manheimer | President, CEO and Secretary | Mixed | +20,880 | $20.20 | -$282.1K | 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.
NTST Insider Holdings
9 insiders · @ $16.98
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 | Mark Manheimer | President, CEO and Secretary | 415,260 | $7.05M | $508.8K | 36 | 2026-06-22 |
| 2 | Daniel P Donlan | CFO and Treasurer | 44,862 | $761.8K | $153.0K | 18 | 2026-09-08 |
| 3 | Matthew A Troxell | Director | 43,998 | $747.1K | $270.0K | 14 | 2026-03-02 |
| 4 | Michael Christodolou | Director | 34,264 | $581.8K | $0 | 13 | 2026-03-02 |
| 5 | Lori Wittman | Director | 27,426 | $465.7K | $35.8K | 15 | 2026-03-02 |
| 6 | Heidi Everett | Director | 25,248 | $428.7K | -$32.4K | 14 | 2026-03-02 |
| 7 | Todd Minnis | Director | 22,744 | $386.2K | -$138.8K | 15 | 2026-03-02 |
| 8 | Robin McBride Zeigler | Director | 18,344 | $311.5K | -$183.3K | 15 | 2026-04-27 |
| 9 | Sofia Chernylo | CAO | 3,339 | $56.7K | $0 | 3 | 2026-02-17 |
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.
NTST Board & Officers
As of SEC filings through Sep 11, 2026Directors 7
- Lori Wittman · since Aug 12, 2020
- Mark Manheimer · since Aug 12, 2020
- Matthew A Troxell · since Aug 12, 2020
- Robin McBride Zeigler · since Aug 12, 2020
- Todd Minnis · since Aug 12, 2020
- Heidi Everett · since Aug 17, 2020
- Michael Christodolou · since Aug 17, 2020
Officers 3
- Mark Manheimer · President, CEO and Secretary · listed since Dec 2022
- Daniel P Donlan · CFO and Treasurer · since Apr 10, 2023
- Matthew Fennewald · CAO · since Sep 1, 2026
Changes in the last 10 years (33)
| Sep 1, 2026 | The company announced the departure of Sofia Chernylo as CAO in an SEC filing |
| Sep 1, 2026 | Matthew Fennewald became CAO |
| Jan 13, 2025 | Sofia Chernylo became CAO |
| Sep 16, 2024 | The company announced the departure of Patricia Marie Gibbs as Senior Vice President, Chief Accounting Officer in an SEC filing |
| Apr 10, 2023 | Daniel P Donlan became CFO and Treasurer |
| Apr 3, 2023 | The company announced the departure of Lori Wittman as Interim CFO and Treasurer in an SEC filing |
| Dec 28, 2022 | Mark Manheimer listed as President, CEO and Secretary (previously President and CEO) in SEC filings |
| Dec 28, 2022 | Lori Wittman first listed as Interim CFO and Treasurer in an SEC filing |
| Nov 6, 2022 | The company announced the departure of Andrew P Blocher as CFO, Treasurer and Secretary in an SEC filing |
| Aug 18, 2020 | Patricia Marie Gibbs no longer listed as a director in SEC filings |
| Aug 18, 2020 | Patricia Marie Gibbs first listed as Senior Vice President, Chief Accounting Officer in an SEC filing |
| Aug 17, 2020 | Michael Christodolou became a director |
| Aug 17, 2020 | Heidi Everett became a director |
| Aug 12, 2020 | Todd Minnis became a director |
| Aug 12, 2020 | Tilden Park Management I LLC became a 10% owner |
| Aug 12, 2020 | Robin McBride Zeigler became a director |
| Aug 12, 2020 | Patricia Marie Gibbs became a director |
| Aug 12, 2020 | Murtaza Ali became a director |
| Aug 12, 2020 | Matthew A Troxell became a director |
| Aug 12, 2020 | Mark Manheimer became a director |
| Aug 12, 2020 | Mark Manheimer became President and CEO |
| Aug 12, 2020 | M.H. DAVIDSON & CO. became a 10% owner |
| Aug 12, 2020 | Lori Wittman became a director |
| Aug 12, 2020 | Long Pond Capital, LP became a 10% owner |
| Aug 12, 2020 | Long Pond Capital GP, LLC became a 10% owner |
| Aug 12, 2020 | John Khoury became a 10% owner |
| Aug 12, 2020 | Davidson Kempner Partners became a 10% owner |
| Aug 12, 2020 | Davidson Kempner International, Ltd. became a 10% owner |
| Aug 12, 2020 | Davidson Kempner Institutional Partners, L.p. became a 10% owner |
| Aug 12, 2020 | Davidson Kempner Capital Management LP became a 10% owner |
| Aug 12, 2020 | David Busker became a director |
| Aug 12, 2020 | Anthony Alexander Yoseloff became a 10% owner |
| Aug 12, 2020 | Andrew P Blocher became CFO, Treasurer and Secretary |
Not reported recently (12)
- Long Pond Capital, LP · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- John Khoury · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- M.H. DAVIDSON & CO. · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Anthony Alexander Yoseloff · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Davidson Kempner International, Ltd. · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Davidson Kempner Institutional Partners, L.p. · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Long Pond Capital GP, LLC · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Davidson Kempner Capital Management LP · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Davidson Kempner Partners · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- Tilden Park Management I LLC · Last reported as a 10% owner in an SEC filing dated Aug 12, 2020
- David Busker · Last reported as a director in an SEC filing dated Aug 12, 2020
- Murtaza Ali · Last reported as a director in an SEC filing dated Aug 12, 2020
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.
NTST Proposed Insider Sales (Form 144)
Latest: 2026-04-23
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-04-23 | Robin Zeigler | Board of Director | 7,192 | $149.7K | 2026-04-23 | Merrill Lynch | — | EDGAR |
| 2024-05-16 | Minnis Todd | Director | 6,250 | $111.6K | 2024-05-16 | Alex Brown Raymond James | — | 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
85 ETFs hold NTST
25 shown · $390.38M total exposure · 0.05% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.07% | $68.0M | $103.1B | 2026-10-20 |
| 2 | VNQ Vanguard Real Estate ETF | Vanguard | 0.10% | $65.1M | — | 2026-09-30 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $56.9M | — | 2026-09-30 |
| 4 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $43.3M | $75.1B | 2026-10-20 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $20.3M | — | 2026-09-30 |
| 6 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.10% | $15.7M | $15.7B | 2026-10-20 |
| 7 | SCHH Schwab U.S. REIT ETF | Nport | 0.14% | $13.9M | — | 2026-05-31 |
| 8 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.09% | $11.7M | $13.7B | 2026-10-20 |
| 9 | DFAR Dimensional US Real Estate ETF | Dimensional | 0.13% | $11.2M | — | 2026-10-20 |
| 10 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.06% | $10.6M | — | 2026-09-30 |
| 11 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.04% | $9.4M | — | 2026-05-31 |
| 12 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.33% | $8.9M | — | 2026-06-30 |
| 13 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.10% | $6.3M | — | 2026-09-30 |
| 14 | USRT iShares Core U.S. REIT ETF | iShares (BlackRock) | 0.14% | $5.8M | $4.2B | 2026-10-20 |
| 15 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.07% | $5.3M | $7.6B | 2026-10-20 |
| 16 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.10% | $4.9M | $4.7B | 2026-10-20 |
| 17 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.06% | $4.8M | $7.6B | 2026-10-20 |
| 18 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.10% | $4.5M | $4.6B | 2026-10-20 |
| 19 | REET iShares Global REIT ETF | iShares (BlackRock) | 0.09% | $4.4M | $4.7B | 2026-10-20 |
| 20 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.03% | $4.1M | $13.6B | 2026-10-20 |
| 21 | PSC Principal U.S. Small-Cap ETF | Nport | 0.15% | $3.5M | — | 2026-06-30 |
| 22 | DFGR Dimensional Global Real Estate ETF | Dimensional | 0.09% | $3.5M | $3.8B | 2026-10-20 |
| 23 | RWR State Street® SPDR® Dow Jones® REIT ETF | SPDR (State Street) | 0.17% | $3.1M | $1.8B | 2026-10-20 |
| 24 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.5M | $97.4B | 2026-10-20 |
| 25 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.09% | $2.5M | $2.7B | 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
121.57
TTM Diluted EPS
$0.14
TTM Revenue
$206.79M
TTM Net Income
$13.91M
TTM Op. Cash Flow
$119.84M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $58.38M | $6.29M | $0.06 | $36.74M |
| Q1 '26 | 2026-03-31 | $54.03M | $5.69M | $0.06 | $26.31M |
| Q4 '25 | 2025-12-31 | $49.36M | $1.32M | $0.01 | $28.81M |
| Q3 '25 | 2025-09-30 | $45.03M | $618.00K | $0.01 | $27.97M |
| Q2 '25 | 2025-06-30 | $45.16M | $3.27M | $0.04 | $30.64M |
| Q1 '25 | 2025-03-31 | $42.84M | $1.69M | $0.02 | $22.09M |
| Q4 '24 | 2024-12-31 | $41.00M | $-5.40M | $-0.07 | $28.04M |
| Q3 '24 | 2024-09-30 | $38.17M | $-5.29M | $-0.07 | $25.11M |
| Q2 '24 | 2024-06-30 | $36.86M | $-2.29M | $-0.03 | $25.37M |
| Q1 '24 | 2024-03-31 | $35.19M | $1.04M | $0.01 | $11.65M |
| Q4 '23 | 2023-12-31 | $35.17M | $1.94M | $0.03 | $28.64M |
| Q3 '23 | 2023-09-30 | $31.17M | $4.21M | $0.06 | $17.12M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-22
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
121.57
P/B
1.00
P/S
7.65
EV/EBITDA
18.33
EV/Sales
14.32
ROE
0.9%
ROA
0.5%
Div Yield
4.57%
FCF Yield
7.58%
Debt/Equity
0.89
Current Ratio
—
Market Cap
$1.58B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
10.12M
SI % of Float
10.03%
Days to Cover
4.75
Short Vol Ratio
36.4%
Free Float
100.83M
Float %
99.3%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22