Zacks Investment ResearchT3·7d ago
PACB Pacific Biosciences of California, Inc.
XNAS
2.16
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.
PACB
$2.16
—
Key stats
$2.16
- 52-Week Range
- $1.07 – $3.44
- YTD
- +17.39%
- IV Rank (30D)
- 32.13
- Straddle Price
- $0.60
- P/C Vol Ratio
- 0.11
- Market Cap
- $0.7B
- Open
- $2.13
- Day Range
- $2.05 – $2.20
- Volume
- 4,525,309
- Prev Close
- $2.14
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) | 5.15% |
| Beta vs SPY | 1.82 |
| Cost of Equity (CAPM) | 15.19% (VRP-adj) |
| WACC | 10.07% |
| Volatility Risk Premium | +51.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +1.5% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.01 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | 395.6% |
| Book / Price | -5.1% |
| Gross Margin (TTM) | 36.4% |
| FCF Margin (TTM) | -77.5% |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $1.65 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $2.14 |
| Bollinger Width / SMA20 | 3268.8% (drives anchor stability) |
| Net Debt | $0.6B |
| Market Cap | $1B |
Peers used for multiples: CRSP, GH, ILMN, MRNA, NTRA, TEM, TWST, TXG
60-Day Conviction
86%
20-Day Fair Value
≈ by Nov 20, 2026
$2.22
α +2.3%
rank 95%
conviction
93%
40-Day Fair Value
≈ by Dec 21, 2026
$2.22
α +2.2%
rank 90%
conviction
67%
60-Day Fair Value
≈ by Jan 19, 2027
$2.24
α +3.4%
rank 89%
conviction
86%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | median 14.3× · 7 peers |
| Peer P/S | $10.63 | 15% | median 20.0× · 8 peers |
| Market Anchor (SMA50) | $1.65 | 85% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | $2.09 | 0% | 7 strikes · skew +0.18 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- LABORATORY ANALYTICAL INSTRUMENTS (3826) · industry map
- Exchange
- XNAS
- Market Cap
- $0.7B
- Employees
- 485
- List Date
- 2010-10-27
- CIK
- 0001299130
- Next Earnings
- 2026-11-04 (After-Close)
- EPS Forecast
- ($0.13) (1 est.)
- Headquarters
- Menlo Park, CA
- Homepage
- https://www.pacb.com
Pacific Biosciences of California Inc is a biotechnology company focused on designing, developing, and manufacturing sequencing solutions that enable scientists and clinical researchers to improve their understanding of the genome and ultimately, resolve genetically complex problems. It operates in, one reportable segment: the development, manufacturing, and marketing of an integrated platform for genetic analysis. The majority of the company's revenue is derived from Americas, followed by Europe Middle East, and Africa and Asia-Pacific.
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 | 22.65% | -46.51% | 39.67% | -32.12% | -14.44% | 22.83% | -1.32% |
| Feb | -10.56% | 4.20% | -20.91% | -18.20% | -0.68% | -18.45% | -10.77% |
| Mar | -5.42% | -25.16% | 32.04% | -27.75% | -10.27% | -18.52% | -9.18% |
| Apr | -11.74% | -33.12% | -8.93% | -54.79% | -1.77% | 17.78% | -15.43% |
| May | -0.81% | -17.81% | 9.46% | 5.92% | -13.18% | -6.88% | -3.88% |
| Jun | 32.36% | -13.84% | 3.42% | -26.74% | 25.56% | 6.33% | 4.51% |
| Jul | -6.43% | -2.24% | 2.48% | 71.67% | 6.98% | -20.00% | 8.74% |
| Aug | 0.22% | 31.10% | -15.44% | -28.65% | -1.50% | -4.58% | -3.14% |
| Sep | -20.38% | -1.44% | -26.82% | 26.87% | 0.00% | 85.16% | 10.56% |
| Oct | 2.48% | 44.77% | -23.23% | 33.95% | 69.57% | -13.75%* | 18.96% |
| Nov | -16.15% | 22.02% | 42.04% | -21.72% | 3.57% | -- | 5.95% |
| Dec | -3.22% | -26.17% | 10.47% | -5.18% | -16.14% | -- | -8.05% |
| Total | -25.35% | -67.45% | 14.87% | -78.26% | 26.72% | 16.03% | -18.91% |
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: $2.17
SMA 50: $1.67
SMA 200: $1.60
Current: $2.17
EMA 12: $2.06
EMA 26: $1.97
MACD: 0.0930 | Signal: -0.0500
BULLISH
ADX (14): 39.77
TREND
+DI: 31.60
−DI: 15.54
Momentum Oscillators
RSI (14): 56.56
NEUTRAL
Stoch %K: 22.38
Stoch %D: 16.02
Williams %R: -73.20
Volume & Volatility
BB Upper: $2.88
BB Lower: $1.47
NEUTRAL
OBV: 117,689,702
Vol SMA 20: 20,699,410
Vol ROC: -81.53%
ATR: $0.23
True Range: $0.15
HV 20: 147.6%
HV 30: 126.2%
HV 60: 113.4%
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: PACB
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Strong positive news sentiment related to advancements in bioinformatics, genomics, and DNA sequencing
- Technical indicators pointing to a range-bound market with oversold RSI and Bollinger Bands
Primary risks:
- High volatility, which may lead to increased price movements and trading activity
- Beta of 2.45, indicating a high level of risk relative to the broader market
Investment thesis: PACB's recent news headlines suggest a growing trend in bioinformatics and genomics, driving positive sentiment and potential upside. However, the stock's high volatility and beta may lead to increased price movements and trading activity.
Recent news sentiment impact: The positive news sentiment has contributed to the oversold RSI reading, indicating that the market is due for a potential bounce or consolidation.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Range-bound; Medium-term (1-3 months): Neutral; Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Lower Bollinger Band: $1.16
- Middle Line: $1.38
- Upper Bollinger Band: $1.59
- SMA 20: $1.38
- SMA 50: $1.45
- SMA 200: $1.69
Momentum Signals:
- RSI (14): 32.04 (neutral)
- MACD signal: Bearish (negative histogram)
- Bollinger Bands position: Oversold (price touching lower band)
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines related to bioinformatics, genomics, and DNA sequencing have driven sentiment and potential upside.
Sentiment Assessment: Positive (75%)
Catalyst Identification: Upcoming investor conferences may provide insights into the company's growth prospects and valuation.
Market Narrative: The positive news sentiment has contributed to the oversold RSI reading, indicating that the market is due for a potential bounce or consolidation.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the broader market (beta of 2.45)
Volatility Regime: High volatility - stock moves more than market
Options Market Signals:
- IV Rank: Medium (47.6%)
- Current IV: 229.0%
- Put/Call Volume Ratio: 0.02 (Bullish sentiment)
- Market Expectation: Options market pricing $0.38 move by expiration
Market Context & Positioning
Sector Performance: Strong performance in the bioinformatics and genomics sectors
Institutional Activity: Moderate institutional buying interest
Correlation Analysis: Correlated with the broader market (R-squared interpretation)
Relative Valuation: Position within trading range
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $1.16
- Middle Line: $1.38
- Upper Bollinger Band: $1.59
- SMA 20: $1.38
- SMA 50: $1.45
- SMA 200: $1.69
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: Upcoming investor conferences and product launches may provide insights into the company's growth prospects and valuation.
Risk Management: Stop-loss levels at $1.12, position sizing considerations for high-volatility stocks.
Please note that this report provides a comprehensive analysis of PACB's technical, news, and risk factors, but does not include buy/sell recommendations or specific trading advice.
Generated
News
All PACB news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
21 of 23 under expected move
Avg Expected Move
18.88%
Avg Actual Move
6.47%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-11 | After-Close | 10.95% | 2.99% | 0.27x | Within |
| 2021-04-29 | After-Close | 17.20% | 10.84% | 0.63x | Within |
| 2021-07-20 | After-Close | 16.23% | 7.50% | 0.46x | Within |
| 2021-11-02 | After-Close | 11.81% | 5.55% | 0.47x | Within |
| 2022-01-11 | After-Close | 10.20% | 1.70% | 0.17x | Within |
| 2022-05-04 | After-Close | 11.80% | 11.93% | 1.01x | Exceeded |
| 2022-08-03 | After-Close | 17.85% | 11.52% | 0.65x | Within |
| 2022-10-26 | After-Close | 10.66% | 13.04% | 1.22x | Exceeded |
| 2023-01-09 | After-Close | 6.34% | 3.28% | 0.52x | Within |
| 2023-05-02 | After-Close | 14.96% | 3.98% | 0.27x | Within |
| 2023-08-02 | After-Close | 13.82% | 7.99% | 0.58x | Within |
| 2023-10-30 | After-Close | 20.39% | 13.08% | 0.64x | Within |
| 2024-01-08 | After-Close | 14.75% | 0.26% | 0.02x | Within |
| 2024-04-16 | After-Close | 32.86% | 0.00% | 0.00x | Within |
| 2024-08-07 | After-Close | 35.95% | 9.15% | 0.25x | Within |
| 2024-11-07 | After-Close | 23.47% | 6.12% | 0.26x | Within |
| 2025-01-14 | Pre-Market | 11.19% | 7.96% | 0.71x | Within |
| 2025-05-08 | After-Close | 22.92% | 6.67% | 0.29x | Within |
| 2025-08-07 | After-Close | 19.84% | 7.14% | 0.36x | Within |
| 2025-11-05 | Pre-Market | 17.50% | 4.25% | 0.24x | Within |
| 2026-02-12 | Pre-Market | 19.02% | 0.00% | 0.00x | Within |
| 2026-05-07 | Pre-Market | 38.01% | 3.51% | 0.09x | Within |
| 2026-08-05 | After-Close | 36.54% | 10.38% | 0.28x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PACB Options Activity & IV Rank
PACB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 122.2%
7-DTE IV: —
Expected Move: $0.60
7-DTE Move: $0.60
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 165
Put Volume: 18
P/C Volume: 0.109
BULLISH
Call OI: 11,530
Put OI: 1,356
P/C OI: 0.118
Total OI: 12,886
ATM Options Pricing
ATM Call: $0.40
ATM Put: $0.20
Call %: 18.5%
Put %: 9.3%
Chain Summary
Chain Volume: 1,401
Chain OI: 178,229
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 84th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
84%
vs own history
GEX tilt
+0.89
OI-weighted, today
Vanna tilt
-0.77
δ-sensitivity to IV
Charm tilt
+0.63
δ-decay vs time
Vanna tilt -0.77: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.63: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 60k 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 124.1% / 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)32.1MediumOct 22
Straddle Price (30 DTE)$0.60Oct 22
Beta Analysis
Risk Metrics
Beta: 2.2543
Alpha: 26.49%
Correlation: 0.3064
R-Squared: 9.4%
Stock Volatility: 93.7%
Market Volatility: 12.7%
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 PACB
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Point72 Hedge fund Steve Cohen | $8.0M | #825 of 1945 | +1575.6% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $6.7M | #1868 of 3716 | -19.0% | 13F | |
| Citadel Hedge fund Ken Griffin | $4.8M | #2130 of 6285 | +80.6% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.6M | #2085 of 3138 | -61.2% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $173K | #993 of 997 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $4K | #4297 of 4729 | -54.4% | 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
PACB Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 304,319,250 (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.
8 filers$3.16M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $1.21M | 38.25% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $727.78K | 23.03% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $406.06K | 12.85% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $255.19K | 8.07% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $227.64K | 7.20% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $186.14K | 5.89% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $81.62K | 2.58% | 2025-09-30 |
| 8 | HUB Investment Partners, LLC | $67.20K | 2.13% | 2026-06-30 |
7 filers$1.12M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $673.01K | 60.28% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $147.84K | 13.24% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $109.54K | 9.81% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $80.38K | 7.20% | 2025-09-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $53.76K | 4.82% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $27.22K | 2.44% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $24.70K | 2.21% | 2026-06-30 |
PACB Insider Trading (Form 4)
Latest: 2026-10-08Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-08 | James R Gibson II | See Remarks | Mixed | −161,815 | $2.28 | -$1.47M | EDGAR |
| 2026-08-18 | Mark Van Oene | See Remarks | Sell (S) | −26,911 | $1.13 | -$30.4K | EDGAR |
| 2026-08-11 | Mark Van Oene | See Remarks | Award (A) | +489,130 | — | EDGAR | |
| 2026-06-04 | Marshall Mohr | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | John F Milligan | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | Christopher M Smith | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | Kathy Ordonez | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | Christopher Gibson | Director | Grant (A) | +74,497 opt | — | EDGAR | |
| 2026-06-04 | Randall S Livingston | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | William W. Ericson | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-06-04 | Hannah Valantine | Director | Grant (A) | +223,492 opt | — | EDGAR | |
| 2026-04-10 | Christopher Gibson | Director | Award (A) | +57,473 | — | EDGAR | |
| 2026-04-03 | James R Gibson II | See Remarks | Sell (S) | −88,185 | $1.37 | -$120.8K | EDGAR |
| 2026-03-05 | Christopher Gibson | Director | Award (A) | +53,913 | — | EDGAR | |
| 2026-03-04 | Mark Van Oene | See Remarks | Sell (S) | −6,504 | $1.51 | -$9.8K | 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.
PACB Insider Holdings
13 insiders · @ $2.17
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 | William W. Ericson | Director | 4,890,013 | $10.59M | $3.92M | 34 | 2026-06-04 |
| 2 | Christian O Henry | See Remarks | 3,581,813 | $7.75M | -$9.45M | 27 | 2026-03-04 |
| 3 | Mark Van Oene | See Remarks | 2,705,853 | $5.86M | -$2.38M | 22 | 2026-08-18 |
| 4 | James R Gibson II | See Remarks | 1,083,848 | $2.35M | -$2.18M | 4 | 2026-10-08 |
| 5 | Kathy Ordonez | Director | 403,037 | $872.6K | -$10.87M | 18 | 2026-06-04 |
| 6 | Michele Farmer | See Remarks | 305,948 | $662.4K | -$324.5K | 16 | 2026-03-04 |
| 7 | John F Milligan | Director | 132,821 | $287.6K | $0 | 14 | 2026-06-04 |
| 8 | Marshall Mohr | Director | 132,821 | $287.6K | $0 | 18 | 2026-06-04 |
| 9 | Christopher Gibson | Director | 111,386 | $241.2K | $0 | 3 | 2026-06-04 |
| 10 | Christopher M Smith | Director | 54,099 | $117.1K | $0 | 3 | 2026-06-04 |
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.
PACB Board & Officers
As of SEC filings through Oct 8, 2026Directors 9
- Randall S Livingston · since Oct 26, 2010
- William W. Ericson · since Oct 26, 2010
- Marshall Mohr · since Jan 18, 2012
- Lucy Shapiro · since Sep 12, 2012
- John F Milligan · since Jul 17, 2013
- Kathy Ordonez · since Dec 17, 2014
- Hannah Valantine · since Jun 16, 2021
- Christopher M Smith · since Jan 30, 2025
- Christopher Gibson · since Mar 3, 2026
Officers 3
- Mark Van Oene · President & CEO · listed since Aug 2026
- James R Gibson II · Chief Financial Officer · since Mar 31, 2025
- Michele Farmer · Chief Accounting Officer · since May 17, 2021
Changes in the last 10 years (35)
| Aug 11, 2026 | Mark Van Oene listed as President & CEO (previously Chief Operating Officer) in SEC filings |
| Jul 30, 2026 | The company announced the departure of Christian O Henry as President & CEO in an SEC filing |
| Mar 3, 2026 | Christopher Gibson became a director |
| Feb 19, 2026 | Christian O Henry listed as President & CEO (previously President, CEO & Interim CFO) in SEC filings |
| Mar 31, 2025 | James R Gibson II became Chief Financial Officer |
| Mar 5, 2025 | Christian O Henry listed as President, CEO & Interim CFO (previously President & CEO) in SEC filings |
| Jan 30, 2025 | Christopher M Smith became a director |
| Jan 29, 2025 | The company announced the departure of David W Meline from the board in an SEC filing |
| Nov 11, 2024 | The company announced the departure of Jeff Eidel as Chief Commercial Officer in an SEC filing |
| Nov 5, 2024 | The company announced the departure of Susan G. Kim as Chief Financial Officer in an SEC filing |
| Dec 7, 2023 | The company announced the departure of David Botstein from the board in an SEC filing |
| Oct 13, 2023 | David W Meline became a director |
| Aug 16, 2022 | Jeff Eidel became Chief Commercial Officer |
| May 14, 2022 | The company announced the departure of Peter Fromen as Chief Commercial Officer in an SEC filing |
| Jun 16, 2021 | Hannah Valantine became a director |
| May 17, 2021 | Michele Farmer became Chief Accounting Officer |
| Feb 18, 2021 | Eric Schaefer listed as Chief Accounting Officer (previously VP Chief Accounting Officer) in SEC filings |
| Feb 18, 2021 | Christian O Henry no longer listed as a director in SEC filings |
| Feb 18, 2021 | Christian O Henry listed as President & CEO (previously Chief Executive Officer) in SEC filings |
| Jan 22, 2021 | Michael Hunkapiller reported in an SEC filing no longer being a director |
| Jan 8, 2021 | Peter Fromen became Chief Commercial Officer |
| Jan 8, 2021 | Mark Van Oene became Chief Operating Officer |
| Nov 13, 2020 | Michael Hunkapiller no longer listed as CEO & President in SEC filings |
| Sep 28, 2020 | Susan G. Kim became Chief Financial Officer |
| Sep 17, 2020 | Christian O Henry first listed as a director in an SEC filing |
| Sep 17, 2020 | Christian O Henry first listed as Chief Executive Officer in an SEC filing |
| Aug 8, 2020 | Benjamin B Gong became Interim CFO and PAO |
| May 26, 2020 | Eric Schaefer became VP Chief Accounting Officer |
| Apr 1, 2020 | Denis Zaccarin became SVP, Research & Development |
| Apr 1, 2020 | Christopher J. Seipert became VP, Sales, Service & Support |
| Mar 16, 2020 | Michael Hunkapiller listed as CEO & President (previously Chairman, CEO & President) in SEC filings |
| Mar 16, 2020 | Christian O Henry no longer listed as a director in SEC filings |
| Feb 20, 2019 | Kathy Ordonez no longer listed as Chief Commercial Officer in SEC filings |
| Jul 27, 2018 | Christian O Henry became a director |
| Nov 15, 2017 | Kathy Ordonez first listed as Chief Commercial Officer in an SEC filing |
Not reported recently (7)
- Eric Schaefer · Last reported as Chief Accounting Officer in an SEC filing dated Feb 24, 2021
- Benjamin B Gong · Last reported as Interim CFO and PAO in an SEC filing dated Aug 13, 2020
- Denis Zaccarin · Last reported as SVP, Research & Development in an SEC filing dated Apr 2, 2020
- Christopher J. Seipert · Last reported as VP, Sales, Service & Support in an SEC filing dated Apr 2, 2020
- James Michael Phillips · Last reported as SVP, Research & Development in an SEC filing dated Mar 24, 2020
- Susan K Barnes · Last reported as EVP, CFO and PAO in an SEC filing dated Feb 25, 2020
- Kevin P Corcoran · Last reported as SVP, Market Development in an SEC filing dated Nov 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.
PACB Proposed Insider Sales (Form 144)
Latest: 2026-10-06
? Form 144 Guide
Last 30d:
1 filing
· $1.9M notice value
· Last 90d:
2 filings
· $1.9M notice value
· 2 unique filers
· 50% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Jim Gibson (1, $1.9M) · MARK VAN OENE (1, $31K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-06 | Jim Gibson | Officer | 661,815 | $1.90M | 2026-10-06 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-17 | MARK VAN OENE | Officer | 26,911 | $30.5K | 2026-08-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-04-01 | JAMES GIBSON | Officer | 88,185 | $120.8K | 2026-04-01 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-03 | MARK D. VAN OENE | Officer | 6,504 | $9.8K | 2026-03-03 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-03 | CHRISTIAN HENRY | Officer | 12,497 | $18.9K | 2026-03-03 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-02-17 | MARK VAN OENE | Officer | 303,739 | $478.7K | 2026-02-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-02-17 | CHRISTIAN HENRY | Officer | 606,312 | $955.5K | 2026-02-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-18 | MARK VAN OENE | Officer | 26,836 | $35.2K | 2025-08-18 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-03-03 | MARK VAN OENE | Officer | 6,486 | $9.1K | 2025-03-03 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-03-03 | CHRISTIAN HENRY | Officer | 12,497 | $17.6K | 2025-03-03 | Morgan Stanley Smith Barney LLC … | — | 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
36 ETFs hold PACB
25 shown · $68.82M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $22.6M | — | 2026-09-30 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.02% | $14.2M | $75.1B | 2026-10-20 |
| 3 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $8.1M | — | 2026-09-30 |
| 4 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.04% | $4.8M | $13.6B | 2026-10-20 |
| 5 | IBB iShares Biotechnology ETF | iShares (BlackRock) | 0.04% | $4.4M | $11.0B | 2026-10-20 |
| 6 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.02% | $4.0M | — | 2026-09-30 |
| 7 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.01% | $2.1M | — | 2026-05-31 |
| 8 | VHT Vanguard Health Care ETF | Vanguard | 0.01% | $1.8M | — | 2026-09-30 |
| 9 | IDNA iShares Genomics Immunology and Healthcare ETF | iShares (BlackRock) | 0.49% | $1.6M | $325.4M | 2026-10-20 |
| 10 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.05% | $1.5M | — | 2026-07-31 |
| 11 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $847,361 | $97.4B | 2026-10-20 |
| 12 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.04% | $684,338 | — | 2026-09-30 |
| 13 | GNOM Global X Genomics & Biotechnology ETF | Global X | 0.42% | $463,830 | — | 2026-10-21 |
| 14 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.00% | $404,832 | $13.7B | 2026-10-20 |
| 15 | RSSL Global X Russell 2000 ETF | Global X | 0.02% | $294,871 | — | 2026-10-21 |
| 16 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $259,674 | — | 2026-05-31 |
| 17 | QQQS Invesco NASDAQ Future Gen 200 ETF | Invesco | 0.81% | $167,125 | — | 2026-10-20 |
| 18 | NXTE AXS Green Alpha ETF | Nport | 0.29% | $165,918 | — | 2026-06-30 |
| 19 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.00% | $137,455 | $20.6B | 2026-10-20 |
| 20 | EVNT AltShares Event-Driven ETF | Nport | 0.75% | $92,440 | — | 2026-05-31 |
| 21 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $54,048 | — | 2026-09-30 |
| 22 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.00% | $42,617 | — | 2026-09-30 |
| 23 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.02% | $35,851 | — | 2026-10-21 |
| 24 | URTY ProShares UltraPro Russell2000 | ProShares | 0.01% | $27,923 | — | 2026-10-21 |
| 25 | BIB ProShares Ultra NASDAQ Biotechnology | ProShares | 0.03% | $25,554 | — | 2026-10-21 |
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
$-0.43
TTM Revenue
$159.27M
TTM Net Income
$-131.39M
TTM Op. Cash Flow
$-118.05M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $39.01M | $-44.74M | $-0.14 | $-35.58M |
| Q1 '26 | 2026-03-31 | $37.18M | $-8.28M | $-0.03 | $-44.69M |
| Q4 '25 | 2025-12-31 | $44.65M | $-40.37M | $-0.13 | $-19.07M |
| Q3 '25 | 2025-09-30 | $38.44M | $-38.00M | $-0.13 | $-18.71M |
| Q2 '25 | 2025-06-30 | $39.77M | $-41.93M | $-0.14 | $-29.38M |
| Q1 '25 | 2025-03-31 | $37.15M | $-426.07M | $-1.44 | $-44.06M |
| Q4 '24 | 2024-12-31 | $39.22M | $2.37M | $-0.44 | $-30.65M |
| Q3 '24 | 2024-09-30 | $39.97M | $-60.73M | $-0.22 | $-45.46M |
| Q2 '24 | 2024-06-30 | $36.01M | $-173.32M | $-0.64 | $-54.33M |
| Q1 '24 | 2024-03-31 | $38.81M | $-78.18M | $-0.29 | $-75.61M |
| Q4 '23 | 2023-12-31 | $58.36M | $-82.02M | $-0.31 | $-43.60M |
| Q3 '23 | 2023-09-30 | $55.69M | $-66.87M | $-0.26 | $-79.14M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
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
—
P/B
—
P/S
4.14
EV/EBITDA
—
EV/Sales
7.80
ROE
—
ROA
-17.5%
Div Yield
0.00%
FCF Yield
-17.92%
Debt/Equity
—
Current Ratio
—
Market Cap
$658.85M
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
47.22M
SI % of Float
18.91%
Days to Cover
2.97
Short Vol Ratio
66.0%
Free Float
249.75M
Float %
80.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14