SBSW Sibanye-Stillwater American Depositary Shares, each representing four ordinary shares
XNYS
9.29
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.
SBSW
$9.29
—
Key stats
$9.29
- 52-Week Range
- $7.87 – $21.29
- YTD
- -35.79%
- IV Rank (30D)
- 18.3
- Straddle Price
- $1.12
- P/C Vol Ratio
- 1.40
- Market Cap
- $6.9B
- Open
- $9.38
- Day Range
- $9.21 – $9.38
- Volume
- 4,660,134
- Prev Close
- $9.77
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 SPY | 1.07 |
| Cost of Equity (CAPM) | 11.03% (VRP-adj) |
| WACC | 11.06% |
| Volatility Risk Premium | +34.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $11.12 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $9.98 |
| Bollinger Width / SMA20 | 97.8% (drives anchor stability) |
| Net Debt | $0.0B |
Peers used for multiples: B, FCX, GFI, HBM, KGC, NEM, SCCO, TECK
60-Day Conviction
13%
20-Day Fair Value
≈ by Nov 20, 2026
$9.42
α +1.3%
rank 48%
conviction
72%
40-Day Fair Value
≈ by Dec 21, 2026
$9.34
α +0.5%
rank 41%
conviction
15%
60-Day Fair Value
≈ by Jan 19, 2027
$9.33
α +0.3%
rank 42%
conviction
13%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $10.32 | 0% | |
| Peer P/E | n/a | 0% | median 30.2× · 3 peers |
| Peer EV/EBITDA | n/a | 0% | median 12.5× · 3 peers |
| Peer P/B | n/a | 0% | median 4.9× · 3 peers |
| Peer P/S | n/a | 0% | median 4.8× · 3 peers |
| Market Anchor (SMA50) | $11.12 | 67% | stability 66% (BB-width) |
| Options Expected (B-L 30d) | $9.52 | 33% | 13 strikes · skew -0.57 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- GOLD AND SILVER ORES (1040) · industry map
- Exchange
- XNYS
- Market Cap
- $6.9B
- Employees
- 72,668
- List Date
- 2013-02-11
- CIK
- 0001786909
- Homepage
- https://www.sibanyestillwater.com
Sibanye Stillwater Ltd is a South African mining and metals processing group with a diverse portfolio of operations, projects, and investments across five continents. The Group is also one of the foremost recyclers of PGM autocatalysts and has interests in mine tailings retreatment operations. It is a producer of platinum, palladium, and rhodium and is a top-tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper, and cobalt. Its products are Gold, Nickel, Zinc, Chrome, PGMs, and other. Group operations are divided into two segments, South African Operati…
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 | -12.12% | 19.73% | -0.74% | -8.85% | 9.80% | 16.74% | 4.09% |
| Feb | 16.21% | 27.64% | -25.41% | -18.90% | -18.21% | 4.98% | -2.28% |
| Mar | -5.20% | -17.91% | 2.84% | 11.08% | 41.80% | -27.49% | 0.85% |
| Apr | 1.19% | -17.23% | 8.22% | -0.43% | 2.88% | -3.14% | -1.42% |
| May | -3.71% | -4.70% | -19.32% | 9.98% | 35.03% | -1.16% | 2.69% |
| Jun | -16.35% | -20.11% | -14.17% | -14.03% | 14.24% | -28.05% | -13.08% |
| Jul | 2.78% | -1.97% | 20.97% | 7.35% | 14.84% | 3.57% | 7.92% |
| Aug | -4.70% | -9.02% | -14.55% | -11.39% | -8.57% | 32.55% | -2.61% |
| Sep | -23.87% | 7.87% | 2.83% | 15.77% | 35.75% | -12.44% | 4.32% |
| Oct | 13.33% | -2.90% | -13.16% | 6.62% | -8.01% | -7.14%* | -1.88% |
| Nov | -13.73% | 17.88% | -10.08% | -11.85% | 27.44% | -- | 1.93% |
| Dec | 3.12% | -3.62% | 16.52% | -20.29% | 8.53% | -- | 0.85% |
| Total | -40.68% | -16.09% | -44.82% | -36.22% | 266.50% | -31.67% | 16.17% |
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: $9.93
SMA 50: $11.09
SMA 200: $12.25
Current: $9.30
EMA 12: $9.83
EMA 26: $10.21
MACD: -0.3766 | Signal: 0.0036
BEARISH
ADX (14): 25.38
TREND
+DI: 20.36
−DI: 38.26
Momentum Oscillators
RSI (14): 35.45
NEUTRAL
Stoch %K: 32.90
Stoch %D: 41.17
Williams %R: -91.52
Volume & Volatility
BB Upper: $10.48
BB Lower: $9.38
OVERSOLD
OBV: 315,386,776
Vol SMA 20: 4,665,021
Vol ROC: 0.11%
ATR: $0.43
True Range: $0.56
HV 20: 43.5%
HV 30: 48.4%
HV 60: 56.4%
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
Executive Summary
Overall assessment: BEARISH (Confidence level: 7/10)
Key drivers:
- Technical indicators suggest a bearish trend, with multiple momentum signals pointing to a potential downturn.
- News sentiment is mixed, but recent negative headlines have had a more significant impact on the stock price.
Primary risks:
- High volatility and beta value (>2.33) indicate increased risk relative to the market.
- Options activity suggests a high implied volatility (IV), which may lead to exaggerated price movements.
Investment thesis: SBSW's strong beta and volatility suggest that the stock is more susceptible to market fluctuations, making it a higher-risk investment. However, the recent negative news sentiment and bearish technical signals indicate potential downside risk, warranting caution for investors.
Recent news sentiment impact: The negative headlines (SQM Cuts Capex As Lower Lithium Prices Weigh-In On Miners) have had a more significant impact on the stock price than the positive articles. This suggests that investor sentiment is currently leaning bearish.
Technical Analysis
Trend direction:
- Short-term: BEARISH
- Medium-term: BEARISH
- Long-term: NEUTRAL (SMA 200: $12.61, above current price)
Support/Resistance levels: The upper Bollinger Band ($10.19) serves as the primary resistance level.
Momentum signals:
- RSI interpretation: Neutral (69.83), indicating no strong buying or selling pressure.
- MACD signal: Bearish (0.21 / Signal: 0.29 / Histogram: -0.08).
- Bollinger Bands position: Overbought (price touching upper band).
Volume analysis: The volume SMA 20 ($4712515.50) and OBV (356271894.89) suggest increasing buying pressure, but the recent price action indicates a lack of institutional interest.
News & Sentiment Analysis
Recent headlines summary:
- Precious Metal Market Volume to Worth 756.65 Million Tons by 2035 (GlobeNewswire Inc., 2026-02-21): Neutral
- FNY Investment Advisers Initiated a New Position in Sibanye Stillwater. Is the Stock a Buy? (The Motley Fool, 2025-12-17): Neutral
- Platinum's Biggest Rally In 40 Years: These 6 Mining Stocks Could Be Top Gainers (Benzinga, 2025-06-26): Positive
- SQM Cuts Capex As Lower Lithium Prices Weigh-In On Miners (Benzinga, 2025-03-05): Negative
- Blockchain in Mining Strategic Intelligence Report 2024 with Focus on Supply Chain Management as the Main Use Case (GlobeNewswire Inc., 2024-12-20): Positive
Sentiment assessment: The overall sentiment is NEUTRAL, with positive and negative headlines canceling each other out. However, the recent negative headline has had a more significant impact.
Catalyst identification:
- Earnings dates: No available data
- Product launches: No recent announcements
- Regulatory changes: SQM's capex cut may have a medium-term impact on the mining sector
Market narrative: The market is currently discounting potential earnings and regulatory risks, leading to increased volatility and a bearish trend.
Risk & Volatility Assessment
Risk assessment:
- Beta interpretation: High risk (beta >1.2)
- Volatility regime: Current high volatility (>0.69) relative to historical levels
- Options market signals: IV rank (22.6%) indicates low volatility, but the recent price action suggests increasing uncertainty.
Downside protection: The upper Bollinger Band ($10.19) serves as a primary support level, and investors should be cautious of potential downside risk.
Market Context & Positioning
Sector performance:
- Precious metals: Neutral to slightly positive
- Mining sector: Negative due to SQM's capex cut
Institutional activity: The lack of institutional interest is evident in the low volume flow and open interest levels.
Correlation analysis: SBSW has a high correlation with other mining stocks (R-squared = 0.44), indicating that investors should consider broader market trends when analyzing this stock.
Relative valuation: The stock is trading within a trading range, but its current price is slightly below the middle Bollinger Band ($8.81).
Key Levels & Action Items
Critical price levels:
- Support: Upper Bollinger Band ($10.19)
- Resistance: Lower Bollinger Band ($7.44)
Breakout/breakdown levels: No specific levels identified, but investors should be cautious of potential breaks below the lower Bollinger Band.
Time-sensitive catalysts:
- Earnings dates: No available data
- Product launches: No recent announcements
Risk management: Investors should consider stop-loss levels at the upper and lower Bollinger Bands, with a focus on managing risk in the current volatile market conditions.
Generated
News
All SBSW news →
SBSW Options Activity & IV Rank
SBSW IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 51.2%
7-DTE IV: —
Expected Move: $1.12
7-DTE Move: $1.12
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 187
Put Volume: 262
P/C Volume: 1.401
BEARISH
Call OI: 10,483
Put OI: 10,501
P/C OI: 1.002
Total OI: 20,984
ATM Options Pricing
ATM Call: $0.72
ATM Put: $0.40
Call %: 7.8%
Put %: 4.3%
Chain Summary
Chain Volume: 8,988
Chain OI: 194,148
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 25th 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
25%
vs own history
GEX tilt
-0.09
OI-weighted, today
Vanna tilt
+0.13
δ-sensitivity to IV
Charm tilt
+0.11
δ-decay vs time
? What is this?
· 16 ATM contracts, 32k 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 53.4% / 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)18.3LowOct 22
Straddle Price (30 DTE)$1.12Oct 22
Beta Analysis
Risk Metrics
Beta: 2.5912
Alpha: -32.34%
Correlation: 0.5079
R-Squared: 25.8%
Stock Volatility: 65.1%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own SBSW
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Bridgewater Associates Hedge fund Ray Dalio | $48.3M | #83 of 997 | +28.6% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $34.8M | #465 of 3138 | +124.3% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $8.2M | #1722 of 3716 | +215.1% | 13F | |
| Point72 Hedge fund Steve Cohen | $7.5M | #853 of 1945 | +67.5% | 13F | |
| Citadel Hedge fund Ken Griffin | $4.7M | #2158 of 6285 | -60.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $84K | #3083 of 4729 | -28.3% | 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
SBSW Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional 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.
22 filers$49.18M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $12.53M | 25.48% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $9.01M | 18.33% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $7.44M | 15.13% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $3.81M | 7.75% | 2025-09-30 |
| 5 | Converium Capital Inc. | $3.40M | 6.91% | 2026-06-30 |
| 6 | Walleye Capital LLC | $3.11M | 6.33% | 2026-06-30 |
| 7 | Squarepoint Ops LLC | $2.56M | 5.22% | 2026-06-30 |
| 8 | Cubist Systematic Strategies, LLC | $1.03M | 2.10% | 2025-09-30 |
| 9 | Walleye Trading LLC | $946.63K | 1.92% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $892.30K | 1.81% | 2026-06-30 |
| 11 | CAPITAL FUND MANAGEMENT S.A. | $764.10K | 1.55% | 2026-06-30 |
| 12 | Point72 Asset Management, L.P. | $623.17K | 1.27% | 2026-06-30 |
| 13 | Millennium Management LLC Custodian | $588.36K | 1.20% | 2026-06-30 |
| 14 | TORONTO DOMINION BANK | $531.47K | 1.08% | 2026-06-30 |
| 15 | J. Goldman & Co LP | $471.19K | 0.96% | 2026-06-30 |
| 16 | Caption Management, LLC | $403.27K | 0.82% | 2026-06-30 |
| 17 | SIG BROKERAGE, LP | $339.60K | 0.69% | 2026-06-30 |
| 18 | NOMURA HOLDINGS INC | $326.02K | 0.66% | 2026-06-30 |
| 19 | Citigroup Inc. Custodian | $288.66K | 0.59% | 2026-06-30 |
| 20 | Pine Valley Investments Ltd Liability Co | $84.90K | 0.17% | 2026-06-30 |
| 21 | Raiffeisen Bank International AG | $13.04K | 0.03% | 2026-06-30 |
| 22 | COMPASS FINANCIAL MANAGEMENT LLC | $2.38K | <0.01% | 2026-06-30 |
12 filers$23.13M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.87M | 34.04% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $4.93M | 21.31% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $2.91M | 12.60% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $2.20M | 9.53% | 2025-09-30 |
| 5 | Walleye Capital LLC | $1.30M | 5.63% | 2026-06-30 |
| 6 | Squarepoint Ops LLC | $1.15M | 4.97% | 2026-06-30 |
| 7 | Two Sigma Investments, LP Custodian | $887.21K | 3.84% | 2026-06-30 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $783.63K | 3.39% | 2026-06-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $626.56K | 2.71% | 2026-06-30 |
| 10 | Walleye Trading LLC | $367.62K | 1.59% | 2026-06-30 |
| 11 | Point72 Asset Management, L.P. | $87.45K | 0.38% | 2026-06-30 |
| 12 | HAP TRADING, LLC | $2.84K | 0.01% | 2025-09-30 |
SBSW Insider Trading (Form 4)
Latest: 2026-07-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-07-01 | Richard Peter Menell | Director | Buy (P) | +15,000 | $2.19 | $32.9K | EDGAR |
| 2026-04-01 | Themba George Nkosi | Chief People & Culture Officer | Buy (P) | +11,865 | $2.91 | $34.5K | EDGAR |
| 2026-03-25 | Richard Peter Menell | Director | Buy (P) | +2,500 | $11.43 | $28.6K | EDGAR |
| 2026-03-25 | Charl Keyter | Chief Financial Officer | Buy (P) | +35,000 | $2.70 | $94.5K | EDGAR |
| 2026-03-20 | Charl Keyter | Chief Financial Officer | Buy (P) | +148,819 | $11.63 | $1.73M | EDGAR |
| 2026-03-19 | Thabane Vincent Maphai | Director | Buy (P) | +12,000 | $13.34 | $160.1K | 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.
SBSW Insider Holdings
4 insiders · @ $9.30
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 | Charl Keyter | Chief Financial Officer | 2,010,300 | $18.71M | $1.83M | 2 | 2026-03-25 |
| 2 | Themba George Nkosi | Chief People & Culture Officer | 242,248 | $2.25M | $34.5K | 1 | 2026-04-01 |
| 3 | Thabane Vincent Maphai | Director | 142,678 | $1.33M | $160.1K | 1 | 2026-03-19 |
| 4 | Richard Peter Menell | Director | 25,125 | $233.8K | $61.4K | 2 | 2026-07-01 |
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.
ETF Holders
25 ETFs hold SBSW
25 shown · $47.70M total exposure · 0.06% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | AVEM Avantis Emerging Markets Equity ETF | Avantis | 0.11% | $29.2M | $27.5B | 2026-10-20 |
| 2 | AVES Avantis Emerging Markets Value ETF | Avantis | 0.17% | $2.6M | $1.5B | 2026-10-20 |
| 3 | DFAX Dimensional World ex US Core Equity 2 ETF | Dimensional | 0.02% | $2.4M | $12.3B | 2026-10-20 |
| 4 | FTHI First Trust BuyWrite Income ETF | First Trust | 0.08% | $2.0M | $2.6B | 2026-10-20 |
| 5 | BFLX iShares Flexible Equity Active ETF | iShares (BlackRock) | 0.09% | $1.9M | $2.2B | 2026-10-20 |
| 6 | DFEM Dimensional Emerging Markets Core Equity 2 ETF | Dimensional | 0.02% | $1.9M | $9.2B | 2026-10-20 |
| 7 | DFAE Dimensional Emerging Core Equity Market ETF | Dimensional | 0.02% | $1.5M | $9.6B | 2026-10-20 |
| 8 | LENS Sarmaya Thematic ETF | Nport | 2.04% | $1.1M | — | 2026-05-29 |
| 9 | DEHP Dimensional Emerging Markets High Profitability ETF | Dimensional | 0.23% | $987,923 | $427.2M | 2026-10-20 |
| 10 | AVXC Avantis Emerging Markets ex-China Equity ETF | Avantis | 0.22% | $979,433 | $446.4M | 2026-10-20 |
| 11 | AFK VanEck Africa Index ETF | VanEck | 0.61% | $585,330 | $96.2M | 2026-10-20 |
| 12 | APIE ActivePassive International Equity ETF | Nport | 0.05% | $523,035 | — | 2026-05-31 |
| 13 | DEXC Dimensional Emerging Markets ex China Core Equity ETF | Dimensional | 0.17% | $489,604 | $288.6M | 2026-10-20 |
| 14 | GMET VanEck Green Metals ETF | VanEck | 1.24% | $406,764 | $32.5M | 2026-10-20 |
| 15 | AVSE Avantis Responsible Emerging Markets Equity ETF | Avantis | 0.18% | $398,802 | $218.2M | 2026-10-20 |
| 16 | DFEV Dimensional Emerging Markets Value ETF | Dimensional | 0.02% | $387,048 | $2.2B | 2026-10-20 |
| 17 | EMET VanEck Copper and Electrification Metals ETF | Nport | 1.04% | $357,157 | — | 2026-06-30 |
| 18 | FMTL First Trust Indxx Critical Metals ETF | First Trust | 0.77% | $233,337 | $30.1M | 2026-10-20 |
| 19 | DFSE Dimensional Emerging Markets Sustainability Core 1 ETF | Dimensional | 0.02% | $104,344 | $615.4M | 2026-10-20 |
| 20 | BREE MFS Blended Research Emerging Markets Equity ETF | Nport | 0.24% | $63,897 | — | 2026-05-31 |
| 21 | NSI National Security Emerging Markets Index ETF | Nport | 0.15% | $63,814 | — | 2026-05-31 |
| 22 | WDIG WisdomTree Efficient Rare Earth Plus Strategic Metals Fund | Nport | 0.52% | $40,944 | — | 2026-05-31 |
| 23 | PMTL First Trust Indxx Quality Precious Metals Miners ETF | First Trust | 0.32% | $7,425 | $2.3M | 2026-10-20 |
| 24 | AVNC Avantis All International Core Equity ETF | Avantis | 0.00% | $1,866 | $97.0M | 2026-10-20 |
| 25 | FTLS First Trust Long/Short Equity ETF | First Trust | -0.02% | $-529,668 | $2.6B | 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
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
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
8.27M
SI % of Float
1.17%
Days to Cover
1.38
Short Vol Ratio
41.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21