TPL Texas Pacific Land Corporation

XNYS 350.92 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

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TPL $350.92 —
Key stats
$350.92
52-Week Range
$269.23 – $547.20
YTD
+17.77%
IV Rank (30D)
56.12
Straddle Price
$40.55
P/C Vol Ratio
0.87
Market Cap
$23.9B
Open
$348.48
Day Range
$345.99 – $351.86
Volume
282,926
Prev Close
$346.52
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)5.21%
Beta vs SPY0.76
Cost of Equity (CAPM)9.01% (VRP-adj)
WACC9.03%
Volatility Risk Premium+9.8pp (IV − HV30)
Effective Tax Rate20.9%
Rev. Growth (YoY, DCF input)+21.2%
DCF Horizon15 years explicit + fade
Forward Tilt (NTM/TTM)×1.10 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.5B
Return on Equity (TTM)32.4%
Book / Price7.0%
Gross Margin (TTM)93.3%
FCF Margin (TTM)58.7%
Debt / Equity0.00
Quality Score6/6 — compounder (15y DCF)
Market-Implied Growth+17.0% (reverse-DCF on current price)
SMA 50$357.71 (Market Anchor value)
SMA 20 / Bollinger Mid$347.95
Bollinger Width / SMA204.0% (drives anchor stability)
Net Debt$-0.2B
Market Cap$24B
Peers used for multiples: COP, CVX, EOG, LB, MPC, PBT, VLO, XOM
60-Day Conviction
18%
20-Day Fair Value
≈ by Nov 16, 2026
$352.25
α +0.4% rank 29%
conviction
24%
40-Day Fair Value
≈ by Dec 15, 2026
$352.86
α +0.6% rank 29%
conviction
16%
60-Day Fair Value
≈ by Jan 13, 2027
$349.50
α -0.4% rank 29%
conviction
18%
MethodImplied PriceWeightDetail
DCF $467.20 19%
DDM (Gordon) $89.01 0%
Peer P/E $170.88 9% median 19.8× · 8 peers
Peer EV/EBITDA $121.48 9% median 10.0× · 8 peers
Peer P/B $95.95 2% median 4.0× · 8 peers
Peer P/S $34.11 6% median 2.4× · 8 peers
Market Anchor (SMA50) $357.71 38% stability 100% (BB-width)
Options Expected (B-L 30d) $345.10 19% 29 strikes · skew +0.13
As of 2026-10-16 · updated
About
Industry (SIC)
OIL ROYALTY TRADERS (6792) · industry map
Exchange
XNYS
Market Cap
$23.9B
Employees
114
List Date
1972-06-01
CIK
0001811074
Next Earnings
2026-11-04 (After-Close)
EPS Forecast
$2.35 (1 est.)
Headquarters
Dallas, TX
Homepage
https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in the sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. The group operates its business in two reportable segments: Land and Resource Management and Water Service and Operations. The Land and Resource Management segment, which generates maximum revenue, focuses on managing its several surface acres of land and its oil and gas royalty interests, principally concentrated in the Permian Basin. The revenue streams of this segment consist of royalties from oil and gas, revenues from easements and…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan10.00%-15.63%-5.08%-8.93%9.92%16.91%1.20%
Feb32.38%5.92%-8.74%8.68%7.14%55.72%16.85%
Mar43.48%12.14%-5.25%10.85%-2.31%-10.64%8.04%
Apr-3.74%-3.85%-17.68%0.91%-4.73%1.02%-4.68%
May-9.67%15.36%-11.74%9.96%-14.71%-9.37%-3.36%
Jun6.72%-6.87%-0.96%23.24%-4.84%18.85%6.02%
Jul-7.63%20.10%11.63%16.56%-9.41%-3.31%4.66%
Aug-8.05%1.02%26.87%5.57%-0.14%-7.83%2.91%
Sep-10.74%-0.70%-4.44%8.55%-0.92%-11.92%-3.36%
Oct8.58%23.47%5.55%27.52%-1.52%4.30%*11.32%
Nov-7.96%10.69%-9.27%36.45%-6.53%--4.68%
Dec5.79%-8.37%-9.95%-26.29%0.93%---7.58%
Total55.40%56.18%-31.07%157.03%-25.92%44.93%42.76%
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: $347.86
SMA 50: $357.62
SMA 200: $400.08
Current: $350.92
EMA 12: $352.71
EMA 26: $353.84
MACD: -1.1255 | Signal: 1.7755
BEARISH
ADX (14): 11.73
RANGE
+DI: 19.95
−DI: 23.71

Momentum Oscillators

RSI (14): 48.37
NEUTRAL
Stoch %K: 57.23
Stoch %D: 71.31
Williams %R: -42.21

Volume & Volatility

BB Upper: $372.30
BB Lower: $323.43
NEUTRAL
OBV: -8,052
Vol SMA 20: 318,996
Vol ROC: -2.96%
ATR: $12.30
True Range: $5.87
HV 20: 42.4%
HV 30: 43.8%
HV 60: 44.5%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis

TEXAS PACIFIC LAND CORPORATION (TPL) - COMPREHENSIVE STOCK ANALYSIS

Executive Summary

Overall Assessment: NEUTRAL with Confidence Level: 6/10

Investment Thesis: TPL presents a conflicted technical picture characterized by positive price momentum and strong 2026 YTD performance (up 50%+ H1 2026) offset by deteriorating momentum indicators and bearish MACD signals. The stock's low beta (0.42) and defensive volatility profile suggest institutional accumulation despite near-term technical weakness, making this suitable for risk-averse positions but requiring caution on near-term entry timing.

Key Drivers:

  • Strong 2026 performance (rallied 50%+ in H1, beat S&P 500 performance)
  • Oil market tailwinds (oil up 84% in Q1 2026) supporting energy/land exposure
  • Low systematic risk (beta 0.42) indicates counter-cyclical or defensive positioning
  • Positive news momentum dominating headlines (5 of 6 recent articles bullish)

Primary Risks:

  • Bearish MACD crossover (-7.16 vs signal +1.34) signals momentum deterioration
  • Price trading below key moving averages (50-day SMA at $362.95, 200-day at $397.69)
  • Volume contraction (-40.24% VROC) suggests weakening institutional demand
  • Current price ($357.84) caught between support/resistance with limited clarity

Technical Analysis

Trend Direction

Short-term (1-4 weeks): MIXED/WEAKENING

  • Price at $357.84 trades above SMA 20 ($350.18) but below SMA 50 ($362.95)
  • EMA 12 ($344.93) below EMA 26 ($352.10) indicates short-term momentum loss
  • ADX (14) at 11.75 signals a range-bound regime with no strong directional conviction
  • Williams %R at -26.02 suggests mild oversold conditions but within neutral territory

Medium-term (1-3 months): BEARISH

  • Price significantly below SMA 200 ($397.69), a -9.9% gap
  • MACD histogram deeply negative (-8.50) with signal line below zero-line crossover
  • SMA 50 declining relative to SMA 200, suggesting deteriorating medium-term trend
  • Recent rally appears to be exhaustion within a larger downtrend from $397.69 highs

Long-term (3-12 months): CONSTRUCTIVE BUT CAUTIOUS

  • Despite recent weakness, stock is up 50%+ YTD (per Motley Fool article dated 2026-07-13)
  • Low beta (0.42) suggests long-term institutional positioning for defensive exposure
  • Oil correlation (oil +84% Q1 2026) provides fundamental tailwind for land/mineral rights company

Support/Resistance Levels

RESISTANCE (Upside):

  • Immediate: $365-370 (50-day SMA confluence)
  • Significant: $379.16 (Bollinger Band upper bound)
  • Major: $397.69 (200-day SMA, prior swing high)
  • Structural: $410+ (2026 YTD highs implied from 50% rally)

SUPPORT (Downside):

  • Immediate: $350.18 (20-day SMA, current support level)
  • Critical: $344.93 (EMA 12 - break would signal momentum deterioration)
  • Major: $321.20 (Bollinger Band lower bound)
  • Structural: $300-310 range (30-40% below current, likely 2025 support)

Momentum Signals

RSI (14): 52.62 - NEUTRAL

  • Position directly at midpoint (50) indicates balanced buyer/seller pressure
  • Neither overbought (>70) nor oversold (<30)
  • Suggests limited momentum extremes; stock in equilibrium state
  • Interpretation: No immediate reversal signal; momentum could extend in either direction

MACD: BEARISH CROSSOVER

  • MACD line (-7.16) deeply below signal line (+1.34), gap of -8.50 histogram
  • Configuration indicates negative momentum with potential for further deterioration
  • Signal line positive but MACD negative suggests momentum turning corner downward
  • Interpretation: Bearish until MACD crosses back above signal line (bullish reversal not yet visible)

Bollinger Bands: NEUTRAL/COMPRESSION

  • Upper: $379.16 | Middle: $350.18 | Lower: $321.20
  • Width of 16.55 is moderate—not in squeeze (would be <$10) nor extreme expansion
  • Price ($357.84) positioned slightly above middle band but well below upper
  • Band position suggests mean reversion risk toward $350.18 middle rather than breakout potential
  • Interpretation: Environment more conducive to sideways range-trading than directional breakout

Stochastic Oscillators: MIXED

  • %K: 49.35 / %D: 32.74 (K above D, but both in neutral zone)
  • Configuration suggests slow momentum building but not yet overbought
  • Divergence between K and D creates potential for upside move if K sustains above D
  • Interpretation: Mild upside bias potential, but weak confirmation given MACD weakness

Volume Analysis

Volume Rate of Change: -40.24% - SIGNIFICANT WEAKNESS

  • Volume SMA 20: 396,923 shares
  • Current volume declining sharply vs recent average
  • Red Flag: Volume contraction during price consolidation typically indicates weakening conviction
  • Interpretation suggests institutional accumulation phase has paused or reversed

On-Balance Volume: 738,402.90

  • Positive OBV indicates cumulative buying pressure historically, BUT in context of declining VROC
  • OBV is lagging indicator; current volume decline suggests OBV may reverse lower soon
  • Pattern: Strong institutional buying earlier (OBV accumulated) now stalling

Put/Call Volume Ratio: 0.83 - NEUTRAL

  • 145 calls vs 121 puts shows slight call bias
  • Ratio near 1.0 (0.83) indicates balanced sentiment, not extreme positioning
  • Open Interest skews bullish: 530 calls vs 320 puts (OI ratio 1.66)
  • Interpretation: Market participants not panicked (low puts), but recent buyers not aggressive either

Institutional Interest Signal:

  • Volume contraction (-40.24%) combined with low beta (0.42) suggests rotation out of defensive trades
  • Recent oil rally (+84%) likely drove institutional TPL accumulation; current volume decline may indicate profit-taking
  • Low correlation to SPY (0.11) means TPL moves independently—volume signals are stock-specific, not market-driven

News & Sentiment Analysis

Recent Headlines Summary

Positive Sentiment (5 of 6 articles):

  1. "Why Texas Pacific Land Corporation Rallied Over 50% in the First Half of 2026" (Motley Fool, 2026-07-13)

    • Directly explains the 50%+ YTD rally mentioned throughout data
    • Most recent headline; provides recent context for strength
    • Timing suggests this article published at or near recent peak

  2. "Oil Up 84%, Bitcoin Down 23%: Q1 2026 Turns The Playbook Upside Down" (Benzinga, 2026-04-02)

    • Oil market context (oil +84% Q1 2026) is TPL's primary fundamental driver
    • Establishes direct causal link between commodity tailwind and stock performance
    • Suggests TPL as beneficiary of energy market reversal

  3. "The S&P 500 3 Best-Performing Stocks So Far in 2026" (Investing.com, 2026-03-16)

    • TPL explicitly called out as best-performer
    • Validates YTD outperformance vs. broader market
    • Timing (March 16) suggests TPL momentum established mid-year

  4. "Why Stock-Split Stock Texas Pacific Land Corporation Beat the Market Today" (Motley Fool, 2026-02-24)

    • References stock split as tactical catalyst
    • Early 2026 article indicates momentum started in Feb
    • "Beat the market" language shows relative strength

  5. **"Moderna, Coinbase, And Global Payments Are Among Top 10 Large-Cap Gainers Last Week"

Generated
Earnings History
5 of 7 under expected move
Avg Expected Move
7.53%
Avg Actual Move
4.66%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2024-11-06 After-Close 6.44% 0.43% 0.07x Within
2025-05-07 After-Close 8.02% 4.16% 0.52x Within
2025-08-06 After-Close 7.00% 8.75% 1.25x Exceeded
2025-11-05 Pre-Market 8.92% 0.51% 0.06x Within
2026-02-18 After-Close 5.82% 10.40% 1.79x Exceeded
2026-05-06 After-Close 7.42% 4.92% 0.66x Within
2026-08-05 Pre-Market 9.10% 3.45% 0.38x Within

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

TPL Options Activity & IV Rank

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

Volatility Metrics

Current IV: 47.1%
7-DTE IV: —
Expected Move: $40.55
7-DTE Move: $3.17
Days to Exp: 35 (2026-11-20)

Options Flow

Call Volume: 263
Put Volume: 230
P/C Volume: 0.875
NEUTRAL
Call OI: 955
Put OI: 674
P/C OI: 0.706
Total OI: 1,629

ATM Options Pricing

ATM Call: $20.90
ATM Put: $19.65
Call %: 6.0%
Put %: 5.6%

Chain Summary

Chain Volume: 2,507
Chain OI: 27,048
Last Updated: 10/16/2026
Spread Scanner GPU
Full Algorithm Docs ↗

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

Stage 1 — Base Score (GPU scanner)

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

Stage 2 — Skew Adjustment (±25% cap)

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

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

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

Enter a ticker to scan for optimal spread opportunities.

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

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 39th 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
39%
vs own history
GEX tilt
-0.22
OI-weighted, today
Vanna tilt
-0.04
δ-sensitivity to IV
Charm tilt
-0.06
δ-decay vs time

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.

· 34 ATM contracts, 7k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d 55%
+4.4 pts EXTREME
ATM 47.0% / Wing 51.4%

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)56.1MediumOct 16
Straddle Price (30 DTE)$40.55Oct 16
Beta Analysis

Risk Metrics

Beta: 0.3945
Alpha: 17.31%
Correlation: 0.1036
R-Squared: 1.1%
Stock Volatility: 48.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

TPL Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 69,025,697 (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.

903 filers58,003,703 shares$24.20B value84.03% of float
# Filer Shares Value % of Total % of Float Period
1 HORIZON KINETICS ASSET MANAGEMENT LLC 9,802,899 $4.29B 17.73% 14.20% 2026-06-30
2 BlackRock, Inc. Custodian 5,296,254 $2.32B 9.58% 7.67% 2026-06-30
3 Vanguard Group Inc Custodian 7,556,966 $2.17B 8.97% 10.95% 2025-12-31
4 State Street Corp 3,964,748 $1.74B 7.17% 5.74% 2026-06-30
5 Vanguard Capital Management LLC 3,808,863 $1.67B 6.89% 5.52% 2026-06-30
6 Vanguard Portfolio Management LLC 3,184,079 $1.39B 5.76% 4.61% 2026-06-30
7 Geode Capital Management, LLC Custodian 1,646,584 $717.94M 2.97% 2.39% 2026-06-30
8 FIRST MANHATTAN CO. LLC. 1,064,741 $465.97M 1.93% 1.54% 2026-06-30
9 SoftVest Advisors, LLC 1,062,099 $464.82M 1.92% 1.54% 2026-06-30
10 Morgan Stanley Custodian 972,321 $425.53M 1.76% 1.41% 2026-06-30
11 Invesco Ltd. Custodian 715,743 $313.24M 1.29% 1.04% 2026-06-30
12 Charles Schwab Investment Management, Inc. 647,812 $283.51M 1.17% 0.94% 2026-06-30
13 Pacific Heights Asset Management LLC 590,000 $258.21M 1.07% 0.85% 2026-06-30
14 Northern Trust Corp Custodian 540,628 $236.60M 0.98% 0.78% 2026-06-30
15 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 477,430 $208.94M 0.86% 0.69% 2026-06-30
16 UBS Group AG Custodian 445,744 $195.08M 0.81% 0.65% 2026-06-30
17 Dimensional Fund Advisors LP Custodian 442,988 $193.80M 0.80% 0.64% 2026-06-30
18 SCHWARTZ INVESTMENT COUNSEL INC 413,457 $180.95M 0.75% 0.60% 2026-06-30
19 Legal & General Group Plc Custodian 350,454 $153.37M 0.63% 0.51% 2026-06-30
20 Bank of New York Mellon Corp Custodian 340,777 $149.14M 0.62% 0.49% 2026-06-30
21 Vanguard Fiduciary Trust Co 333,823 $146.09M 0.60% 0.48% 2026-06-30
22 Goldman Sachs Group Inc Custodian 318,614 $139.44M 0.58% 0.46% 2026-06-30
23 Tidal Investments LLC 310,603 $135.93M 0.56% 0.45% 2026-06-30
24 TD Asset Management Inc 303,908 $133.00M 0.55% 0.44% 2026-06-30
25 Amundi Custodian 290,162 $126.99M 0.52% 0.42% 2026-06-30
20 filers$744.61M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $210.59M 28.28% 2026-06-30
2 Susquehanna International Group, LLP Custodian $144.46M 19.40% 2026-06-30
3 Citadel Advisors LLC Custodian $128.05M 17.20% 2026-06-30
4 IMC-Chicago, LLC Custodian $99.61M 13.38% 2026-06-30
5 Walleye Trading LLC $52.21M 7.01% 2026-06-30
6 PEAK6 LLC $29.76M 4.00% 2026-06-30
7 D. E. Shaw & Co., Inc. Custodian $21.97M 2.95% 2026-06-30
8 Simplex Trading, LLC Custodian $16.85M 2.26% 2026-06-30
9 Squarepoint Ops LLC $8.45M 1.13% 2026-06-30
10 GROUP ONE TRADING LLC Custodian $7.18M 0.96% 2026-06-30
11 Point72 Asset Management, L.P. $5.03M 0.68% 2026-06-30
12 Wolverine Trading, LLC Custodian $4.79M 0.64% 2025-09-30
13 Twin Tree Management, LP $3.94M 0.53% 2026-06-30
14 JPMorgan Chase & Co Custodian $3.36M 0.45% 2026-06-30
15 Millennium Management LLC Custodian $2.06M 0.28% 2026-06-30
16 TUDOR INVESTMENT CORP ET AL $1.88M 0.25% 2026-06-30
17 UBS Group AG Custodian $1.79M 0.24% 2026-06-30
18 Tidal Investments LLC $1.62M 0.22% 2026-06-30
19 Two Sigma Investments, LP Custodian $962.81K 0.13% 2026-06-30
20 Walleye Capital LLC $43.76K <0.01% 2026-06-30
20 filers$444.55M notional
# Filer Notional Value % of Total Period
1 SoftVest Advisors, LLC $210.15M 47.27% 2026-06-30
2 Jane Street Group, LLC Custodian $61.01M 13.72% 2026-06-30
3 Susquehanna International Group, LLP Custodian $60.44M 13.60% 2026-06-30
4 GROUP ONE TRADING LLC Custodian $31.73M 7.14% 2026-06-30
5 IMC-Chicago, LLC Custodian $22.54M 5.07% 2026-06-30
6 Citadel Advisors LLC Custodian $17.29M 3.89% 2026-06-30
7 Walleye Trading LLC $14.14M 3.18% 2026-06-30
8 Wolverine Trading, LLC Custodian $5.98M 1.35% 2025-09-30
9 D. E. Shaw & Co., Inc. Custodian $4.03M 0.91% 2026-06-30
10 Point72 Asset Management, L.P. $3.72M 0.84% 2026-06-30
11 Squarepoint Ops LLC $2.67M 0.60% 2026-06-30
12 Millennium Management LLC Custodian $2.58M 0.58% 2026-06-30
13 Simplex Trading, LLC Custodian $2.06M 0.46% 2026-06-30
14 Blue Trust, Inc. $1.87M 0.42% 2026-06-30
15 Two Sigma Investments, LP Custodian $1.36M 0.31% 2026-06-30
16 TUDOR INVESTMENT CORP ET AL $1.09M 0.25% 2026-06-30
17 Twin Tree Management, LP $1.01M 0.23% 2026-06-30
18 Walleye Capital LLC $481.40K 0.11% 2026-06-30
19 Raymond James Financial, Inc. Custodian $296.00K 0.07% 2026-06-30
20 Larson Financial Group LLC $112.78K 0.03% 2026-06-30

TPL Insider Trading (Form 4)

Latest: 2026-10-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-01 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +4 $340.96 $1.4K EDGAR
2026-09-29 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $339.72 $340 EDGAR
2026-09-29 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $340.12 $340 EDGAR
2026-09-25 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $340.28 $340 EDGAR
2026-09-24 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $352.95 $353 EDGAR
2026-09-23 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $361.36 $361 EDGAR
2026-09-22 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $348.98 $349 EDGAR
2026-09-21 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $351.34 $351 EDGAR
2026-09-18 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $349.35 $349 EDGAR
2026-09-17 Peter Doyle Director Buy (P) +5 $371.64 $1.9K EDGAR
2026-09-17 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $352.36 $352 EDGAR
2026-09-16 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $370.59 $371 EDGAR
2026-09-15 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $371.73 $372 EDGAR
2026-09-14 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $367.88 $368 EDGAR
2026-09-11 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner Buy (P) +1 $366.18 $366 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.

TPL Insider Holdings

15 insiders · @ $350.92
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 HORIZON KINETICS ASSET MANAGEMENT LLC 10%+ Owner 3,364,743 $1.18B $38.94M 1298 2026-10-01
2 Peter Doyle Director 158,227 $55.53M $3.4K 3 2026-09-17
3 Tyler Glover President & CEO 43,233 $15.17M $361.0K 14 2026-02-18
4 Murray Stahl Director 25,808 $9.06M $25.10M 432 2026-01-07
5 Eric L Oliver Director 23,517 $8.25M $1.20M 8 2025-08-22
6 Chris Steddum Chief Financial Officer 12,870 $4.52M -$3.05M 15 2026-06-09
7 Micheal W. Dobbs Senior VP, Secretary and GC 7,591 $2.66M -$1.65M 13 2026-02-18
8 Donna E Epps Director 3,816 $1.34M $856 7 2026-02-27
9 Rhys J Best Director 3,299 $1.16M $126.2K 6 2026-01-07
10 Robert M. Roosa Director 3,119 $1.09M $492.4K 5 2026-01-07
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.

TPL Proposed Insider Sales (Form 144)

Latest: 2026-09-17
Last 30d: 1 filing · $75K notice value  ·  Last 90d: 1 filing · $75K notice value · 1 unique filer

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: Horizon Kinetics Asset Management LLC (1, $75K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-09-17 Horizon Kinetics Asset Management LLC 10% Stockholder 250 $74.9K 2026-09-17 ITGI Virtu — EDGAR
2026-06-12 HORIZON KINETICS ASSET MANAGEMENT LLC 10% Stockholder 60 $22.2K 2026-06-15 ITGI Virtu — EDGAR
2026-06-05 Chris Steddum Affiliate 4,000 $1.63M 2026-06-05 J.P. Morgan Securities LLC 10b5-1 EDGAR
2026-02-26 Donna Epps Director 895 $458.7K 2026-02-25 Ameriprise Financial Services, L… — EDGAR
2025-03-14 Chris Steddum Affiliate 1,000 $1.25M 2025-03-12 J.P. Morgan Securities LLC 10b5-1 EDGAR
2025-03-13 Micheal W. Dobbs Senior VP, Secretary and GC 1,150 $1.55M 2025-03-13 ETRADE Financial Corporation — EDGAR
2025-02-25 Donna E. Epps Director 275 $355.8K 2025-02-25 Ameriprise Financial Services, L… — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-18
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-05-18 0001811074-26-000040 EDGAR
2026-05-06 0001811074-26-000033 EDGAR
2026-04-09 0001104659-26-041495 EDGAR
2026-02-18 0001811074-26-000016 EDGAR
2025-12-17 0001104659-25-121822 EDGAR
2025-12-02 0001104659-25-117726 EDGAR
2025-11-12 0001104659-25-110352 EDGAR
2025-11-05 0001811074-25-000094 EDGAR
2025-10-27 0001104659-25-102617 EDGAR
2025-08-27 0001104659-25-084084 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-18 0001811074-26-000018 EDGAR
2025-02-19 0001811074-25-000044 EDGAR
2024-02-21 0001811074-24-000015 EDGAR
2023-02-22 0001811074-23-000014 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-05-06 0001811074-26-000035 EDGAR
2025-11-05 0001811074-25-000096 EDGAR
2025-08-06 0001811074-25-000077 EDGAR
2025-05-07 0001811074-25-000060 EDGAR
2024-11-06 0001811074-24-000061 EDGAR
2024-08-07 0001811074-24-000049 EDGAR
2024-05-08 0001811074-24-000031 EDGAR
2023-11-01 0001811074-23-000053 EDGAR
2023-08-02 0001811074-23-000041 EDGAR
2023-05-03 0001811074-23-000025 EDGAR
ETF Holders
236 ETFs hold TPL
25 shown · $4.35B total exposure · 0.07% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.03% $678.1M — 2026-09-30
2 VOO Vanguard S&P 500 ETF Vanguard 0.03% $501.6M — 2026-09-30
3 XLE State Street® Energy Select Sector SPDR® ETF SPDR (State Street) 1.01% $446.6M $44.2B 2026-10-14
4 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.03% $276.7M $890.0B 2026-10-14
5 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.03% $253.9M $812.7B 2026-10-14
6 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.14% $240.3M — 2026-09-30
7 VO Vanguard Morningstar Mid-Cap ETF Vanguard 0.11% $228.6M — 2026-09-30
8 VUG Vanguard Morningstar Growth ETF Vanguard 0.05% $201.5M — 2026-09-30
9 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.19% $187.3M — 2026-10-14
10 VBK Vanguard Morningstar Small-Cap Growth ETF Vanguard 0.30% $133.6M — 2026-09-30
11 IWP iShares Russell Mid-Cap Growth ETF iShares (BlackRock) 0.61% $117.7M $19.4B 2026-10-14
12 XOP State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF SPDR (State Street) 2.47% $109.6M $4.4B 2026-10-14
13 VIG Vanguard Dividend Appreciation ETF Vanguard 0.08% $108.1M — 2026-09-30
14 GRNY Fundstrat Granny Shots US Large Cap ETF Nport 2.37% $103.9M — 2026-04-30
15 SDVY First Trust SMID Cap Rising Dividend Achievers ETF First Trust 0.82% $88.8M $10.8B 2026-10-14
16 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.16% $87.2M $56.8B 2026-10-14
17 VOT Vanguard Morningstar Mid-Cap Growth ETF Vanguard 0.25% $83.8M — 2026-09-30
18 VDE Vanguard Energy ETF Vanguard 0.64% $81.2M — 2026-09-30
19 IWF iShares Russell 1000 Growth ETF iShares (BlackRock) 0.06% $78.9M $127.6B 2026-10-14
20 INFL Horizon Kinetics Inflation Beneficiaries ETF Nport 5.06% $74.6M — 2026-06-30
21 SCHM Schwab U.S. Mid-Cap ETF Nport 0.42% $61.5M — 2026-05-31
22 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.03% $57.2M $183.2B 2026-10-14
23 QUAL iShares MSCI USA Quality Factor ETF iShares (BlackRock) 0.11% $53.8M $49.0B 2026-10-14
24 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.06% $48.9M — 2026-10-14
25 SCHG Schwab U.S. Large-Cap Growth ETF Nport 0.08% $48.5M — 2026-05-31
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
44.76
TTM Diluted EPS
$7.84
TTM Revenue
$897.54M
TTM Net Income
$541.42M
TTM Op. Cash Flow
$603.15M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$246.06M$153.93M$2.23$172.86M
Q1 '262026-03-31$236.82M$142.90M$2.07$162.01M
Q4 '252025-12-31$211.58M$123.35M$1.78$113.67M
Q3 '252025-09-30$203.09M$121.24M$1.76$154.61M
Q2 '252025-06-30$187.54M$116.14M$1.68$120.90M
Q1 '252025-03-31$195.98M$120.65M$1.75$156.73M
Q4 '242024-12-31$185.78M$118.36M$1.71$126.58M
Q3 '242024-09-30$173.56M$106.59M$1.54$118.56M
Q2 '242024-06-30$172.33M$114.59M$1.66$98.29M
Q1 '242024-03-31$174.14M$114.42M$1.66$147.24M
Q4 '232023-12-31$166.66M$113.11M$1.64$111.43M
Q3 '232023-09-30$157.97M$105.57M$1.53$107.59M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
44.76
P/B
14.48
P/S
26.99
EV/EBITDA
32.39
EV/Sales
26.71
ROE
32.4%
ROA
29.1%
Div Yield
0.66%
FCF Yield
2.49%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$24.22B
as of 2026-10-16
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
4.23M
SI % of Float
7.21%
Days to Cover
8.89
Short Vol Ratio
60.0%
Free Float
58.64M
Float %
85.0%
Short interest 2026-09-30 • Short volume 2026-10-16 • Float 2026-09-10