54 /100
HIGH RISK
Score updated Apr 13, 2026

BTAI

BioXcel Therapeutics, Inc. — Stock Dilution Tracker

Track BTAI dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

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📊 Score Breakdown
📋 Offering Ability
40
💰 Cash Runway
65
📊 Float Risk
25
⚠️ Warrant Exposure
70
🔄Convertible Debt
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
43%
📜 Warrant Exercise 50%
• Massive warrant overhang: 32% of shares outstanding
• Elevated warrant risk score (70/100)
🔄 Reverse Split 40%
• 50-day avg $1.49 approaching $1 threshold
• 9 months cash with weak price
💰 Capital Raise 33%
• Under 12 months cash (9mo)
• Active ATM program with $62M remaining capacity
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💹 Market Data
Market Cap$28.70M
Shares Outstanding27.07M
Float24.67M
Cash$28.41M
Debt$109.66M
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↑ 50.7% shares (2025Q4 vs prior)
45 institutional holders · 3.55M shares
#1 MILLENNIUM MANAGEMENT LLC 1.84M shares
#2 VANGUARD GROUP INC 292.8K shares
#3 OAKTREE CAPITAL MANAGEMENT LP 241.2K shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest3.31M
Days to Cover4.6
% of Float13.4%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL WARRANT Dec 31, 2025
4 INSIDER TRANSACTION Mar 16, 2026
4 INSIDER TRANSACTION Mar 16, 2026
4 INSIDER TRANSACTION Mar 16, 2026
4 INSIDER TRANSACTION Mar 16, 2026
Full SEC filing analysis available with free account
📰 Recent News
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