67 /100
HIGH RISK
Score updated Jul 14, 2026

FWDI — Forward Industries, Inc. Dilution Risk Tracker

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

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 14, 2026, Forward Industries, Inc. (FWDI) has a DilutionWatch DilutionScore of 67/100, rated HIGH dilution risk. Forward Industries, Inc. has a market capitalization of $350.99M, 74.68M shares outstanding, 7 institutional holders tracked. Key dilution vectors include approximately 9 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
65
📊 Float Risk
5
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
10%
💰 Capital Raise 15%
• Under 12 months cash (9mo)
📉 Score Deterioration 10%
• Score in HIGH risk zone (67/100)
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💹 Market Data

Market Cap$350.99M
Shares Outstanding74.68M
Float72.54M
Cash$6.02M
DebtN/A
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↓ 46.0% shares (2026Q1 vs prior)
7 institutional holders · 24.33M shares
#1 Galaxy Group Investments LLC 16.22M shares
#2 J Digital 6 LLC 7.95M shares
#3 MORGAN STANLEY 84.5K shares
+ 4 more holders Sign up free to view →

📉 Short Interest

Short Interest4.57M
Days to Cover2.0
% of Float6.3%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Mar 31, 2026
8-K 8K EVENT Apr 17, 2026
4 INSIDER TRANSACTION Apr 17, 2026
3 FORM3 Apr 13, 2026
3 FORM3 Mar 13, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for FWDI Shareholders

Forward Industries, Inc. (FWDI) has a DilutionScore of 67/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 14, 2026, updated from SEC EDGAR data.

Cash runway is a key watch item: FWDI has approximately 9 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.

DilutionWatch tracks over 25 SEC filing types for FWDI in real-time, scanning EDGAR every 60 seconds. Recent 8-K filings are present; material events disclosures can sometimes precede or accompany capital raises. The DilutionWatch screener shows real-time score changes for FWDI alongside comparable high-risk stocks. Not financial advice — this analysis is for informational purposes only.

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