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31 /100
MEDIUM RISK
Score updated Oct 13, 2026

NAT — Nordic American Tankers Limited Dilution Risk Tracker

Track NAT 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 October 13, 2026, Nordic American Tankers Limited (NAT) has a DilutionWatch DilutionScore of 31/100, rated MEDIUM dilution risk. Nordic American Tankers Limited has a market capitalization of $1.86B, 211.75M shares outstanding, 239 institutional holders tracked. Stored dilution-related fields include 833.3K outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
40
📊 Float Risk
2
⚠️ Warrant Exposure
15
🔄 Convertible Debt
40

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 12%
📉 Score Deterioration model 25%
• Score increased 12 points recently (worsening)
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Market Data

Market Cap$1.86B
Shares Outstanding211.75M
Float200.55M
Cash$45.86M
Debt$424.14M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore31/100DilutionWatch score record
Shares Outstanding211.75MVerified float table or market cache
Public Float200.55MVerified float table or market cache
Market Cap$1.86BMarket data cache
Cash Runway16.2 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants833.3KSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 1.

Recent SEC source mix: XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 24.1% shares (2026Q1 vs prior)
239 institutional holders · 125.40M shares
#1 MORGAN STANLEY 18.18M shares
#2 DIMENSIONAL FUND ADVISORS LP 12.19M shares
#3 BlackRock, Inc. 12.02M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest15.48M
Days to Cover3.0
% of Float7.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-04-29
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NAT Dilution Snapshot

Nordic American Tankers Limited (NAT) has a DilutionScore of 31/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NAT's DilutionScore is currently 31/100 (Medium risk), with 3 score changes tracked over 89 days. The score improved from 19/100 (Low risk).

Period Score Risk Level Duration
Oct 13, 202631/100MEDIUM1 day
Oct 07 – Oct 12, 202619/100LOW6 days
Jul 17 – Oct 06, 202622/100LOW81 days
Jul 16, 202623/100LOW1 day

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NAT shares outstanding have decreased 0.0% from 211.75M (Mar 2026) to 211.75M (Apr 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
Apr 26, 2026211.75M200.55M▼ 0.04%
Apr 11, 2026211.75M200.64M▼ 0.92%
Mar 28, 2026211.75M202.49M▼ 0.03%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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