65 /100
HIGH RISK
Score updated Apr 13, 2026

NCLH

Norwegian Cruise Line Holdings Ltd. — Stock Dilution Tracker

Track NCLH 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
95
📊 Float Risk
7
⚠️ Warrant Exposure
15
🔄Convertible Debt
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
30%
💰 Capital Raise 55%
• Critical: only 1.6 months cash remaining
📉 Score Deterioration 10%
• Score in HIGH risk zone (65/100)
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💹 Market Data
Market Cap$9.09B
Shares Outstanding455.55M
Float453.09M
Cash$209.89M
Debt$15.54B
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↑ 1.4% shares (2025Q4 vs prior)
645 institutional holders · 430.25M shares
#1 Capital International Investors 56.18M shares
#2 VANGUARD GROUP INC 52.85M shares
#3 BlackRock, Inc. 38.58M shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest53.44M
Days to Cover2.6
% of Float11.8%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL CONVERTIBLE Dec 31, 2025
Full SEC filing analysis available with free account
📰 Recent News
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