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37 /100
MEDIUM RISK
Score updated Oct 13, 2026

NOA — North American Construction Group Ltd. Dilution Risk Tracker

Track NOA 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, North American Construction Group Ltd. (NOA) has a DilutionWatch DilutionScore of 37/100, rated MEDIUM dilution risk. North American Construction Group Ltd. has a market capitalization of $388.85M, 33.15M shares outstanding, 77 institutional holders tracked.

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
22
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for NOA.
🔔 Track NOA — Get forecast alerts →

Market Data

Market Cap$388.85M
Shares Outstanding33.15M
Float24.91M
Cash$32.35M
Debt$48.50M
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
DilutionScore37/100DilutionWatch score record
Shares Outstanding33.15MVerified float table or market cache
Public Float24.91MVerified float table or market cache
Market Cap$388.85MMarket data cache
Cash RunwayNot availableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-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: ↓ 4.4% shares (2026Q1 vs prior)
77 institutional holders · 17.48M shares
#1 BANK OF MONTREAL /CAN/ 2.89M shares
#2 Claret Asset Management Corp 2.05M shares
#3 CIBC Asset Management Inc 1.46M 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 Interest488.4K
Days to Cover5.5
% of Float2.0%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2022-02-16
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NOA Dilution Snapshot

North American Construction Group Ltd. (NOA) has a DilutionScore of 37/100, 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

NOA's DilutionScore has held steady at 37/100 (Medium risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202637/100MEDIUM89 days

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

Share Dilution History

NOA shares outstanding have decreased 2.3% from 29.07M (Mar 2026) to 28.41M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 15, 202628.41M24.91M▲ 0.47%
May 03, 202628.41M24.80M▼ 0.04%
Mar 20, 202627.64M24.81M▼ 0.02%
Mar 17, 202629.07M24.82M▼ 0.13%
Mar 14, 202629.07M24.85M▼ 4.19%

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

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