37 /100
MEDIUM RISK
Score updated Jul 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 July 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 $374.83M, 33.15M shares outstanding, 77 institutional holders tracked.

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

📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
40
📊 Float Risk
22
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
0%
No significant dilution signals detected for NOA.
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💹 Market Data

Market Cap$374.83M
Shares Outstanding33.15M
Float24.91M
Cash$32.35M
Debt$48.50M
Short InterestN/A

🏛 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 →

📉 Short Interest

Short Interest317.0K
Days to Cover2.9
% of Float1.3%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Dec 31, 2020
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for NOA Shareholders

North American Construction Group Ltd. (NOA) has a DilutionScore of 37/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for NOA shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for NOA in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for NOA alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

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Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.