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31 /100
MEDIUM RISK
Score updated Oct 13, 2026

NODK — NI Holdings, Inc. Dilution Risk Tracker

Track NODK 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, NI Holdings, Inc. (NODK) has a DilutionWatch DilutionScore of 31/100, rated MEDIUM dilution risk. NI Holdings, Inc. has a market capitalization of $303.21M, 20.40M shares outstanding, 72 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—
📊 Float Risk
62
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

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

Market Data

Market Cap$303.21M
Shares Outstanding20.40M
Float4.82M
Cash$52.11M
Debt$2.40M
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 Outstanding20.40MVerified float table or market cache
Public Float4.82MVerified float table or market cache
Market Cap$303.21MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch 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: 0.

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: ↑ 9.3% shares (2026Q1 vs prior)
72 institutional holders · 5.67M shares
#1 M3F, Inc. 1.65M shares
#2 Newtyn Management, LLC 670.0K shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 589.6K 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 Interest94.4K
Days to Cover2.5
% of Float2.0%
FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

NODK's DilutionScore has held steady at 31/100 (Medium risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202631/100MEDIUM89 days

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

Share Dilution History

NODK shares outstanding have decreased 0.6% from 20.61M (Mar 2026) to 20.48M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 15, 202620.48M4.82M▼ 0.62%
May 10, 202620.52M4.85M▼ 0.27%
Apr 26, 202620.52M4.86M▼ 2.43%
Apr 17, 202620.52M4.98M▼ 0.26%
Mar 13, 202620.61M5.00M▼ 0.75%
Mar 10, 202620.61M5.03M▼ 1.01%
Mar 08, 202620.61M5.08M▼ 0.33%

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

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