What is PEN's dilution risk score?

PEN currently has a DilutionScore of 11/100, indicating low dilution risk. DilutionWatch monitors PEN SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

What SEC filings does DilutionWatch track for PEN?

DilutionWatch tracks 25 SEC filing types for PEN including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect PEN shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For PEN, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for PEN tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for PEN. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

PEN Dilution Risk Score: 11/100 (LOW)

📊 Score Breakdown

📋 Offering Ability

20

💰 Cash Runway

0

📊 Float Risk

10

⚠️ Warrant Exposure

15

🔄Convertible Debt—

🌦️ Dilution Forecast

☀️

Clear

No significant dilution signals

0%

No significant dilution signals detected for PEN.

🔔 Track PEN — Get forecast alerts →

💹 Market Data

Market Cap$12.52B

Shares Outstanding39.33M

Float38.23M

Cash$241.29M

DebtN/A

Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 3.8% shares (2026Q1 vs prior)

484 institutional holders · 38.80M shares

#1 BlackRock, Inc. 4.33M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 3.39M shares

#3 VANGUARD PORTFOLIO MANAGEMENT LLC 1.65M shares

+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest2.04M

Days to Cover5.1

% of Float5.3%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL WARRANT Jul 07, 2026

xbrl XBRL CONVERTIBLE Dec 31, 2015

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for PEN Shareholders

Penumbra, Inc. (PEN) has a DilutionScore of 11/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 13, 2026.

DilutionWatch tracks 211,138 outstanding warrants for PEN. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window.

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

Warrants Explained →