Features Pricing Learn Reverse Splits Tracker Shelf & ATM Tracker Warrant Tracker PIPE Deal Tracker Weekly Report FAQ API Sign In →
23 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

PENN — PENN Entertainment, Inc. Dilution Risk Tracker

Track PENN 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.

🔔 Track PENN — Get alerts when the score changes →

As of October 13, 2026, PENN Entertainment, Inc. (PENN) has a DilutionWatch DilutionScore of 23/100, rated LOW dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. PENN Entertainment, Inc. has a market capitalization of $2.06B, 134.07M shares outstanding, 375 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
18
💰Cash Runway—
📊 Float Risk
22
⚠️ Warrant Exposure
15
🔄 Convertible Debt
85

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 30%
🔁 Convertible Conversion model 60%
• Major convertible overhang: 74% potential dilution
• Convertible risk score very high (85/100)
🔔 Track PENN — Get forecast alerts →

Market Data

Market Cap$2.06B
Shares Outstanding134.07M
Float124.91M
Cash$887.20M
Debt$2.77B
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
DilutionScore23/100DilutionWatch score record
Shares Outstanding134.07MVerified float table or market cache
Public Float124.91MVerified float table or market cache
Market Cap$2.06BMarket 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: 2.

Recent SEC source mix: XBRL 2.

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: ↑ 27.5% shares (2026Q1 vs prior)
375 institutional holders · 181.70M shares
#1 BARCLAYS PLC 22.67M shares
#2 BlackRock, Inc. 15.69M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 12.05M 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 Interest16.92M
Days to Cover5.1
% of Float13.6%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-02-26
xbrl XBRL WARRANT 2026-02-26
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual PENN Dilution Snapshot

PENN Entertainment, Inc. (PENN) has a DilutionScore of 23/100, rated Low 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

PENN's DilutionScore is currently 23/100 (Low risk), with 2 score changes tracked over 89 days. The score improved from 10/100 (Low risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202623/100LOW53 days
Aug 14 – Aug 21, 202610/100LOW7 days
Jul 16 – Aug 13, 202623/100LOW29 days

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

Share Dilution History

PENN shares outstanding have increased 0.7% from 132.87M (Mar 2026) to 133.74M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 03, 2026133.74M124.90M▲ 0.23%
Mar 27, 2026133.45M124.61M▲ 0.24%
Mar 14, 2026133.45M124.31M▼ 0.03%
Mar 12, 2026133.45M124.34M▼ 0.01%
Mar 05, 2026132.87M124.36M▲ 0.11%
Mar 04, 2026132.87M124.22M▼ 4.82%

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

Track PENN Dilution Risk in Real-Time
DilutionWatch monitors SEC filings 24/7 and alerts you the moment PENN files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.
Start Tracking PENN — Free
Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously

Related Stocks — LOW Risk

Other LOW dilution risk stocks tracked by DilutionWatch with similar profiles:

→ Retail / Meme sector dilution risk overview

Browse all 8,490+ tracked stocks →

📖 Dilution Education
→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

Score Coverage Note