Score Breakdown
Offering Ability
60
Cash Runway—
Float Risk
100
Warrant Exposure
15
Convertible Debt
85
Dilution Forecast
⛈️
Warning
High probability of dilution event
model est. 36%
🔁 Convertible Conversion
model 60%
• Major convertible overhang: 40% potential dilution
• Convertible risk score very high (85/100)
🔄 Reverse Split
model est. 15%
• 52-week low $0.88 has breached $1
📉 Score Deterioration
model 10%
• Score in HIGH risk zone (60/100)
Market Data
Market Cap$4.96M
Shares Outstanding10.29M
Float1.79M
Cash$20.37M
Debt$54.39M
Short InterestN/A
Institutional Holdings
QoQ: ↑ 78.7% shares (2026Q1 vs prior)
13 institutional holders · 125.9K shares
#1
HRT FINANCIAL LP
35.4K shares
#2
MORGAN STANLEY
31.2K shares
#3
DIMENSIONAL FUND ADVISORS LP
19.7K shares
+ 10 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 Interest374.1K
Days to Cover1.3
% of Float20.9%
FINRA data as of Jul 31, 2026
Recent SEC Activity
xbrl
XBRL WARRANT
2025-12-31
xbrl
XBRL CONVERTIBLE
2023-12-31
Full SEC filing analysis available with free account →
Recent News
No recent news
Factual TOPS Dilution Snapshot
Top Ships Inc. (TOPS) has a DilutionScore of 60/100, rated High dilution risk. Score date: August 28, 2026.
- Stored outstanding warrants: 125,896.
- Recent SEC activity tracked for TOPS: xbrl on 2025-12-31; xbrl on 2023-12-31.
- Score coverage note: Cash Runway is marked not applicable or unavailable while debt exceeds cash in stored market data; do not read the overall score as a complete balance-sheet risk assessment.
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.
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📖 Dilution Education
Score Coverage Note
- Cash Runway is marked not applicable or unavailable while debt exceeds cash in stored market data; do not read the overall score as a complete balance-sheet risk assessment.