Forward Air FWRD
$16.64 −$0.29 (-1.71%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $17.00 +2.16%
Open$16.93
Prev close$16.93
Day range$16.61 – $18.10
Volume355.3K
Market cap$562.11M
P/E (TTM)–
Dividend yield–
Ownership & positioning
Who holds it, who is betting against it, and where the big money is moving
Institutional ownership93.5%-4.25 pts vs. prior quarter
Institutions holding219-6 vs. prior quarter
Insider trades (recent)28 buys / 19 sellsNet buying
Short interest5.34% of floatDays to cover 4.7 · as of 15 Oct 2026
Short-sale volume share12.0%5-day average of daily volume
Short-sale volume as % of daily volume
Large-order net flow, last 20 sessions
Net of large-order buying minus selling, in USD. Over this window: −$351.9K (5 inflow days, 15 outflow days).
Net flow by order size, last 20 sessions
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 32.5% of shares outstanding.
Largest holders
By investor type
Reported short interest has fallen from 7.29% to 5.34% of float over the last 6 biweekly reports (31 Jul 2026 to 15 Oct 2026).
Recent institutional activity
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Bracebridge Capital, LLC | Hedge Fund | 2026/Q3 | +203,592 | 4.8% |
| D. E. Shaw & Co., L.P. | Hedge Fund | 2026/Q3 | +1,000,105 | 3.0% |
| FMR | Mutual Fund | 2026/Q3 | +906,654 | 5.9% |
| Barclays Bank Plc | Private Company | 2026/Q3 | +698,798 | 2.1% |
| Qube Research & Technologies Ltd | Mutual Fund | 2026/Q3 | +565,049 | 1.7% |
| Deutsche Bank Aktiengesellschaft | Public Company | 2026/Q3 | +474,486 | 1.4% |
| Timucuan Asset Management Inc | Mutual Fund | 2026/Q3 | +398,551 | 1.2% |
| Hudson River Trading LLC | Private Company | 2026/Q3 | +378,769 | 2.3% |
| Diameter Capital Partners LP | Hedge Fund | 2026/Q3 | +350,000 | 1.0% |
| Canadian Imperial Bank of Commerce | Public Company | 2026/Q3 | +337,866 | 3.2% |
| Millennium Management LLC | Hedge Fund | 2026/Q3 | +319,099 | 1.2% |
| Tudor Investment Corporation | Hedge Fund | 2026/Q3 | +295,964 | 1.0% |
| Marshall Wace LLP | Hedge Fund | 2026/Q3 | +248,387 | 0.7% |
| Landscape Capital Management, LLC | Hedge Fund | 2026/Q3 | +221,124 | 0.7% |
| LMR Partners LLP | Hedge Fund | 2026/Q3 | +192,663 | 0.6% |
Institutional buy/sell activity by reporting period, largest moves first.
Insider transactions
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 17 Jun 2026 | Christine Gorjanc | Independent Chairperson | Other Acquisition | +9,545 | – | 22,940 |
| 17 Jun 2026 | Dale Boyles | Independent Director | Other Acquisition | +9,545 | – | 22,940 |
| 17 Jun 2026 | Paul Svindland | Lead Independent Director | Other Acquisition | +9,545 | – | 15,977 |
| 28 Apr 2026 | Shawn Stewart | Chief Executive Officer | Sale to Issuer | -4,136 | $21.51 | 144,030 |
| 15 Mar 2026 | Jamie Pierson | Chief Financial Officer | Other Acquisition | +5,732 | – | 91,884 |
| 15 Mar 2026 | Shawn Stewart | Chief Executive Officer | Other Acquisition | +18,692 | – | 148,166 |
| 14 Mar 2026 | Michael Hance | Chief Legal Officer | Sale to Issuer | -5,737 | $16.05 | 69,695 |
| 14 Mar 2026 | Timothy Osborne | Former President of U.S. & Canada Operations | Sale to Issuer | -2,592 | $16.05 | 23,831 |
| 18 Feb 2026 | Jamie Pierson | Chief Financial Officer | Sale to Issuer | -1,662 | $27.78 | 86,152 |
| 18 Feb 2026 | Jamie Pierson | Chief Financial Officer | Other Acquisition | +20,698 | – | 86,152 |
| 18 Feb 2026 | Michael Hance | Chief Legal Officer | Sale to Issuer | -946 | $27.78 | 51,869 |
| 18 Feb 2026 | Michael Hance | Chief Legal Officer | Other Acquisition | +10,799 | – | 44,355 |
| 18 Feb 2026 | Jérôme Lorrain | Director | Other Acquisition | +10,799 | – | 22,167 |
| 18 Feb 2026 | James Faught | Chief Accounting Officer | Sale to Issuer | -362 | $27.78 | 7,952 |
| 18 Feb 2026 | James Faught | Chief Accounting Officer | Other Acquisition | +2,340 | – | 7,952 |
| 18 Feb 2026 | Douglas Smith | Chief Human Resources Officer | Sale to Issuer | -516 | $27.78 | – |
| 18 Feb 2026 | Douglas Smith | Chief Human Resources Officer | Other Acquisition | +5,850 | – | – |
| 18 Feb 2026 | Shawn Stewart | Chief Executive Officer | Sale to Issuer | -3,214 | $27.78 | 129,474 |
| 18 Feb 2026 | Shawn Stewart | Chief Executive Officer | Other Acquisition | +43,197 | – | 129,474 |
| 18 Feb 2026 | Jessica Herren | Former Chief Solutions Design & Customer Experience Officer | Sale to Issuer | -436 | $27.78 | 10,599 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
Short interest, by report
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1,802,395 | 5.3% | 4.7 |
| 30 Sep 2026 | 2,118,809 | 6.3% | 3.7 |
| 15 Sep 2026 | 2,163,196 | 6.4% | 4.3 |
| 31 Aug 2026 | 2,108,147 | 6.2% | 4.6 |
| 14 Aug 2026 | 2,075,886 | 6.1% | 3.0 |
| 31 Jul 2026 | 2,304,283 | 7.3% | 2.8 |
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