Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$800.2K (8 inflow days, 12 outflow days).
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 23.9% of shares outstanding.
Reported short interest has risen from 1.87% to 2.54% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Donald Smith & Co., Inc. | Mutual Fund | 2026/Q3 | +2,692,069 | 4.3% |
| Ardsley Advisory Partners LP | Hedge Fund | 2026/Q3 | +2,185,000 | 1.2% |
| Centerbook Partners LP | Hedge Fund | 2026/Q3 | +1,631,239 | 1.4% |
| Qube Research & Technologies Ltd | Mutual Fund | 2026/Q3 | +1,150,911 | 0.6% |
| BlackRock | Mutual Fund | 2026/Q3 | +950,848 | 4.1% |
| Tontine Management, LLC | Hedge Fund | 2026/Q3 | +729,353 | 0.9% |
| D. E. Shaw & Co., L.P. | Hedge Fund | 2026/Q3 | +670,558 | 0.5% |
| Goldman Sachs Asset Management, L.P. | Mutual Fund | 2026/Q3 | +477,837 | 0.4% |
| Numeric Investors LLC | Hedge Fund | 2026/Q3 | +476,550 | 0.3% |
| Penn Capital Management Company, LLC | Mutual Fund | 2026/Q3 | +475,726 | 0.3% |
| Marathon Asset Management Limited | Mutual Fund | 2026/Q3 | +350,282 | 0.2% |
| Columbia Management Investment Advisers, LLC | Mutual Fund | 2026/Q3 | +284,170 | 1.3% |
| Integrated Quantitative Investments LLC | Mutual Fund | 2026/Q3 | +279,093 | 0.1% |
| Old West Investment Management, LLC | Mutual Fund | 2026/Q3 | +274,677 | 2.2% |
| Acadian Asset Management LLC | Mutual Fund | 2026/Q3 | +213,463 | 0.2% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 21 Sep 2026 | Francisco López Madrid | Executive Chairperson | Derivative Exercise and Sale | -6,889 | $4.31 | 246,928 |
| 21 Sep 2026 | Francisco López Madrid | Executive Chairperson | Derivative Exercise and Retained | +21,228 | – | 246,928 |
| 13 Aug 2026 | Beatriz Garcia-Cos Muntanola | CFO, IT & Principal Accounting Officer | Open Market Disposition | -599 | $4.30 | 31,693 |
| 13 Aug 2026 | Beatriz Garcia-Cos Muntanola | CFO, IT & Principal Accounting Officer | Derivative Exercise and Sale | -36,784 | $4.63 | 31,693 |
| 22 Mar 2026 | Francisco López Madrid | Executive Chairperson | Open Market Acquisition | +26,000 | $3.86 | 225,700 |
| 17 Mar 2026 | Bruce Crockett | Lead independent director | Initial Statement of Beneficial | +0 | – | 2,527 |
| 17 Mar 2026 | Stuart Eizenstat | Independent Non-Executive Director | Initial Statement of Beneficial | +0 | – | 72,121 |
| 17 Mar 2026 | Francisco López Madrid | Executive Chairperson | Initial Statement of Beneficial | +0 | – | 1,990,110 |
| 17 Mar 2026 | Silvia de Fuentes | Non-Executive Director | Initial Statement of Beneficial | +0 | – | 73,990 |
| 17 Mar 2026 | Manuel Y. Ruano | Non-Executive Director | Initial Statement of Beneficial | +0 | – | 870 |
| 17 Mar 2026 | Marco Levi | Chief Executive Officer | Initial Statement of Beneficial | +0 | – | 1,049,485 |
| 17 Mar 2026 | Benoist Ollivier | Deputy CEO, Chief Technology & Innovation Officer | Initial Statement of Beneficial | +0 | – | 354,621 |
| 17 Mar 2026 | Beatriz Garcia-Cos Muntanola | CFO, IT & Principal Accounting Officer | Initial Statement of Beneficial | +0 | – | 95,024 |
| 17 Mar 2026 | Marta de Amusategui y Vergara | Independent Non-Executive Director | Initial Statement of Beneficial | +0 | – | 78,220 |
| 17 Mar 2026 | Thomas Wiesner | Chief Legal Officer & Company Secretary | Initial Statement of Beneficial | +0 | – | 186,630 |
| 17 Mar 2026 | David Girardeau | Chief Human Resources Officer | Initial Statement of Beneficial | +0 | – | 143,809 |
| 17 Mar 2026 | Benjamin Crespy | Chief Operating Officer | Initial Statement of Beneficial | +0 | – | 203,383 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 4,743,771 | 2.5% | 3.4 |
| 31 Aug 2026 | 3,647,394 | 2.0% | 2.9 |
| 14 Aug 2026 | 2,761,060 | 1.5% | 1.2 |
| 31 Jul 2026 | 3,147,803 | 1.7% | 2.9 |
| 15 Jul 2026 | 2,472,420 | 1.3% | 1.2 |
| 30 Jun 2026 | 3,497,746 | 1.9% | 1.8 |
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