MRLN · Merlin, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These measures may significantly alter our future business plans and could cause significant delays in the development of our products and ultimately our financial condition and ability to operate as a going concern in future periods.”View the 10-Q filed Aug 14, 2026
Key customers — 90% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026 and 2025, the Company generated $1,002 and $868 in revenue, with a significant amount (> 90%) of this revenue coming from the U.S. government (refer to Note 4. Revenue Recognition from Contracts with Customers for further information).”
Shares sold short and not yet covered, reported twice monthly. Days to cover is the reported short position divided by average daily volume.
Expected Aug 14 short interest
as of Aug 14Peer-relative percentile rank across all stocks reporting short interest at the latest settlement date (2026-07-31). Weighted mean of the available factors (short interest 30%, days to cover 20%, price vs VWAP 15%, short-volume trend 15%, short-interest change 10%, fails-to-deliver 10%) plus catalyst boosts (price spike, volume surge, earnings within days), capped at +20 and clamped to 100.
Short Interest History
| Settlement Date | Current Position | Previous Position | Change | Days to Cover |
|---|---|---|---|---|
|
2026-08-31
Scheduled
FINRA publishes Sep 10
|
— | — | — | — |
|
2026-08-14
Scheduled
FINRA publishes Aug 25
|
— | — | — | — |
| 2026-07-31 | 8,857,311 | 7,263,000 | +1,594,311 | 6.05 |
| 2026-07-15 | 7,263,000 | 6,575,764 | +687,236 | 4.43 |
| 2026-06-30 | 6,575,764 | 5,659,022 | +916,742 | 2.29 |
| 2026-06-15 | 5,659,022 | 3,246,691 | +2,412,331 | 1.00 |
| 2026-05-29 | 3,246,691 | 2,554,171 | +692,520 | 1.81 |
| 2026-05-15 | 2,554,171 | 2,389,574 | +164,597 | 1.69 |
| 2026-04-30 | 2,389,574 | 2,148,970 | +240,604 | 1.78 |
| 2026-04-15 | 2,148,970 | 1,022,525 | +1,126,445 | 1.31 |
| 2026-03-31 | 1,022,525 | 50,757 | +971,768 | 1.00 |