First Merchants (FRME) Short Interest Ratio & Short Volume $37.03 +1.11 (+3.09%) Closing price 04:00 PM EasternExtended Trading$37.03 0.00 (0.00%) As of 04:05 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Short Interest Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock First Merchants Short Interest DataFirst Merchants (FRME) has a short interest of 697,500 shares, representing 1.20% of the float (the number of shares available for trading by the public). This marks a 12.59% increase in short interest from the previous month. The short interest ratio (days to cover) is 2.3, indicating that it would take 2.3 days of the average trading volume of 264,667 shares to cover all short positions.Current Short Interest697,500 sharesPrevious Short Interest619,500 sharesChange Vs. Previous Month+12.59%Dollar Volume Sold Short$24.52 millionShort Interest Ratio2.3 Days to CoverLast Record DateApril 15, 2025Outstanding Shares58,535,000 sharesShort Percent of Float1.20%Today's Trading Volume195,331 sharesAverage Trading Volume264,667 sharesToday's Volume Vs. Average74% Short Selling First Merchants? Sign up to receive the latest short interest report for First Merchants and its competitors with MarketBeat's FREE newsletter. Email Address Skip Charts & View Short Interest HistoryShort Interest ChartDays to Cover ChartShort Percent of Float ChartFRME Short Interest Over TimeFRME Days to Cover Over TimeFRME Percentage of Float Shorted Over Time First Merchants Short Interest History Export to ExcelReport DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date 4/15/2025697,500 shares $24.52 million +12.6%1.2%2.3 $35.15 3/31/2025619,500 shares $25.05 million +18.3%1.1%2.2 $40.44 3/15/2025523,500 shares $21.10 million +23.7%0.9%1.9 $40.31 2/28/2025423,100 shares $18.53 million +30.4%0.7%1.7 $43.80 2/15/2025324,400 shares $14.47 million -20.1%0.6%1.4 $44.61 1/31/2025405,800 shares $18.03 million -32.6%N/A1.6 $44.44 1/15/2025601,700 shares $24.29 million +4.9%N/A2.2 $40.37 12/31/2024573,600 shares $22.88 million +20.8%N/A2.1 $39.89 12/15/2024474,800 shares $20.50 million -10.7%N/A1.7 $43.17 11/30/2024531,400 shares $23.25 million -5.8%N/A2 $43.75 Get the Latest News and Ratings for FRME and Related StocksEnter your email address below to receive the latest news and analysts' ratings for First Merchants and its competitors with MarketBeat's FREE daily newsletter. 11/15/2024563,900 shares $24.52 million +20.0%N/A2.1 $43.48 10/31/2024469,900 shares $17.41 million -19.4%N/A1.8 $37.05 10/15/2024583,100 shares $22.54 million -0.1%N/A2.5 $38.66 9/30/2024583,800 shares $21.72 million -18.9%N/A2.4 $37.20 9/15/2024720,000 shares $26.45 million -13.3%N/A2.8 $36.73 8/31/2024830,800 shares $32.40 million +17.3%N/A3.5 $39.00 8/15/2024708,000 shares $25.70 million -1.2%N/A2.8 $36.30 7/31/2024716,900 shares $28.93 million +14.7%N/A2.8 $40.35 7/15/2024625,200 shares $22.96 million +24.6%N/A2.5 $36.72 6/30/2024501,700 shares $16.70 million +26.0%N/A2.1 $33.29 6/15/2024398,100 shares $12.36 million -26.4%N/A1.7 $31.04 5/31/2024540,600 shares $17.87 million -18.2%N/A2.2 $33.05 5/15/2024661,100 shares $23.73 million +18.8%N/A2.6 $35.89 4/30/2024556,500 shares $18.60 million +10.6%N/A2.1 $33.42 4/15/2024503,300 shares $16.54 million -0.3%N/A1.8 $32.86 3/31/2024504,600 shares $17.61 million -7.2%N/A1.9 $34.90 3/15/2024543,500 shares $17.82 million +10.0%N/A2.1 $32.78 2/29/2024493,900 shares $16.40 million +10.4%N/A1.8 $33.20 2/15/2024447,500 shares $15.61 million +11.9%N/A1.8 $34.88 1/31/2024400,000 shares $13.52 million -18.8%N/A1.7 $33.81 1/15/2024492,800 shares $17.16 million +8.1%N/A2.3 $34.83 12/31/2023455,800 shares $16.90 million -7.8%N/A2.2 $37.08 12/15/2023494,200 shares $18.11 million +3.7%N/A2.4 $36.64 11/30/2023476,400 shares $14.61 million -22.2%N/A2.5 $30.67 11/15/2023612,600 shares $19.54 million +6.1%N/A3.4 $31.89 10/31/2023577,600 shares $15.77 million -2.0%N/A3.4 $27.31 10/15/2023589,100 shares $16.08 million +5.8%N/A3.4 $27.30 9/30/2023556,900 shares $15.49 million +9.7%N/A3.2 $27.82 9/15/2023507,600 shares $14.71 million +2.7%N/A2.5 $28.97 8/31/2023494,400 shares $14.75 million +4.8%N/A2.2 $29.84REVEALED FREE: Our top 3 stocks to own in 2025 and beyond (Ad)Every time Weiss Ratings flashed green like this, the average gain on each and every stock has been 303% (including the losers!). Click here for the names of our three top stocks to own this year (no purchase necessary). 8/15/2023472,000 shares $14.50 million -14.1%N/A2 $30.72 7/31/2023549,500 shares $17.65 million -7.4%N/A2.2 $32.12 7/15/2023593,600 shares $17.56 million -0.8%N/A2.2 $29.59 6/30/2023598,200 shares $16.89 million -16.1%N/A2.2 $28.23 6/15/2023713,100 shares $20.54 million +9.2%N/A2.7 $28.81 5/31/2023653,200 shares $17.28 million -7.8%N/A2.5 $26.45 5/15/2023708,100 shares $18.08 million +18.9%N/A2.8 $25.53 4/30/2023595,600 shares $17.38 million +7.2%N/A2.6 $29.18 4/15/2023555,800 shares $16.66 million +0.8%N/A2.7 $29.97 3/31/2023551,400 shares $18.17 million -2.5%N/A2.8 $32.95 3/15/2023565,500 shares $20.11 million +12.2%N/A3 $35.56 2/28/2023503,900 shares $20.62 million -7.7%N/A3.2 $40.92 2/15/2023546,100 shares $23.07 million -6.1%N/A3.4 $42.24 1/31/2023581,600 shares $24.80 million +0.8%N/A3.6 $42.64 1/15/2023576,900 shares $24.37 million +15.4%N/A3.5 $42.24 12/30/2022499,800 shares $20.55 million +4.2%N/A3 $41.11 12/15/2022479,900 shares $18.71 million +14.4%N/A2.9 $38.98 11/30/2022419,400 shares $18.54 million -18.8%N/A2.5 $44.21 11/15/2022516,400 shares $22.28 million -28.2%N/A3.2 $43.14 10/31/2022719,400 shares $32.30 million -14.2%N/A4.5 $44.90 10/15/2022838,100 shares $35.21 million +13.2%N/A5.2 $42.01 9/30/2022740,600 shares $28.65 million -7.5%N/A4.6 $38.68 9/15/2022800,500 shares $32.72 million +6.0%N/A4.8 $40.88 8/31/2022755,000 shares $30.06 million -7.9%N/A4.6 $39.82 8/15/2022819,800 shares $35.74 million -2.5%N/A4.7 $43.59 7/31/2022840,500 shares $34.91 million -1.2%N/A4.5 $41.53 7/15/2022850,800 shares $30.07 million -3.6%N/A4.1 $35.34 6/30/2022882,200 shares $31.42 million +8.2%N/A4 $35.62 6/15/2022815,200 shares $30.47 million +6.6%1.7%3.2 $37.38 5/31/2022764,800 shares $31.48 million +7.2%N/A2.9 $41.16 5/15/2022713,500 shares $28.08 million -12.0%N/A2.5 $39.36 4/30/2022811,000 shares $31.78 million +23.0%N/A2.9 $39.19 4/15/2022659,300 shares $26.27 million -50.1%N/A2.4 $39.85 3/31/20221,320,000 shares $54.91 million -11.4%N/A0 $41.60 3/15/20221,490,000 shares $64.76 million +27.4%2.8%6.7 $43.46 2/28/20221,170,000 shares $51.18 million +8.3%2.2%5.4 $43.74 2/15/20221,080,000 shares $47.26 million +10.8%2.1%5.4 $43.76 1/31/2022974,900 shares $41.37 million +8.4%1.9%5 $42.43 1/15/2022899,500 shares $41.18 million +9.0%N/A0 $45.78 12/31/2021825,400 shares $34.58 million +9.2%1.6%4.7 $41.89 12/15/2021756,000 shares $31.32 million +23.9%1.4%4.5 $41.43 11/30/2021610,400 shares $24.35 million -11.8%1.2%3.6 $39.89 11/15/2021692,100 shares $29.68 million +44.4%1.3%4.2 $42.89 10/29/2021479,300 shares $19.93 million +2.5%0.9%3 $41.58 10/15/2021467,800 shares $20.07 million -12.0%0.9%3.1 $42.90 9/30/2021531,500 shares $22.24 million -9.0%1.0%3.4 $41.84 9/15/2021583,800 shares $22.92 million +21.4%1.1%3.4 $39.26 8/31/2021480,900 shares $19.79 million -10.6%0.9%3.1 $41.15 8/13/2021537,900 shares $23.08 million -23.6%1.0%3.2 $42.90 7/30/2021704,300 shares $28.69 million +2.6%1.3%4 $40.73REVEALED FREE: Our top 3 stocks to own in 2025 and beyond (Ad)Every time Weiss Ratings flashed green like this, the average gain on each and every stock has been 303% (including the losers!). Click here for the names of our three top stocks to own this year (no purchase necessary). 7/15/2021686,500 shares $28.04 million +9.8%1.3%3.9 $40.85 6/30/2021625,300 shares $26.06 million -5.9%1.2%3.7 $41.67 6/15/2021664,600 shares $29.38 million +1.8%1.2%4.2 $44.20 5/28/2021652,800 shares $30.25 million -11.6%1.2%4.1 $46.34 5/14/2021738,200 shares $34.55 million -3.7%N/A4.4 $46.80 4/30/2021766,800 shares $35.79 million +5.9%N/A4.5 $46.68 4/15/2021724,100 shares $33.95 million -12.3%N/A0 $46.89 3/31/2021826,000 shares $39.10 million +6.4%N/A4.7 $47.34 3/15/2021776,600 shares $38.86 million +4.5%N/A4 $50.04 2/26/2021743,400 shares $31.94 million +2.8%N/A3.9 $42.96 2/12/2021723,400 shares $30.05 million -12.2%N/A3.9 $41.54 1/29/2021824,000 shares $31.94 million -1.3%N/A4.2 $38.76 1/15/2021834,600 shares $34.56 million -9.9%N/A4.1 $41.41 12/31/2020926,400 shares $34.48 million +23.1%N/A4.5 $37.22 12/15/2020752,800 shares $27.42 million -8.2%N/A3.7 $36.42 11/30/2020819,900 shares $28.46 million +52.5%N/A3.9 $34.71 11/15/2020537,500 shares $16.86 million +34.8%N/A2.5 $31.36 10/30/2020398,700 shares $10.45 million -19.8%N/A2 $26.20 10/15/2020496,800 shares $12.19 million +22.5%N/A2.5 $24.54 9/30/2020405,600 shares $9.39 million -3.2%N/A1.9 $23.16 9/15/2020418,900 shares $10.15 million +15.6%N/A1.9 $24.22 8/31/2020362,500 shares $9.27 million -25.9%N/A1.6 $25.58 8/14/2020489,200 shares $13.03 million +14.8%N/A2.1 $26.64 7/31/2020426,000 shares $10.41 million -14.8%N/A1.8 $24.43 7/15/2020500,200 shares $12.23 million -16.8%N/A2.1 $24.46 6/30/2020601,200 shares $16.22 million +62.1%N/A2.5 $26.98 6/15/2020371,000 shares $10.06 million -11.8%N/A1.6 $27.12 5/29/2020420,700 shares $11.80 million -1.6%N/A1.6 $28.06 5/15/2020427,500 shares $9.82 million +19.6%N/A1.7 $22.97 FRME Short Interest - Frequently Asked Questions What is First Merchants' current short interest? Short interest is the volume of First Merchants shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 697,500 shares of FRME short. 1.20% of First Merchants' shares are currently sold short. Learn More on First Merchants' current short interest. What is a good short interest ratio for First Merchants? The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. FRME shares currently have a short interest ratio of 2.0. Learn More on First Merchants's short interest ratio. Which institutional investors are shorting First Merchants? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of First Merchants: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. What is a good short interest percentage for First Merchants? Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.20% of First Merchants' floating shares are currently sold short. Is First Merchants' short interest increasing or decreasing? First Merchants saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 697,500 shares, an increase of 12.6% from the previous total of 619,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment. How does First Merchants' short interest compare to its competitors? 1.20% of First Merchants' shares are currently sold short. Here is how the short interest of companies in the industry of "regional banks" compare to First Merchants: Commerce Bancshares, Inc. (2.48%), Webster Financial Co. (1.94%), Western Alliance Bancorporation (4.17%), Pinnacle Financial Partners, Inc. (1.75%), Wintrust Financial Co. (3.01%), Cullen/Frost Bankers, Inc. (3.61%), UMB Financial Co. (4.79%), Popular, Inc. (2.30%), Zions Bancorporation, National Association (2.94%), Old National Bancorp (13.31%), Which stocks are the most shorted right now? As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($21.71 billion), iShares 20+ Year Treasury Bond ETF ($9.48 billion), Strategy Incorporated ($8.92 billion), Charter Communications, Inc. ($3.86 billion), Apollo Global Management, Inc. ($3.86 billion), Capital One Financial Co. ($3.72 billion), Super Micro Computer, Inc. ($3.47 billion), AppLovin Co. ($2.64 billion), VanEck Semiconductor ETF ($2.46 billion), and The Kroger Co. ($2.33 billion). View all of the most shorted stocks. What does it mean to sell short First Merchants stock? Short selling FRME is an investing strategy that aims to generate trading profit from First Merchants as its price is falling. FRME shares are trading up $1.11 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit. How does a short squeeze work against First Merchants? A short squeeze for First Merchants occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of FRME, which in turn drives the price of the stock up even further. How often is First Merchants' short interest reported? Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FRME, twice per month. The most recent reporting period available is April, 15 2025. More Short Interest Resources from MarketBeat Related Companies Commerce Bancshares Short Interest Webster Financial Short Interest Western Alliance Bancorporation Short Interest Pinnacle Financial Partners Short Interest Wintrust Financial Short Interest Cullen/Frost Bankers Short Interest UMB Financial Short Interest Popular Short Interest Zions Bancorporation, National Association Short Interest Old National Bancorp Short Interest Short Interest Tools Stocks to Short Largest Short Interest Positions Short Interest Increases Short Interest Decreases Short Interest Reporting Dates This page (NASDAQ:FRME) was last updated on 5/2/2025 by MarketBeat.com Staff From Our PartnersElon’s Terrifying Warning Forces Trump To Take ActionElon Musk has avoided two major financial crises before. 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