Terns Pharmaceuticals (TERN) Short Interest Ratio & Short Volume $8.41 -0.20 (-2.32%) Closing price 04:00 PM EasternExtended Trading$8.40 -0.01 (-0.06%) As of 04:32 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 ForecastsChartCompetitorsEarningsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Terns Pharmaceuticals Short Interest DataTerns Pharmaceuticals (TERN) has a short interest of 8.23 million shares, representing 11.83% of the float (the number of shares available for trading by the public). This marks a -0.96% decrease in short interest from the previous month. The short interest ratio (days to cover) is 7.6, indicating that it would take 7.6 days of the average trading volume of 1.16 million shares to cover all short positions.Current Short Interest8,230,000 sharesPrevious Short Interest8,310,000 sharesChange Vs. Previous Month-0.96%Dollar Volume Sold Short$61.81 millionShort Interest Ratio7.6 Days to CoverLast Record DateSeptember 30, 2025Outstanding Shares87,510,000 sharesFloat Size69,580,000 sharesShort Percent of Float11.83%Today's Trading Volume787,022 sharesAverage Trading Volume1,160,805 sharesToday's Volume Vs. Average68% Short Selling Terns Pharmaceuticals? Sign up to receive the latest short interest report for Terns Pharmaceuticals and its competitors with MarketBeat's FREE newsletter. 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Skip Charts & View Short Interest HistoryShort Interest ChartDays to Cover ChartShort Percent of Float ChartTERN Short Interest Over TimeTERN Days to Cover Over TimeTERN Percentage of Float Shorted Over Time Terns Pharmaceuticals Short Interest History Export to ExcelReport DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date 9/30/20258,230,000 shares $61.81 million -1.0%11.8%7.6 $7.51 9/15/20258,310,000 shares $59.25 million +5.7%11.9%7.8 $7.13 8/31/20257,860,000 shares $54.71 million +10.4%11.3%7.4 $6.96 8/15/20257,120,000 shares $50.20 million +5.8%10.2%7.2 $7.05 7/31/20256,730,000 shares $39.24 million +11.8%9.7%7.4 $5.83 7/15/20256,020,000 shares $30.40 million -1.6%9.1%6.7 $5.05 6/30/20256,120,000 shares $22.83 million +3.0%9.2%6.4 $3.73 6/15/20255,940,000 shares $23.05 million +9.2%8.9%5.9 $3.88 5/31/20255,440,000 shares $16.97 million -0.4%8.2%5.3 $3.12 5/15/20255,460,000 shares $15.23 million +0.7%8.2%5.3 $2.79 Get the Latest News and Ratings for TERN and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Terns Pharmaceuticals and its competitors with MarketBeat's FREE daily newsletter. 4/30/20255,420,000 shares $17.89 million -2.9%8.3%4.7 $3.30 4/15/20255,580,000 shares $13.39 million -3.3%8.6%4.2 $2.40 3/31/20255,770,000 shares $15.93 million -3.0%8.8%4 $2.76 3/15/20255,950,000 shares $18.92 million -3.9%9.1%3.9 $3.18 2/28/20256,190,000 shares $22.84 million +4.6%9.7%3.7 $3.69 2/15/20255,920,000 shares $24.04 million -8.2%9.3%3.4 $4.06 1/31/20256,450,000 shares $28.77 million -15.6%10.4%3.6 $4.46 1/15/20257,640,000 shares $35.37 million +3.7%12.3%4.5 $4.63 12/31/20247,370,000 shares $40.83 million +18.9%11.8%4.6 $5.54 12/15/20246,200,000 shares $41.73 million +15.0%10.0%3.9 $6.73 11/30/20245,390,000 shares $33.63 million +35.4%8.7%2.9 $6.24 11/15/20243,980,000 shares $24.56 million -12.3%6.4%2 $6.17 10/31/20244,540,000 shares $31.14 million +4.4%7.2%2.4 $6.86 10/15/20244,350,000 shares $33.06 million -11.4%6.9%2.3 $7.60 9/30/20244,910,000 shares $40.95 million +30.6%8.3%2.5 $8.34 9/15/20243,760,000 shares $33.67 million +41.4%6.4%1.9 $8.96 8/31/20242,660,000 shares $20.27 million +47.8%5.6%1.5 $7.62 8/15/20241,800,000 shares $12.10 million -32.1%3.8%1.4 $6.72 7/31/20242,650,000 shares $20.54 million +33.2%5.5%2.2 $7.75 7/15/20241,990,000 shares $19.88 million -26.0%4.6%1.7 $9.99 6/30/20242,690,000 shares $18.32 million +17.0%6.3%2.6 $6.81 6/15/20242,300,000 shares $18.86 million +8.0%5.4%2.4 $8.20 5/31/20242,130,000 shares $12.80 million -4.5%5.0%2.3 $6.01 5/15/20242,230,000 shares $13.36 million -50.3%5.2%2.4 $5.99 4/30/20244,490,000 shares $22.67 million +2.1%10.9%4.9 $5.05 4/15/20244,400,000 shares $22.26 million -2.0%10.7%5 $5.06 3/31/20244,490,000 shares $29.45 million +6.2%10.9%5 $6.56 3/15/20244,230,000 shares $30.46 million -3.4%10.7%5.3 $7.20 2/29/20244,380,000 shares $32.06 million +0.5%11.6%5.9 $7.32 2/15/20244,360,000 shares $32.18 million +2.8%11.5%7.1 $7.38 1/31/20244,240,000 shares $21.96 million -3.4%10.8%7.7 $5.18 1/15/20244,390,000 shares $25.73 million -7.0%11.1%8 $5.86 12/31/20234,720,000 shares $30.63 million +6.8%11.9%9.2 $6.49 12/15/20234,420,000 shares $28.07 million -8.1%11.2%8.8 $6.35 11/30/20234,810,000 shares $21.40 million -5.7%12.2%9.2 $4.45 11/15/20235,100,000 shares $19.64 million -2.5%13.0%11.1 $3.85 10/31/20235,230,000 shares $27.51 million -9.0%13.4%9.7 $5.26 10/15/20235,750,000 shares $30.48 million +5.1%14.7%9.8 $5.30 9/30/20235,470,000 shares $27.51 million +3.0%14.0%9.2 $5.03 9/15/20235,310,000 shares $27.19 million +11.1%14.3%6.5 $5.12 8/31/20234,780,000 shares $25.19 million +0.6%12.8%5.5 $5.27 8/15/20234,750,000 shares $29.50 million +8.2%12.7%5.2 $6.21 7/31/20234,390,000 shares $31.70 million -0.2%12.9%5 $7.22 7/15/20234,400,000 shares $35.86 million +1.6%13.0%5.5 $8.15 6/30/20234,330,000 shares $37.89 million +26.2%12.7%5.7 $8.75 6/15/20233,430,000 shares $39.38 million +9.9%10.1%5.3 $11.48 5/31/20233,120,000 shares $33.10 million +5.1%9.2%6.9 $10.61 5/15/20232,970,000 shares $35.25 million +3.5%8.7%7.2 $11.87 4/30/20232,870,000 shares $37.45 million +8.3%8.5%7.7 $13.05 4/15/20232,650,000 shares $30.50 million +5.6%7.8%7.2 $11.51 3/31/20232,510,000 shares $29.72 million +28.7%8.2%7.4 $11.84 3/15/20231,950,000 shares $17.96 million +15.4%7.7%6.2 $9.21 2/28/20231,690,000 shares $17.12 million -4.0%6.7%5.4 $10.13 2/15/20231,760,000 shares $18.13 million +53.0%7.0%4.4 $10.30 1/31/20231,150,000 shares $10.43 million +10.6%4.3%3.4 $9.07 1/15/20231,040,000 shares $9.40 million -14.1%3.9%3.5 $9.04 12/30/20221,210,000 shares $12.32 million +57.7%4.5%4.1 $10.18 12/15/2022767,400 shares $5.23 million +40.6%4.1%2.7 $6.82 11/30/2022545,800 shares $4.24 million +7.4%3.7%2.3 $7.77 11/15/2022508,000 shares $2.39 million -1.4%3.8%2.8 $4.71 10/31/2022515,100 shares $3.56 million +18.5%3.2%1.3 $6.91 10/15/2022434,600 shares $2.96 million +2.3%2.7%1.1 $6.81 9/30/2022425,000 shares $2.50 million +30.2%2.7%1.1 $5.89 9/15/2022326,400 shares $2.10 million +116.5%2.0%0.9 $6.42 8/31/2022150,800 shares $588.12 thousand +154.7%0.9%0.4 $3.90 8/15/202259,200 shares $260.48 thousand +3.1%0.3%0.2 $4.40 7/31/202257,400 shares $122.26 thousand -22.2%0.5%0.4 $2.13 7/15/202273,800 shares $185.98 thousand -24.2%0.7%0.4 $2.52 6/30/202297,300 shares $241.30 thousand -80.5%0.9%0.6 $2.48 6/15/2022499,900 shares $954.81 thousand +3.4%4.4%2.9 $1.91 5/31/2022483,300 shares $836.11 thousand +0.9%3.8%3.5 $1.73 5/15/2022479,100 shares $723.44 thousand +28.7%3.8%6.3 $1.51 4/30/2022372,300 shares $595.68 thousand -7.5%2.8%5.3 $1.60 4/15/2022402,400 shares $1.03 million +13.6%3.0%6.5 $2.57 3/31/2022354,300 shares $1.05 million -3.1%2.7%6.4 $2.97 3/15/2022365,600 shares $1.07 million -9.8%2.7%6.7 $2.93 2/28/2022405,300 shares $1.35 million +0.3%3.1%6.4 $3.32 2/15/2022404,300 shares $1.61 million +13.2%3.0%5.9 $3.99 1/31/2022357,100 shares $2.24 million -17.3%2.7%5.3 $6.27 1/15/2022431,600 shares $2.52 million -26.3%3.2%6.2 $5.85 12/31/2021585,900 shares $4.14 million -1.6%4.4%8.6 $7.07 12/15/2021595,100 shares $3.67 million -8.2%4.5%9.4 $6.17 11/30/2021648,400 shares $4.90 million +0.1%4.9%10.3 $7.55 11/15/2021647,600 shares $5.50 million -5.4%4.9%10.7 $8.49 10/29/2021684,200 shares $6.50 million -3.5%5.1%10.2 $9.50 10/15/2021708,900 shares $6.95 million +1.0%5.3%10.9 $9.81 9/30/2021702,100 shares $7.32 million +1.9%5.3%10.5 $10.42 9/15/2021689,000 shares $7.38 million +2.4%5.2%9.4 $10.71 8/31/2021673,000 shares $9.06 million +6.0%5.1%8.5 $13.46 8/13/2021634,800 shares $6.86 million No Change4.8%8.3 $10.81 TERN Short Interest - Frequently Asked Questions What is Terns Pharmaceuticals' current short interest? Short interest is the volume of Terns Pharmaceuticals shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 8,230,000 shares of TERN short. 11.83% of Terns Pharmaceuticals' shares are currently sold short. Learn More on Terns Pharmaceuticals' current short interest. What is a good short interest ratio for Terns Pharmaceuticals? 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. TERN shares currently have a short interest ratio of 8.0. Learn More on Terns Pharmaceuticals's short interest ratio. Which institutional investors are shorting Terns Pharmaceuticals? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Terns Pharmaceuticals: Group One Trading LLC, and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. What is a good short interest percentage for Terns Pharmaceuticals? 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. 11.83% of Terns Pharmaceuticals' floating shares are currently sold short. Is Terns Pharmaceuticals' short interest increasing or decreasing? Terns Pharmaceuticals saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,230,000 shares, a decrease of 1.0% from the previous total of 8,310,000 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. What is Terns Pharmaceuticals' float size? Terns Pharmaceuticals currently has issued a total of 87,510,000 shares. Some of Terns Pharmaceuticals' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Terns Pharmaceuticals currently has a public float of 69,580,000 shares. How does Terns Pharmaceuticals' short interest compare to its competitors? 11.83% of Terns Pharmaceuticals' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Terns Pharmaceuticals: Organon & Co. (4.95%), Kiniksa Pharmaceuticals International, plc (3.40%), HUTCHMED (China) Limited Sponsored ADR (0.21%), Tarsus Pharmaceuticals, Inc. (17.15%), Beam Therapeutics Inc. (21.13%), Cidara Therapeutics, Inc. (15.75%), Catalyst Pharmaceuticals, Inc. (7.87%), Mineralys Therapeutics, Inc. (13.60%), Alvotech (1.28%), Bausch Health Cos Inc. (2.36%), Which stocks are the most shorted right now? As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Corporation ($15.71 billion), Robinhood Markets, Inc. ($7.56 billion), Reddit Inc. ($4.55 billion), Coinbase Global, Inc. ($4.53 billion), CoreWeave Inc. ($4.43 billion), Charter Communications, Inc. ($4.07 billion), Seagate Technology Holdings PLC ($3.94 billion), IonQ, Inc. ($3.78 billion), TC Energy Corporation ($3.13 billion), and Live Nation Entertainment, Inc. ($3.12 billion). View all of the most shorted stocks. What does it mean to sell short Terns Pharmaceuticals stock? Short selling TERN is an investing strategy that aims to generate trading profit from Terns Pharmaceuticals as its price is falling. TERN shares are trading down $0.20 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 Terns Pharmaceuticals? A short squeeze for Terns Pharmaceuticals 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 TERN, which in turn drives the price of the stock up even further. How often is Terns Pharmaceuticals' 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 TERN, twice per month. The most recent reporting period available is September, 30 2025. More Short Interest Resources from MarketBeat Related Companies Organon & Co. Short Squeeze Kiniksa Pharmaceuticals International Short Squeeze HUTCHMED Short Squeeze Tarsus Pharmaceuticals Short Squeeze Beam Therapeutics Short Squeeze Cidara Therapeutics Short Squeeze Catalyst Pharmaceuticals Short Squeeze Mineralys Therapeutics Short Squeeze Alvotech Short Squeeze Bausch Health Cos Short Squeeze Short Interest Tools Stocks to Short Largest Short Interest Positions Short Interest Increases Short Interest Decreases Short Interest Reporting Dates This page (NASDAQ:TERN) was last updated on 10/17/2025 by MarketBeat.com Staff From Our PartnersINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffRight now, we’re witnessing a monumental shift in the world.Traders Agency | SponsoredIf You Keep Cash In A U.S. Bank Account… Read This NOWThe Treasury Department just issued a stunning warning: U.S. banks could lose up to $6.6 trillion of custom...Banyan Hill Publishing | SponsoredFront-Run Buffett's Shocking Gold MoveA Historic Gold Announcement Is About to Rock Wall Street? 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