About Terns Pharmaceuticals, Inc. (TERN) data
Data as of April 30, 2026.
Terns Pharmaceuticals, Inc. (TERN) has 5.54M shares sold short as of the latest FINRA settlement report on April 30, 2026. Short interest has decreased by 31.32% compared with the prior settlement. At the current average daily volume, covering all open short positions would take about 1.46 days (days to cover).
Recent TERN short interest history
| Settlement date | Short interest | Change | Days to cover |
|---|---|---|---|
| Apr 30, 2026 | 5,535,964 | -31.32% | 1.46 |
| Apr 15, 2026 | 8,061,099 | -40.31% | 1.00 |
| Mar 31, 2026 | 13,505,870 | -25.76% | 1.12 |
| Mar 13, 2026 | 18,192,402 | 9.48% | 8.66 |
| Feb 27, 2026 | 16,616,789 | -10.73% | 8.71 |
| Feb 13, 2026 | 18,613,919 | 7.96% | 9.61 |
| Jan 30, 2026 | 17,241,494 | 6.74% | 9.18 |
| Jan 15, 2026 | 16,152,617 | 4.53% | 6.36 |
| Dec 31, 2025 | 15,452,240 | 21.03% | 6.07 |
| Dec 15, 2025 | 12,767,752 | 45.39% | 2.00 |
| Nov 28, 2025 | 8,781,897 | -7.71% | 2.33 |
| Nov 14, 2025 | 9,515,874 | -10.99% | 1.30 |
Full history, charts, and borrow-fee detail are on the TERN short interest page.
Frequently asked questions
What is the current short interest in TERN?
As of the latest FINRA settlement dated April 30, 2026, TERN had approximately 5,535,964 shares sold short. Short interest data is reported by FINRA twice per month.
How much does it cost to short TERN?
The latest borrow fee (cost to borrow) for TERN is 0.92% per year, based on IBKR data. Fees can change throughout the trading day as shares are borrowed and returned.
What is the days to cover ratio for TERN?
Days to cover for TERN is approximately 1.46 days. This estimates how many trading days it would take short sellers to buy back all outstanding short shares at the current average daily volume.
Is TERN a short squeeze candidate?
A squeeze needs shorts that are hard to close. TERN trades about 3,803,539 shares a day and would take roughly 1.46 days to unwind current short positions, at a current borrow fee of 0.92%. Higher days-to-cover and a rising borrow fee together are the setup to watch; neither alone is enough.