TERN Short Volume
Terns Pharmaceuticals, Inc. (TERN) operates in the Healthcare sector, specifically the Biotechnology industry, with a market capitalization near $4.77B, listed on NASDAQ, employing roughly 59 people, carrying a beta of -0.38 to the broader market. Terns Pharmaceuticals, Inc. Led by Amy L. Burroughs, public since 2021-02-05.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-05-04
- Short Volume
- 255.2K
- Total Volume
- 730.8K
- Short %
- 34.91%
- 30-Day Avg Short %
- 27.49%
Showing 30 days of FINRA short volume data for Terns Pharmaceuticals, Inc..
Learn how short volume is reported and how to read the data →
Frequently asked TERN short volume questions
- What is the daily TERN short volume?
- As of May 4, 2026, Terns Pharmaceuticals, Inc. (TERN) short volume is 255.2K shares against 730.8K total reported volume, or 34.91% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is TERN short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does TERN short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.