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First Merchants Corp. short interest

2.3M shares of First Merchants were sold short at the 15 October 2026 settlement, near the top of its range over the last year (911K to 2.4M). Short sellers would need 4.8 days of normal trading to buy them back.

Shares sold short2.3Mat 15 Oct 2026
Change on the settlement before-4.8%+127% over a year
Days to cover4.76at 484K shares a day
Of shares in issue3.70%shares short over shares outstanding
New to this? How to read this page
  1. Short interest is the number of shares investors have borrowed and sold, betting the price will fall, and not yet bought back.
  2. Days to cover is shares short over an average day's trading: how many days it would take short sellers to buy them all back. Above 5 or so is high.
  3. Rising short interest says more investors are betting against the stock. A crowded short can also rise fast if shorts rush to buy back.
  4. Brokers report it twice a month to FINRA, about ten days after each settlement date.
  5. What is short interest?

Short interest, days to cover and the price

Short interest is near the top of its range over the last year (911K to 2.4M), and the share price moved +11% over the last year.

Shares sold shortDays to coverShare price

Three charts on one timeline. Top: shares sold short at each settlement. Middle: days to cover, taller meaning shorts would need longer to buy back. Bottom: the share price, so you can see whether shorts added as the price fell or rose.

How it compares

every company on the site

    The bar ranks every company on the site from the lowest on the left to the highest on the right, in three equal thirds; the small figures under it are the values where each third starts, and the black tick is the middle company. The orange dot is this company; the grey ticks are the other companies in its industry (hover or tap for names). A hatched block is companies tied at none.

    Every settlement since 29 Dec 2017 as a table
    SettlementShares shortChangeAverage daily volumeDays to cover
    15 October 20262.3M-4.8%484K4.76
    30 September 20262.4M+2.1%584K4.15
    15 September 20262.4M+27.8%403K5.88
    31 August 20261.9M+1.4%312K5.95
    14 August 20261.8M-2.2%377K4.85
    31 July 20261.9M+15.4%521K3.58
    15 July 20261.6M+4.4%412K3.93
    30 June 20261.6M+6.4%576K2.69
    15 June 20261.5M+10.3%313K4.66
    29 May 20261.3M+11.9%296K4.46
    15 May 20261.2M+13.4%298K3.97
    30 April 20261.0M-16.3%368K2.83
    15 April 20261.2M-0.7%360K3.45
    31 March 20261.3M+16.1%452K2.77
    13 March 20261.1M+7.8%471K2.29
    27 February 20261.0M-2.7%410K2.45
    13 February 20261.0M-6.6%436K2.36
    30 January 20261.1M+7.9%401K2.75
    15 January 20261.0M+12.2%251K4.07
    31 December 2025911K-20.2%281K3.24
    15 December 20251.1M-7.8%292K3.91
    28 November 20251.2M-2.8%227K5.47
    14 November 20251.3M+1.4%217K5.88
    31 October 20251.3M+24.3%296K4.26
    15 October 20251.0M+17.9%379K2.67
    30 September 2025858K+36.6%490K1.75
    15 September 2025629K+2.6%177K3.56
    29 August 2025612K-4.1%227K2.70
    15 August 2025639K+12.8%211K3.02
    31 July 2025566K-15.5%398K1.42
    15 July 2025670K-23.3%260K2.57
    30 June 2025873K+13.5%471K1.85
    13 June 2025769K+5.7%243K3.17
    30 May 2025728K+3.3%206K3.53
    15 May 2025705K+11.6%214K3.30
    30 April 2025632K-9.4%324K1.95
    15 April 2025697K+12.6%349K2.00
    31 March 2025620K+18.3%399K1.55
    14 March 2025523K+23.7%263K1.99
    28 February 2025423K+30.4%219K1.93
    14 February 2025324K-20.0%242K1.34
    31 January 2025406K-32.6%253K1.60
    15 January 2025602K+4.9%198K3.04
    31 December 2024574K+20.8%281K2.04
    13 December 2024475K-10.7%231K2.06
    29 November 2024531K-5.8%175K3.04
    15 November 2024564K+20.0%357K1.58
    31 October 2024470K-19.4%361K1.30
    15 October 2024583K-0.1%166K3.51
    30 September 2024584K-18.9%316K1.85
    13 September 2024720K-13.3%187K3.85
    30 August 2024831K+17.4%186K4.46
    15 August 2024708K-1.2%218K3.25
    31 July 2024717K+14.7%318K2.26
    15 July 2024625K+24.6%202K3.10
    28 June 2024502K+26.0%313K1.60
    14 June 2024398K-26.4%238K1.68
    31 May 2024541K-18.2%222K2.44
    15 May 2024661K+18.8%204K3.24
    30 April 2024557K+10.6%248K2.24
    15 April 2024503K-0.2%203K2.47
    28 March 2024505K-7.2%221K2.29
    15 March 2024543K+10.0%427K1.27
    29 February 2024494K+10.4%222K2.22
    15 February 2024448K+11.9%303K1.48
    31 January 2024400K-18.8%251K1.59
    12 January 2024493K+8.1%170K2.91
    29 December 2023456K-7.8%175K2.61
    15 December 2023494K+3.7%322K1.54
    30 November 2023476K-22.2%162K2.95
    15 November 2023613K+6.1%202K3.04
    31 October 2023578K-2.0%206K2.81
    13 October 2023589K+5.8%150K3.94
    29 September 2023557K+9.7%155K3.58
    15 September 2023508K+2.7%184K2.75
    31 August 2023494K+4.7%161K3.08
    15 August 2023472K-14.1%153K3.08
    31 July 2023550K-7.4%216K2.55
    14 July 2023594K-0.8%210K2.83
    30 June 2023598K-16.1%391K1.53
    15 June 2023713K+9.2%295K2.42
    31 May 2023653K-7.7%241K2.71
    15 May 2023708K+18.9%276K2.57
    28 April 2023596K+7.1%193K3.09
    14 April 2023556K+0.8%267K2.09
    31 March 2023551K-2.5%280K1.97
    15 March 2023566K+12.2%249K2.27
    28 February 2023504K-7.7%173K2.92
    15 February 2023546K-6.1%130K4.20
    31 January 2023582K+0.8%144K4.05
    13 January 2023577K+15.4%177K3.27
    30 December 2022500K+4.1%184K2.71
    15 December 2022480K+14.4%158K3.05
    30 November 2022419K-18.8%154K2.73
    15 November 2022516K-28.2%149K3.47
    31 October 2022719K-14.2%177K4.06
    14 October 2022838K+13.2%135K6.19
    30 September 2022741K-7.5%230K3.22
    15 September 2022800K+6.0%143K5.60
    31 August 2022755K-7.9%126K6.00
    15 August 2022820K-2.5%137K5.97
    29 July 2022841K-1.2%180K4.66
    15 July 2022851K-3.6%162K5.25
    30 June 2022882K+8.2%235K3.76
    15 June 2022815K+6.6%166K4.90
    31 May 2022765K+7.2%190K4.02
    13 May 2022713K-12.0%206K3.46
    29 April 2022811K+23.0%331K2.45
    14 April 2022659K-50.1%315K2.09
    31 March 20221.3M-11.2%351K3.76
    15 March 20221.5M+27.2%266K5.59
    28 February 20221.2M+8.0%225K5.19
    15 February 20221.1M+11.0%174K6.21
    31 January 2022975K+8.4%252K3.87
    14 January 2022900K+9.0%173K5.19
    31 December 2021825K+9.2%228K3.63
    15 December 2021756K+23.8%180K4.20
    30 November 2021610K-11.8%154K3.97
    15 November 2021692K+44.4%194K3.57
    29 October 2021479K+2.5%122K3.94
    15 October 2021468K-12.0%125K3.75
    30 September 2021532K-9.0%250K2.13
    15 September 2021584K+21.4%160K3.66
    31 August 2021481K-10.6%111K4.35
    13 August 2021538K-23.6%163K3.31
    30 July 2021704K+2.6%153K4.62
    15 July 2021686K+9.8%142K4.82
    30 June 2021625K-5.9%254K2.46
    15 June 2021665K+1.8%148K4.50
    28 May 2021653K-11.6%158K4.13
    14 May 2021738K-3.7%144K5.13
    30 April 2021767K+5.9%125K6.13
    15 April 2021724K-12.3%104K6.95
    31 March 2021826K+6.4%189K4.37
    15 March 2021777K+4.5%178K4.36
    26 February 2021743K+2.8%175K4.25
    12 February 2021723K-12.2%128K5.63
    29 January 2021824K-1.3%147K5.60
    15 January 2021835K-9.9%199K4.20
    31 December 2020926K+23.1%204K4.53
    15 December 2020753K-8.2%153K4.93
    30 November 2020820K+52.5%220K3.73
    13 November 2020537K+34.8%175K3.07
    30 October 2020399K-19.8%183K2.18
    15 October 2020497K+22.5%156K3.19
    30 September 2020406K-3.2%239K1.70
    15 September 2020419K+15.6%197K2.12
    31 August 2020362K-25.9%154K2.36
    14 August 2020489K+14.8%169K2.89
    31 July 2020426K-14.8%151K2.83
    15 July 2020500K-16.8%294K1.70
    30 June 2020601K+62.0%242K2.48
    15 June 2020371K-11.8%255K1.46
    29 May 2020421K-1.6%185K2.27
    15 May 2020427K+19.6%173K2.47
    30 April 2020358K-9.5%174K2.06
    15 April 2020395K-9.7%236K1.67
    31 March 2020437K-25.7%367K1.19
    13 March 2020589K+15.3%259K2.27
    28 February 2020510K+2.6%192K2.66
    14 February 2020498K+18.2%111K4.49
    31 January 2020421K-9.8%131K3.21
    15 January 2020467K+0.5%114K4.10
    31 December 2019464K+17.8%163K2.84
    13 December 2019394K-19.5%174K2.27
    29 November 2019490K-4.1%130K3.76
    15 November 2019511K+7.1%158K3.23
    31 October 2019477K-23.8%168K2.85
    15 October 2019626K-7.7%120K5.21
    30 September 2019679K-11.2%170K3.99
    13 September 2019765K-46.9%260K2.95
    30 August 20191.4M-7.1%140K10.31
    15 August 20191.6M+24.4%255K6.07
    31 July 20191.2M-6.4%203K6.14
    15 July 20191.3M-3.2%213K6.25
    28 June 20191.4M+9.0%462K2.98
    14 June 20191.3M+8.4%262K4.82
    31 May 20191.2M+13.4%224K5.20
    15 May 20191.0M-1.6%233K4.41
    30 April 20191.0M-2.2%181K5.76
    15 April 20191.1M-6.1%144K7.41
    29 March 20191.1M-2.9%171K6.66
    15 March 20191.2M+10.8%212K5.53
    28 February 20191.1M+4.5%142K7.42
    15 February 20191.0M+15.7%164K6.18
    31 January 2019873K-7.9%150K5.83
    15 January 2019948K+2.9%162K5.83
    31 December 2018921K+44.1%219K4.20
    14 December 2018640K+1.8%157K4.08
    30 November 2018628K+23.7%126K4.98
    15 November 2018508K-7.9%115K4.41
    31 October 2018551K-3.8%179K3.07
    15 October 2018573K-32.6%231K2.48
    28 September 2018850K+38.6%235K3.62
    14 September 2018613K-1.1%105K5.85
    31 August 2018620K-8.4%88K7.02
    15 August 2018677K+4.3%114K5.93
    31 July 2018649K+16.5%221K2.94
    13 July 2018557K-1.0%129K4.32
    29 June 2018563K+57.3%295K1.91
    15 June 2018358K+26.4%158K2.26
    31 May 2018283K-9.0%113K2.51
    15 May 2018311K-6.6%93K3.36
    30 April 2018333K-5.6%118K2.83
    13 April 2018353K-7.1%149K2.36
    29 March 2018380K-10.1%171K2.22
    15 March 2018423K-0.2%124K3.42
    28 February 2018424K-2.6%128K3.31
    15 February 2018435K+1.8%140K3.10
    31 January 2018427K-21.1%143K2.99
    12 January 2018542K-23.8%239K2.26
    29 December 2017711K226K3.15
    Shares in millions (M) or thousands (K); hold the pointer on a figure for the exact count. FINRA publishes consolidated short interest twice a month, about ten days after each settlement.