38 /100
MEDIUM RISK
Score updated May 30, 2026

HRTX — Heron Therapeutics, Inc. Dilution Risk Tracker

Track HRTX dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
10
📊 Float Risk
37
⚠️ Warrant Exposure
15
🔄Convertible Debt

🌦️ Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
47%
🔄 Reverse Split 55%
• 50-day avg $0.95 below $1 exchange minimum
🔁 Convertible Conversion 40%
• Significant convertible debt: 20% potential dilution
• Elevated convertible risk (60/100)
📉 Score Deterioration 40%
• Score rose 18 points recently (worsening)
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💹 Market Data

Market Cap$164.69M
Shares Outstanding189.28M
Float135.48M
Cash$44.78M
Debt$141.63M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↓ 7.8% shares (2025Q4 vs prior)
169 institutional holders · 157.81M shares
#1 Rubric Capital Management LP 30.05M shares
#2 Clearline Capital LP 12.24M shares
#3 ADAGE CAPITAL PARTNERS GP, L.L.C. 11.19M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest39.68M
Days to Cover14.0
% of Float29.3%
FINRA data as of May 15, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Mar 31, 2026
xbrl XBRL WARRANT Dec 31, 2023
4 INSIDER TRANSACTION Apr 06, 2026
4 INSIDER TRANSACTION Feb 03, 2026
4 INSIDER TRANSACTION Feb 03, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news
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🔬 More Research for HRTX
📊 HRTX FDA Catalyst Timeline & Biotech Grade — BiotechSigns 📡 HRTX Signal Convergence & Dark Pool Activity — StonkWhisper

Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.