88 /100
LOW RISK
Score updated Feb 27, 2026
SPRY
ARS Pharmaceuticals, Inc.

DilutionScore™ measures dilution risk across 5 factors. Lower scores indicate higher risk of share dilution.

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📊 Score Breakdown
📋 Offering Ability
80
💰 Cash Runway
100
📊 Float Risk
80
⚠️ Warrant Exposure
85
🔄Convertible Debt
💹 Market Data
Market Cap$917.32M
Shares Outstanding98.85M
Float93.01M
Cash$288.21M
Debt$169.80M
Short InterestN/A
🏛 Institutional Holdings
193 institutional holders · 86.42M shares
#1 RA CAPITAL MANAGEMENT, L.P. 10.86M shares
#2 ORBIMED ADVISORS LLC 8.29M shares
#3 DEERFIELD MANAGEMENT COMPANY, L.P. 7.50M shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest20.22M
Days to Cover9.3
% of Float21.8%
FINRA data as of Jan 15, 2026
📁 Recent SEC Activity
xbrl XBRL WARRANT Dec 31, 2023
xbrl XBRL CONVERTIBLE Dec 31, 2022
Full SEC filing analysis available with free account
📰 Recent News
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