Mercantile Bank (MBWM) Short Interest Ratio & Short Volume

Short interest is the volume of Mercantile Bank shares that have been sold short but have not yet been closed out or covered. As of May 31st, investors have sold 132,600 shares of MBWM short. 0.87% of Mercantile Bank's shares are currently sold short. Learn More on Mercantile Bank's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MBWM shares currently have a short interest ratio of 2.0. Learn More on Mercantile Bank's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Mercantile Bank: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.87% of Mercantile Bank's floating shares are currently sold short.

Mercantile Bank saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 132,600 shares, a drop of 25.5% from the previous total of 177,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Mercantile Bank currently has issued a total of 16,120,000 shares. Some of Mercantile Bank's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Mercantile Bank currently has a public float of 15,190,000 shares.

0.87% of Mercantile Bank's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Mercantile Bank: HBT Financial, Inc. (0.59%), MetroCity Bankshares, Inc. (0.82%), Business First Bancshares, Inc. (0.60%), Independent Bank Co. (1.00%), Midland States Bancorp, Inc. (1.31%), Capital City Bank Group, Inc. (0.26%), Flushing Financial Co. (2.02%), MidWestOne Financial Group, Inc. (0.53%), CVB Financial Corp. (4.85%), Bank of Hawaii Co. (14.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.43 billion), Charter Communications, Inc. ($3.54 billion), Occidental Petroleum Co. ($3.11 billion), Moderna, Inc. ($2.88 billion), General Motors ($2.62 billion), Royal Caribbean Cruises Ltd. ($2.34 billion), Coinbase Global, Inc. ($2.25 billion), Tractor Supply ($2.12 billion), Dell Technologies Inc. ($1.89 billion), and Enphase Energy, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling MBWM is an investing strategy that aims to generate trading profit from Mercantile Bank as its price is falling. MBWM shares are trading down $0.80 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Mercantile Bank occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MBWM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MBWM, twice per month. The most recent reporting period available is May, 31 2024.