Independent Bank Short Interest Ratio and Short Volume

-0.24 (-0.29 %)
(As of 04/15/2021 12:00 AM ET)
Today's Range
Now: $81.95
50-Day Range
MA: $88.17
52-Week Range
Now: $81.95
Volume110,862 shs
Average Volume146,160 shs
Market Capitalization$2.71 billion
P/E Ratio20.59
Dividend Yield2.34%

Short Interest

Independent Bank (NASDAQ:INDB) Short Interest Data

Current Short Volume638,900 shares
Previous Short Volume684,700 shares
Change Vs. Previous Month:-6.69%
Dollar Volume Sold Short$53.48 million
Short Interest Ratio / Days to Cover4.4
Last Record DateMarch, 31 2021
Outstanding Shares34,310,000 shares
Float Size32,560,000 shares
Short Percent of Float1.96%
Today's Trading Volume110,862 shares
Average Trading Volume146,160 shares
Today's Volume Vs. Average-24.15%

Short Interest Over Time

Independent Bank (NASDAQ:INDB) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021638,900 shares $53.48 million -6.7%2.0%4.4 $83.71
3/15/2021684,700 shares $59.60 million -2.2%2.1%4.4 $87.04
2/26/2021699,900 shares $66.99 million -4.6%2.2%5.1 $95.72
2/12/2021733,400 shares $62.71 million -8.4%2.3%5.4 $85.51
1/29/2021800,500 shares $64.83 million -0.2%2.5%6.2 $80.99
1/15/2021801,900 shares $61.32 million -0.7%2.5%5.9 $76.47
12/31/2020767,400 shares $60.10 million +6.0%2.4%5.4 $78.32
12/15/2020767,400 shares $56.86 million +6.0%2.4%5.4 $74.09
11/30/2020724,100 shares $53.90 million -7.3%2.2%4.7 $74.44
11/15/2020781,400 shares $52.85 million +9.2%2.4%5 $67.64
10/30/2020715,600 shares $49.09 million -0.9%2.2%4.9 $68.60
10/15/2020722,400 shares $42.02 million -1.4%2.2%5.2 $58.17
9/30/2020732,800 shares $38.99 million -19.7%2.3%5.7 $53.21
9/15/2020912,200 shares $45.72 million -9.7%2.8%7 $50.12
8/31/20201,010,000 shares $57.37 million -6.5%3.1%8 $56.80
8/14/20201,080,000 shares $67.76 million +0.9%3.3%7.9 $62.74
7/31/20201,070,000 shares $72.69 million -3.6%3.3%7 $67.93
7/15/20201,110,000 shares $71.62 million -8.3%3.4%6.6 $64.52
6/30/20201,210,000 shares $80.78 million No Change3.7%6.6 $66.76
6/15/20201,210,000 shares $78.23 million -1.6%3.7%5.6 $64.65
5/29/20201,230,000 shares $77.07 million -0.8%3.8%5.2 $62.66
5/15/20201,240,000 shares $86.14 million +1.6%3.8%5.1 $69.47
4/30/20201,220,000 shares $90.57 million +8.9%3.8%5.3 $74.24
4/15/20201,120,000 shares $71.46 million +3.7%3.4%5.1 $63.80
3/31/20201,080,000 shares $72.28 million -0.5%3.3%5 $66.93

Independent Bank (NASDAQ:INDB) Short Interest FAQ

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What is Independent Bank's current short interest?

Short interest is the volume of Independent Bank shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 638,900 shares of INDB short. 1.96% of Independent Bank's shares are currently sold short. View details.

What is a good short interest ratio for Independent Bank?

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. Independent Bank currently has a short interest ratio of 4.0.

What is a good short interest percentage for Independent Bank?

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. 1.96% of Independent Bank's floating shares are currently sold short.

Is Independent Bank's short interest increasing or decreasing?

Independent Bank saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 638,900 shares, a decline of 6.7% from the previous total of 684,700 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.

What is Independent Bank's float size?

Independent Bank currently has issued a total of 33,025,000 shares. Some of Independent 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. Independent Bank currently has a public float of 32,560,000 shares.

How does Independent Bank's short interest compare to its competitors?

1.96% of Independent Bank's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "regional banks" compare to Independent Bank: Truist Financial Co. (0.80%), The PNC Financial Services Group, Inc. (1.48%), First Republic Bank (0.00%), Fifth Third Bancorp (1.31%), SVB Financial Group (0.00%), Regions Financial Co. (1.97%), M&T Bank Co. (2.31%), KeyCorp (1.25%), Huntington Bancshares Incorporated (3.85%), and Signature Bank (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Independent Bank stock?

Short selling INDB is an investing strategy that aims to generate trading profit from Independent Bank as its price is falling. Independent Bank's stock is trading down $0.24 today. To short Independent Bank 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 Independent Bank 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.

How does a short squeeze work against Independent Bank?

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

How often is Independent Bank's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including INDB, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/15/2021 by Staff
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