Independent Bank Short Interest Ratio and Short Volume

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.

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.

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.

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.

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.

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%).

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.

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.

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.

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.