Macatawa Bank (MCBC) Short Interest Ratio & Short Volume

Short interest is the volume of Macatawa Bank shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 85,800 shares of MCBC short. 0.33% of Macatawa Bank's shares are currently sold short. Learn More on Macatawa 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. MCBC shares currently have a short interest ratio of 1.0. Learn More on Macatawa Bank's short interest ratio.

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. 0.33% of Macatawa Bank's floating shares are currently sold short.

Macatawa Bank saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 85,800 shares, an increase of 13.2% from the previous total of 75,800 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.

Macatawa Bank currently has issued a total of 34,360,000 shares. Some of Macatawa 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. Macatawa Bank currently has a public float of 26,040,000 shares.

0.33% of Macatawa Bank's shares are currently sold short. Here is how the short interest of companies compare to Macatawa Bank: Cambridge Bancorp (1.28%), Farmers National Banc Corp. (1.51%), Metropolitan Bank Holding Corp. (5.62%), Heritage Commerce Corp (1.29%), TrustCo Bank Corp NY (1.14%), Capital City Bank Group, Inc. (0.31%), HarborOne Bancorp, Inc. (1.01%), Independent Bank Co. (1.15%), Equity Bancshares, Inc. (0.72%), Washington Trust Bancorp, Inc. (3.44%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling MCBC is an investing strategy that aims to generate trading profit from Macatawa Bank as its price is falling. MCBC shares are trading up $0.02 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 Macatawa 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 MCBC, 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 MCBC, twice per month. The most recent reporting period available is April, 15 2024.