S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
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TowneBank Short Interest Ratio and Short Volume

-0.05 (-0.20 %)
(As of 01/19/2021 12:00 AM ET)
Today's Range
Now: $25.37
50-Day Range
MA: $23.86
52-Week Range
Now: $25.37
Volume124,433 shs
Average Volume175,285 shs
Market Capitalization$1.84 billion
P/E Ratio14.02
Dividend Yield2.83%

Short Interest

TowneBank (NASDAQ:TOWN) Short Interest Data

Current Short Volume:463,800 shares
Previous Short Volume:476,900 shares
Change Vs. Previous Month:-2.75%
Dollar Volume Sold Short:$11.82 million
Short Interest Ratio / Days to Cover:2.0
Last Record Date:December, 31 2020
Outstanding Shares:72,060,000 shares
Float Size:64,630,000 shares
Short Percent of Float:0.72%
Today's Trading Volume:124,433 shares
Average Trading Volume:175,285 shares
Today's Volume Vs. Average:-29.01%

TowneBank (NASDAQ:TOWN) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
12/31/2020463,800 $11.82 million -2.8%0.7%2.3$25.48
12/15/2020463,800 $10.87 million -2.8%0.7%2.3$23.43
11/30/2020476,900 $11.27 million 20.8%0.7%2.2$23.63
11/15/2020394,700 $8.58 million -10.3%0.6%1.8$21.75
10/30/2020439,900 $9.11 million -12.3%0.7%2.1$20.72
10/15/2020501,700 $9.07 million -18.7%0.8%2.4$18.07
9/30/2020616,700 $11.16 million -20.3%1.0%3.1$18.09
9/15/2020773,500 $12.32 million -0.4%1.2%3.9$15.93
8/31/2020776,500 $13.34 million 3.7%1.2%4.1$17.18
8/14/2020748,600 $13.23 million -8.0%1.2%3.9$17.67
7/31/2020813,600 $15.56 million -5.1%1.3%4.1$19.12
7/15/2020857,500 $15.13 million 3.8%1.3%4.2$17.64
6/30/2020825,800 $15.07 million 40.9%1.3%4$18.25
6/15/2020586,300 $10.68 million -3.0%0.9%2.8$18.21
5/29/2020604,700 $10.63 million 0.0%0.9%2.7$17.58
5/15/2020604,800 $11.41 million 3.7%0.9%2.7$18.86
4/30/2020583,000 $11.59 million -1.1%0.9%2.8$19.88
4/15/2020589,200 $10.43 million 5.7%0.9%3.1$17.70
3/31/2020557,400 $10.25 million 2.2%0.9%3.1$18.39
3/13/2020545,500 $11.38 million 23.6%0.8%2.6$20.87
2/28/2020441,400 $6.91 million 2.5%0.7%3.6$15.66
2/14/2020430,500 $9.36 million -11.0%0.7%4.1$21.75
1/31/2020483,500 $12.39 million -0.1%0.8%4.3$25.62
1/15/2020484,100 $13.38 million 10.8%0.7%4$27.64
12/31/2019436,800 $12.04 million 2.9%0.7%3.7$27.57

TowneBank (NASDAQ:TOWN) Short Interest FAQ

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What is TowneBank's current short interest?

Short interest is the volume of TowneBank shares that have been sold short but have not yet been covered or closed out. As of December 31st, investors have sold 463,800 shares of TOWN short. 0.72% of TowneBank's shares are currently sold short. View details.

What is a good short interest ratio for TowneBank?

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. TowneBank currently has a short interest ratio of 2.0.

What is a good short interest percentage for TowneBank?

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. 0.72% of TowneBank's floating shares are currently sold short.

Is TowneBank's short interest increasing or decreasing?

TowneBank saw a drop in short interest in December. As of December 31st, there was short interest totaling 463,800 shares, a drop of 2.7% from the previous total of 476,900 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.

What is TowneBank's float size?

TowneBank currently has issued a total of 72,630,000 shares. Some of TowneBank'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. TowneBank currently has a public float of 64,630,000 shares.

How does TowneBank's short interest compare to its competitors?

0.72% of TowneBank's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "regional banks" compare to TowneBank: Truist Financial Co. (0.77%), The PNC Financial Services Group, Inc. (1.39%), First Republic Bank (0.00%), SVB Financial Group (0.00%), Fifth Third Bancorp (1.43%), M&T Bank Co. (1.78%), KeyCorp (1.14%), Regions Financial Co. (2.21%), Huntington Bancshares Incorporated (1.74%), and East West Bancorp, Inc. (1.32%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.18 billion), ViacomCBS Inc. ($4.71 billion), Analog Devices, Inc. ($4.45 billion), Aon Plc ($4.28 billion), Snap Inc. ($3.70 billion), Moderna, Inc. ($3.00 billion), The Clorox Company ($2.46 billion), Peloton Interactive, Inc. ($2.40 billion), The Kroger Co. ($2.38 billion), and Expedia Group, Inc. ($2.37 billion). View all of the most shorted stocks.

What does it mean to sell short TowneBank stock?

Short selling TOWN is an investing strategy that aims to generate trading profit from TowneBank as its price is falling. TowneBank's stock is trading down $0.05 today. To short TowneBank 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 TowneBank 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 TowneBank?

A short squeeze for TowneBank 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 TOWN, which in turn drives the price of the stock up even further.

How often is TowneBank'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 TOWN, twice per month. The most recent reporting period available is December, 31 2020.

This page was last updated on 1/20/2021 by MarketBeat.com Staff

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