TrustCo Bank Corp NY Short Interest Ratio and Short Volume

-0.27 (-0.77 %)
(As of 06/22/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume45,824 shs
Average Volume88,751 shs
Market Capitalization$668.71 million
P/E Ratio12.38
Dividend Yield3.89%

TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Data

Current Short Volume212,500 shares
Previous Short Volume1,170,000 shares
Change Vs. Previous Month-81.84%
Dollar Volume Sold Short$8.32 million
Short Interest Ratio / Days to Cover2.7
Last Record DateMay, 28 2021
Outstanding Shares19,288,000 shares
Float Size18,800,000 shares
Short Percent of Float1.13%
Today's Trading Volume45,824 shares
Average Trading Volume88,751 shares
Today's Volume Vs. Average-48.37%

Short Interest Over Time

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TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/28/2021212,500 shares $8.32 million -81.8%1.1%2.7 $39.13
5/14/20211,170,000 shares $9.00 million +34.2%1.2%3 $7.69
4/30/2021871,700 shares $6.47 million -10.5%0.9%2 $7.42
4/15/2021974,100 shares $7.33 million +0.9%1.0%2.1 $7.52
3/31/2021965,100 shares $7.20 million -8.1%1.0%2 $7.46
3/15/20211,050,000 shares $8.20 million +10.3%1.1%2 $7.81
2/26/2021951,600 shares $6.62 million -35.7%1.0%2 $6.96
2/12/20211,480,000 shares $9.98 million +32.1%1.6%3.1 $6.74
1/29/20211,120,000 shares $7.10 million -8.2%1.2%2.5 $6.34
1/15/20211,220,000 shares $8.77 million -8.3%1.3%2.8 $7.19
12/31/20201,330,000 shares $8.75 million +26.7%1.4%3.3 $6.58
12/15/20201,050,000 shares $6.66 million +24.5%1.1%2.6 $6.35
11/30/2020843,500 shares $5.31 million -34.1%0.9%2.1 $6.29
11/15/20201,280,000 shares $7.85 million -19.5%1.4%3 $6.13
10/30/20201,590,000 shares $8.59 million -12.2%1.7%4 $5.40
10/15/20201,810,000 shares $9.77 million -10.8%1.9%4.6 $5.40
9/30/20202,030,000 shares $10.60 million +69.2%2.2%4.9 $5.22
9/15/20201,200,000 shares $6.76 million -29.8%1.3%2.8 $5.63
8/31/20201,710,000 shares $10.19 million -3.4%1.8%4.2 $5.96
8/14/20201,770,000 shares $10.97 million -9.2%1.9%4.2 $6.20
7/31/20201,950,000 shares $11.29 million -19.1%2.1%3.7 $5.79
7/15/20202,410,000 shares $14.36 million No Change2.6%4.1 $5.96
6/30/20202,410,000 shares $14.97 million +5.7%2.6%4.1 $6.21
6/15/20202,280,000 shares $14.23 million +0.4%2.4%3.8 $6.24
5/29/20202,270,000 shares $15.16 million -9.2%2.4%3.5 $6.68

TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest FAQ

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What is TrustCo Bank Corp NY's current short interest?

Short interest is the volume of TrustCo Bank Corp NY shares that have been sold short but have not yet been closed out or covered. As of May 28th, traders have sold 212,500 shares of TRST short. 1.13% of TrustCo Bank Corp NY's shares are currently sold short. View details.

What is a good short interest ratio for TrustCo Bank Corp NY?

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. TrustCo Bank Corp NY currently has a short interest ratio of 3.0.

What is a good short interest percentage for TrustCo Bank Corp NY?

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. 1.13% of TrustCo Bank Corp NY's floating shares are currently sold short.

Is TrustCo Bank Corp NY's short interest increasing or decreasing?

TrustCo Bank Corp NY saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 212,500 shares, a decline of 81.8% from the previous total of 1,170,000 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 TrustCo Bank Corp NY's float size?

TrustCo Bank Corp NY currently has issued a total of 19,288,000 shares. Some of TrustCo Bank Corp NY'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. TrustCo Bank Corp NY currently has a public float of 18,800,000 shares.

How does TrustCo Bank Corp NY's short interest compare to its competitors?

1.13% of TrustCo Bank Corp NY's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "thrifts & mortgage finance" compare to TrustCo Bank Corp NY: People's United Financial, Inc. (2.12%), TFS Financial Co. (1.86%), New York Community Bancorp, Inc. (7.96%), MGIC Investment Co. (5.82%), Radian Group Inc. (3.74%), The Simply Good Foods Company (3.44%), Walker & Dunlop, Inc. (1.75%), LendingTree, Inc. (16.38%), Washington Federal, Inc. (3.65%), and WSFS Financial Co. (3.22%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($25.04 billion), AstraZeneca PLC ($7.50 billion), Aon plc ($7.09 billion), Square, Inc. ($6.95 billion), Analog Devices, Inc. ($6.90 billion), Advanced Micro Devices, Inc. ($6.79 billion), Charter Communications, Inc. ($6.18 billion), S&P Global Inc. ($5.54 billion), Sea Limited ($4.96 billion), and Wayfair Inc. ($4.25 billion). View all of the most shorted stocks.

What does it mean to sell short TrustCo Bank Corp NY stock?

Short selling TRST is an investing strategy that aims to generate trading profit from TrustCo Bank Corp NY as its price is falling. TrustCo Bank Corp NY's stock is trading down $0.27 today. To short TrustCo Bank Corp NY 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 TrustCo Bank Corp NY 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 TrustCo Bank Corp NY?

A short squeeze for TrustCo Bank Corp NY 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 TRST, which in turn drives the price of the stock up even further.

How often is TrustCo Bank Corp NY'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 TRST, twice per month. The most recent reporting period available is May, 28 2021.

This page was last updated on 6/22/2021 by Staff
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