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TowneBank (TOWN) Short Interest Ratio & Short Volume

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$34.32 +0.17 (+0.50%)
(As of 12/20/2024 05:16 PM ET)

TowneBank Short Interest Data

TowneBank (TOWN) has a short interest of 478,400 shares, representing 0.68% of the float (the number of shares available for trading by the public). This marks a -8.42% decrease in short interest from the previous month. The short interest ratio (days to cover) is 1.9, indicating that it would take 1.9 days of the average trading volume of 256,800 shares to cover all short positions.

Current Short Interest
478,400 shares
Previous Short Interest
522,400 shares
Change Vs. Previous Month
-8.42%
Dollar Volume Sold Short
$17.52 million
Short Interest Ratio
1.9 Days to Cover
Last Record Date
November 30, 2024
Outstanding Shares
75,001,000 shares
Float Size
69,880,000 shares
Short Percent of Float
0.68%
Today's Trading Volume
658,735 shares
Average Trading Volume
256,800 shares
Today's Volume Vs. Average
257%
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TOWN Short Interest Over Time

TOWN Days to Cover Over Time

TOWN Percentage of Float Shorted Over Time

TowneBank Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
11/30/2024478,400 shares $17.52 million -8.4%0.7%1.9 $36.63
11/15/2024522,400 shares $18.39 million -8.9%0.8%2.2 $35.21
10/31/2024573,700 shares $18.66 million +4.6%0.8%2.5 $32.52
10/15/2024548,400 shares $19.12 million -14.2%0.8%2.3 $34.86
9/30/2024638,900 shares $21.12 million -12.1%0.9%2.3 $33.06
9/15/2024726,600 shares $24.43 million -16.8%1.0%2.5 $33.62
8/31/2024872,900 shares $30.25 million -4.2%1.3%3.1 $34.65
8/15/2024911,000 shares $29.43 million -1.5%1.3%3.2 $32.31
7/31/2024924,800 shares $30.74 million -5.8%1.3%3.2 $33.24
7/15/2024981,700 shares $29.65 million +13.5%1.4%3.6 $30.20
6/30/2024865,100 shares $23.59 million +17.2%1.2%3.6 $27.27
6/15/2024738,200 shares $19.26 million +11.8%1.1%3.1 $26.09
5/31/2024660,400 shares $17.96 million +3.0%1.0%2.6 $27.19
5/15/2024641,500 shares $17.81 million -0.8%1.0%2.5 $27.76
4/30/2024646,600 shares $16.73 million +23.3%1.0%2.5 $25.87
4/15/2024524,600 shares $13.74 million +3.6%0.8%2.1 $26.20
3/31/2024506,200 shares $14.20 million -29.4%0.8%2.1 $28.06
3/15/2024717,000 shares $19.05 million +1.9%1.1%3.1 $26.57
2/29/2024703,700 shares $19.08 million +3.3%1.0%3.1 $27.11
2/15/2024681,200 shares $19.13 million +4.6%1.0%3.1 $28.08
1/31/2024651,300 shares $18.31 million -10.9%1.0%3.1 $28.11
1/15/2024730,600 shares $21.00 million -2.7%1.1%3.6 $28.74
12/31/2023750,500 shares $22.33 million +16.6%1.1%3.7 $29.76
12/15/2023643,500 shares $19.29 million +24.4%1.0%3.2 $29.98
11/30/2023517,100 shares $13.58 million -1.8%0.8%2.6 $26.26
11/15/2023526,500 shares $14.22 million -10.8%0.8%2.7 $27.00
10/31/2023590,200 shares $14.13 million +16.7%0.9%3.2 $23.94
10/15/2023505,900 shares $11.38 million -15.3%0.8%2.6 $22.50
9/30/2023597,500 shares $13.70 million +4.8%0.9%2.8 $22.93
9/15/2023570,300 shares $13.32 million -2.9%0.8%2.7 $23.36
8/31/2023587,600 shares $13.87 million -12.1%0.9%2.8 $23.60
8/15/2023668,800 shares $16.39 million +0.9%1.0%3 $24.51
7/31/2023662,800 shares $16.76 million -0.7%1.0%2.9 $25.28
7/15/2023667,300 shares $16.24 million -20.5%1.0%2.8 $24.33
6/30/2023839,100 shares $19.50 million -3.1%1.2%3.7 $23.24
6/15/2023865,600 shares $22.07 million -11.8%N/A3.7 $25.50
5/31/2023981,100 shares $22.80 million -4.8%N/A3.9 $23.24
5/15/20231,030,000 shares $22.53 million +8.4%N/A4.3 $21.87
4/30/2023949,800 shares $22.50 million +3.3%N/A4.1 $23.69
4/15/2023919,900 shares $22.79 million -6.6%N/A4.3 $24.77
Why I'm telling friends to avoid gold stocks (Ad)

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.
3/31/2023984,900 shares $26.25 million +8.3%N/A4.7 $26.65
3/15/2023909,100 shares $24.82 million +24.7%N/A4.8 $27.30
2/28/2023728,900 shares $22.11 million +9.4%N/A4.5 $30.33
2/15/2023666,300 shares $19.96 million -7.1%N/A4.3 $29.96
1/31/2023717,300 shares $21.86 million -14.5%N/A4.7 $30.47
1/15/2023839,300 shares $26.37 million -6.7%1.3%5.7 $31.42
12/30/2022899,200 shares $27.73 million -1.2%N/A6 $30.84
12/15/2022910,300 shares $27.57 million +13.1%N/A6 $30.29
11/30/2022805,000 shares $26.00 million -5.2%1.2%5.3 $32.30
11/15/2022849,300 shares $27.92 million -13.4%1.3%5.8 $32.87
10/31/2022980,600 shares $32.30 million -4.8%1.5%6.9 $32.94
10/15/20221,030,000 shares $30.03 million +1.0%1.5%7.8 $29.16
9/30/20221,020,000 shares $27.37 million -3.8%1.5%8.1 $26.83
9/15/20221,060,000 shares $30.10 million +5.0%1.6%8 $28.40
8/31/20221,010,000 shares $28.77 million -3.8%1.5%6.9 $28.49
8/15/20221,050,000 shares $32.35 million +8.4%1.6%6.9 $30.81
7/31/2022968,700 shares $28.94 million -7.7%1.5%5.9 $29.87
7/15/20221,050,000 shares $28.91 million +1.0%N/A5.8 $27.53
6/30/20221,040,000 shares $28.24 million +11.4%N/A5.6 $27.15
6/15/2022934,000 shares $26.20 million +6.2%N/A4.8 $28.05
5/31/2022879,600 shares $25.93 million +6.6%1.3%4.3 $29.48
5/15/2022824,800 shares $22.86 million +8.0%1.2%3.8 $27.72
4/30/2022764,000 shares $21.06 million +3.5%1.1%3.5 $27.57
4/15/2022738,500 shares $21.41 million +1.6%1.1%3.4 $28.99
3/31/2022726,900 shares $21.76 million +13.4%1.1%3.1 $29.94
3/15/2022640,900 shares $19.87 million +23.7%1.0%2.7 $31.01
2/28/2022518,000 shares $16.15 million +10.9%0.8%2.5 $31.18
2/15/2022467,100 shares $14.84 million +24.8%0.7%2.3 $31.77
1/31/2022374,200 shares $11.74 million +59.3%0.6%1.9 $31.38
1/15/2022234,900 shares $8.08 million +30.7%0.4%1.3 $34.38
12/31/2021179,800 shares $5.68 million -39.2%0.3%1 $31.59
12/15/2021295,800 shares $9.25 million +16.3%0.4%1.9 $31.27
11/30/2021254,300 shares $7.78 million -10.2%0.4%1.6 $30.59
11/15/2021283,300 shares $9.28 million -18.7%0.4%1.8 $32.77
10/29/2021348,600 shares $10.99 million -19.7%0.5%2.2 $31.52
10/15/2021434,000 shares $13.84 million +7.5%0.7%2.9 $31.90
9/30/2021403,600 shares $12.56 million -17.7%0.6%2.8 $31.11
9/15/2021490,600 shares $14.24 million -12.9%0.7%3.2 $29.02
8/31/2021563,400 shares $17.17 million -2.3%0.8%3.9 $30.47
8/13/2021576,600 shares $18.01 million -9.6%0.9%4.1 $31.24
7/30/2021638,100 shares $19.02 million -2.7%1.0%4.4 $29.81
7/15/2021655,900 shares $19.91 million +27.5%1.0%4.3 $30.35
6/30/2021514,600 shares $15.65 million -26.4%0.8%3.4 $30.42
6/15/2021699,100 shares $22.03 million -3.1%1.1%5 $31.51
5/28/2021721,100 shares $23.10 million -6.1%1.1%4.9 $32.03
5/14/2021767,500 shares $24.96 million -2.2%1.2%4.6 $32.52
4/30/2021784,900 shares $23.99 million -3.5%1.2%4.7 $30.57
4/15/2021813,300 shares $25.11 million +1.3%1.3%4.7 $30.88
3/31/2021803,000 shares $24.60 million -20.5%1.2%4.5 $30.64
3/15/20211,010,000 shares $32.59 million +4.3%1.6%5.1 $32.27
Why I'm telling friends to avoid gold stocks (Ad)

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.
2/26/2021968,300 shares $28.25 million +12.2%1.5%5.2 $29.17
2/12/2021862,900 shares $23.16 million +21.1%1.3%5.1 $26.84
1/29/2021712,800 shares $16.94 million -2.5%1.1%3.8 $23.76
1/15/2021731,100 shares $18.87 million -9.4%N/A3.9 $25.81
12/31/2020806,700 shares $18.64 million +73.9%1.3%4.1 $23.11
12/15/2020463,800 shares $10.57 million -2.8%0.7%2.3 $22.79
11/30/2020476,900 shares $10.63 million +20.8%0.7%2.2 $22.30
11/15/2020394,700 shares $8.18 million -10.3%0.6%1.8 $20.72
10/30/2020439,900 shares $7.85 million -12.3%0.7%2.1 $17.84
10/15/2020501,700 shares $8.90 million -18.7%0.8%2.4 $17.74
9/30/2020616,700 shares $10.11 million -20.3%1.0%3.1 $16.40
9/15/2020773,500 shares $13.11 million -0.4%1.2%3.9 $16.95
8/31/2020776,500 shares $13.77 million +3.7%1.2%4.1 $17.73
8/14/2020748,600 shares $14.52 million -8.0%1.2%3.9 $19.40
7/31/2020813,600 shares $14.35 million -5.1%1.3%4.1 $17.64
7/15/2020857,500 shares $15.18 million +3.8%1.3%4.2 $17.70
6/30/2020825,800 shares $15.56 million +40.9%1.3%4 $18.84
6/15/2020586,300 shares $10.72 million -3.0%0.9%2.8 $18.29
5/29/2020604,700 shares $11.81 million 0.0%0.9%2.7 $19.53
5/15/2020604,800 shares $9.80 million +3.7%0.9%2.7 $16.21
4/30/2020583,000 shares $11.78 million -1.1%0.9%2.8 $20.20
4/15/2020589,200 shares $10.63 million +5.7%0.9%3.1 $18.04
3/31/2020557,400 shares $10.25 million +2.2%0.9%3.1 $18.39
3/13/2020545,500 shares $11.38 million +23.6%0.8%2.6 $20.87
2/28/2020441,400 shares $6.91 million +2.5%0.7%3.6 $15.66
2/14/2020430,500 shares $9.36 million -11.0%0.7%4.1 $21.75
1/31/2020483,500 shares $12.39 million -0.1%0.8%4.3 $25.62
1/15/2020484,100 shares $13.38 million +10.8%0.7%4 $27.64
12/31/2019436,800 shares $12.04 million +2.9%0.7%3.7 $27.57

TOWN Short Interest - Frequently Asked Questions

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 closed out or covered. As of November 30th, traders have sold 478,400 shares of TOWN short. 0.68% of TowneBank's shares are currently sold short. Learn More on TowneBank's current short interest.

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. TOWN shares currently have a short interest ratio of 2.0. Learn More on TowneBank's short interest ratio.

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. 0.68% of TowneBank's floating shares are currently sold short.

Is TowneBank's short interest increasing or decreasing?

TowneBank saw a decline in short interest in the month of November. As of November 30th, there was short interest totaling 478,400 shares, a decline of 8.4% from the previous total of 522,400 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 75,001,000 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 69,880,000 shares.

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

0.68% of TowneBank's shares are currently sold short. Here is how the short interest of companies in the industry of "regional banks" compare to TowneBank: First Horizon Co. (1.96%), Webster Financial Co. (2.18%), Western Alliance Bancorporation (5.89%), Pinnacle Financial Partners, Inc. (2.41%), Cullen/Frost Bankers, Inc. (4.61%), Wintrust Financial Co. (1.15%), Commerce Bancshares, Inc. (1.73%), Zions Bancorporation, National Association (3.54%), Synovus Financial Corp. (2.02%), Prosperity Bancshares, Inc. (2.01%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 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. TOWN shares are trading up $0.17 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.

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 appreciates 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 November, 30 2024.




This page (NASDAQ:TOWN) was last updated on 12/21/2024 by MarketBeat.com Staff
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