INDB Independent Bank Corp/MA
XNAS
81.30
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
INDB
$81.30
—
Key stats
$81.30
- 52-Week Range
- $65.44 – $87.50
- YTD
- +11.08%
- IV Rank (30D)
- 16.09
- Straddle Price
- $5.55
- P/C Vol Ratio
- 1.44
- Market Cap
- $3.8B
- Open
- $81.00
- Day Range
- $80.36 – $81.38
- Volume
- 486,403
- Prev Close
- $80.88
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.81 |
| Cost of Equity (CAPM) | 9.19% (VRP-adj) |
| WACC | 8.87% |
| Volatility Risk Premium | +33.7pp (IV − HV30) |
| Effective Tax Rate | 22.2% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.3B |
| Return on Equity (TTM) | 7.7% |
| Book / Price | 92.8% — banking bias active (P/B is primary) |
| Bank Quality Adj | ×0.68 (target ROE vs peer median) |
| Gross Margin (TTM) | 74.2% |
| FCF Margin (TTM) | 24.2% |
| Debt / Equity | 0.10 |
| Quality Score | 5/6 — high quality (12y DCF) |
| Market-Implied Growth | -0.8% (reverse-DCF on current price) |
| SMA 50 | $81.28 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $78.79 |
| Bollinger Width / SMA20 | 10.1% (drives anchor stability) |
| Net Debt | $0.1B |
| Market Cap | $4B |
Peers used for multiples: AUB, BANF, CATY, CHCO, MKTX, NBTB, SFNC, UCB
Blended Fair Value
$175.43
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $599.09 | 19% | |
| DDM (Gordon) | $62.90 | 15% | |
| Peer P/E | $47.40 | 6% | median 12.5× · 7 peers |
| Peer EV/EBITDA | n/a | 0% | median 10.7× · 7 peers |
| Peer P/B | $102.23 | 8% | median 1.4× · 8 peers |
| Peer P/S | $66.21 | 3% | median 3.3× · 8 peers |
| Market Anchor (SMA50) | $81.28 | 37% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $85.80 | 12% | 13 strikes · skew -0.45 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- STATE COMMERCIAL BANKS (6022) · industry map
- Exchange
- XNAS
- Market Cap
- $3.8B
- Employees
- 2,294
- List Date
- 1986-01-01
- CIK
- 0000776901
- Headquarters
- Rockland, MA
- Homepage
- https://www.rocklandtrust.com
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consume…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.42% | 1.24% | -3.42% | -14.06% | 6.28% | 10.37% | 0.64% |
| Feb | 11.50% | 2.20% | -0.77% | -4.45% | 3.52% | -4.90% | 1.18% |
| Mar | -4.18% | -0.11% | -16.55% | 2.10% | -7.91% | -5.88% | -5.42% |
| Apr | -3.21% | -5.28% | -13.14% | -1.10% | -5.43% | 2.34% | -4.30% |
| May | -2.06% | 7.59% | -18.03% | -0.16% | 2.83% | 2.10% | -1.29% |
| Jun | -7.83% | -3.66% | -2.15% | 1.42% | 3.14% | 7.96% | -0.19% |
| Jul | -6.85% | 2.80% | 30.47% | 29.62% | -2.74% | -1.36% | 8.66% |
| Aug | 8.07% | -7.29% | -8.52% | 2.49% | 15.23% | -4.49% | 0.92% |
| Sep | 0.09% | -3.99% | -12.40% | -5.21% | -2.65% | -2.86% | -4.50% |
| Oct | 6.64% | 15.02% | 0.72% | 9.83% | -2.66% | 3.00%* | 5.42% |
| Nov | -9.61% | 4.08% | 14.09% | 15.64% | 6.35% | -- | 6.11% |
| Dec | 3.32% | -7.08% | 10.11% | -11.67% | -0.26% | -- | -1.12% |
| Total | -3.12% | 3.28% | -26.29% | 18.61% | 14.48% | 5.05% | 2.00% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $78.79
SMA 50: $81.28
SMA 200: $80.35
Current: $81.30
EMA 12: $79.14
EMA 26: $79.60
MACD: -0.4526 | Signal: 0.5242
BEARISH
ADX (14): 24.29
WEAK TREND
+DI: 28.43
−DI: 23.91
Momentum Oscillators
RSI (14): 57.53
NEUTRAL
Stoch %K: 87.14
Stoch %D: 76.61
Williams %R: -1.88
Volume & Volatility
BB Upper: $81.91
BB Lower: $75.66
NEUTRAL
OBV: -5,432,685
Vol SMA 20: 484,314
Vol ROC: 24.06%
ATR: $1.69
True Range: $1.02
HV 20: 22.5%
HV 30: 19.7%
HV 60: 18.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Strong technical signals from RSI, MACD, and Bollinger Bands indicate a potential trend reversal
- Recent news headlines are neutral, with no significant market-moving events
Primary Risks:
- High volatility and recent bearish momentum may lead to further declines
- Divergence between IV rank and historical volatility levels suggests potential for increased risk
Investment Thesis: INDB's recent decline may be a buying opportunity, as technical signals indicate a possible trend reversal. However, high volatility and bearish sentiment remain concerns.
Recent News Sentiment Impact: Neutral news headlines have had little impact on the stock price, which continues to follow a downward trend.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): BEARISH; Medium-term (1-3 months): NEUTRAL; Long-term (3-12 months): BULLISH
Support/Resistance Levels: Key levels include:
- SMA 20: $77.69
- SMA 50: $77.20
- Lower Bollinger Band: $75.98
- Recent low: $76.40
Momentum Signals:
- RSI (14): 55.62 (neutral)
- MACD: -0.07 (bearish)
- Stochastic %K: 83.97; %D: 73.77; Williams %R: -15.62 (all neutral)
Volume Analysis: Volume trends and institutional interest signals:
- On-Balance Volume (OBV): -4361601.69
- Volume Rate of Change: 69.46%
- Institutional interest: 3 puts vs 1 call, with a put/call ratio of 3.00
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines from the last 10 days, with no significant market-moving events.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL (5/6).
Catalyst Identification: No recent catalysts have driven the stock price. Earnings are not scheduled for release in the near term.
Market Narrative: Neutral headlines and technical signals are currently driving INDB's price movement, with no significant market-moving events.
Risk & Volatility Assessment
Beta Interpretation: Beta of 1.02 indicates above-average volatility relative to the S&P 500.
Volatility Regime: Current volatility is higher than historical averages.
Options Market Signals:
- IV Rank: 13.9% (Low - shows if volatility is historically high/low)
- Current IV: 49.1%
- Expected Move: $4.97 (27 DTE), 7-DTE: $4.97
Market Context & Positioning
Sector Performance: INDB's performance is consistent with the overall banking sector.
Institutional Activity: Institutional interest remains low, with a put/call ratio of 3.00.
Correlation Analysis: R-squared interpretation indicates that INDB moves with the market amplification.
Relative Valuation: Position within trading range: NEUTRAL
Key Levels & Action Items
Critical Price Levels: Support/resistance to monitor:
- SMA 20: $77.69
- SMA 50: $77.20
- Lower Bollinger Band: $75.98
- Recent low: $76.40
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper Bollinger Band: $79.40
Time-Sensitive Catalysts: No earnings dates or other time-sensitive events.
Risk Management: Stop-loss levels and position sizing considerations:
- Set stop-loss at $76.40 to limit potential losses.
- Consider reducing position size due to high volatility and bearish momentum.
Generated
News
All INDB news →
Over $500 million in maturing securities are repricing toward 6%, structurally expanding margins without waiting for Fed moves.
Record net income and loan growth despite office real estate stress.
Earnings History
15 of 15 under expected move
Avg Expected Move
6.93%
Avg Actual Move
1.69%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-21 | Pre-Market | 4.04% | 1.65% | 0.41x | Within |
| 2023-07-20 | Pre-Market | 8.60% | 0.07% | 0.01x | Within |
| 2023-10-19 | Pre-Market | 6.78% | 1.22% | 0.18x | Within |
| 2024-01-18 | Pre-Market | 5.61% | 0.69% | 0.12x | Within |
| 2024-04-18 | Pre-Market | 8.82% | 1.90% | 0.22x | Within |
| 2024-07-18 | Pre-Market | 8.49% | 2.38% | 0.28x | Within |
| 2024-10-17 | Pre-Market | 7.59% | 1.32% | 0.17x | Within |
| 2025-01-16 | Pre-Market | 7.41% | 1.36% | 0.18x | Within |
| 2025-04-17 | unknown | 7.16% | 0.73% | 0.10x | Within |
| 2025-07-17 | Pre-Market | 7.32% | 2.37% | 0.32x | Within |
| 2025-10-16 | Pre-Market | 7.18% | 5.20% | 0.72x | Within |
| 2026-01-22 | Pre-Market | 6.87% | 1.46% | 0.21x | Within |
| 2026-04-16 | Pre-Market | 5.89% | 1.28% | 0.22x | Within |
| 2026-07-16 | Pre-Market | 5.72% | 2.31% | 0.40x | Within |
| 2026-10-15 | Pre-Market | 6.54% | 1.37% | 0.21x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
INDB Options Activity & IV Rank
INDB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 24.6%
7-DTE IV: —
Expected Move: $5.55
7-DTE Move: $5.55
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 9
Put Volume: 13
P/C Volume: 1.444
BEARISH
Call OI: 34
Put OI: 14
P/C OI: 0.412
Total OI: 48
ATM Options Pricing
ATM Call: $3.10
ATM Put: $2.45
Call %: 3.8%
Put %: 3.0%
Chain Summary
Chain Volume: 46
Chain OI: 95
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 6th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
6%
vs own history
GEX tilt
-0.86
OI-weighted, today
Vanna tilt
-0.76
δ-sensitivity to IV
Charm tilt
+1.00
δ-decay vs time
Vanna tilt -0.76: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 25.4% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)16.1LowOct 21
Straddle Price (30 DTE)$5.55Oct 21
Beta Analysis
Risk Metrics
Beta: 0.4899
Alpha: 11.61%
Correlation: 0.2847
R-Squared: 8.1%
Stock Volatility: 21.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own INDB
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $61.4M | #590 of 6285 | -25.5% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $16.8M | #238 of 997 | -2.2% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $4.3M | #1542 of 3138 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $313K | #3333 of 3716 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $162K | #2713 of 4729 | +66.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
INDB Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 46,947,241 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
1 filers$1.53M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.53M | 100.00% | 2026-06-30 |
INDB Insider Trading (Form 4)
Latest: 2026-08-31Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-31 | Eileen C Miskell | Director | Gift (G) | −842 | — | EDGAR | |
| 2026-08-26 | Thomas R Venables | Director | Sell (S) | −3,750 | $83.00 | -$311.2K | EDGAR |
| 2026-08-05 | Gerard F Nadeau | Director | Sell (S) | −5,307 | $84.69 | -$449.5K | EDGAR |
| 2026-06-01 | Joseph C Lerner | Director | Sell (S) | −2,832 | $77.31 | -$219.0K | EDGAR |
| 2026-05-21 | James O'Shanna Morton | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Thomas R Venables | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | John J Morrissey | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Donna L Abelli | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Leif O'Leary | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Ken S Ansin | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Gerard F Nadeau | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Dawn Perry | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Michael P. Hogan | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Susan Perry O'Day | Director | Award (A) | +842 | — | EDGAR | |
| 2026-05-21 | Daniel F OBrien | Director | Award (A) | +842 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
INDB Insider Holdings
25 insiders · @ $81.30
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Ken S Ansin | Director | 177,041 | $14.39M | -$17.23M | 7 | 2026-05-21 |
| 2 | Jeffrey J Tengel | Chief Executive Officer | 47,775 | $3.88M | $202.2K | 14 | 2026-03-16 |
| 3 | Thomas R Venables | Director | 38,403 | $3.12M | -$3.32M | 33 | 2026-08-26 |
| 4 | Daniel F OBrien | Director | 35,769 | $2.91M | -$1.07M | 33 | 2026-05-21 |
| 5 | Mark J Ruggiero | CFO & EVP Consumer Lending | 27,924 | $2.27M | -$26.5K | 51 | 2026-03-16 |
| 6 | Joseph C Lerner | Director | 21,165 | $1.72M | -$219.0K | 3 | 2026-06-01 |
| 7 | Gerard F Nadeau | Director | 17,183 | $1.40M | -$4.96M | 102 | 2026-08-05 |
| 8 | Maria S Harris | Chief Human Resources Officer | 16,627 | $1.35M | -$25.1K | 41 | 2026-03-16 |
| 9 | Donna L Abelli | Director | 16,300 | $1.33M | -$392.9K | 35 | 2026-05-21 |
| 10 | James T. Rizzo | Chief Commercial Banking Off. | 14,973 | $1.22M | $0 | 11 | 2026-03-16 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
INDB Board & Officers
As of SEC filings through Aug 31, 2026Directors 14
- Eileen C Miskell · on file since 2006
- Donna L Abelli · on file since Apr 2006
- Daniel F OBrien · since Apr 10, 2009
- Thomas R Venables · since Apr 10, 2009
- John J Morrissey · since Nov 9, 2012
- Michael P. Hogan · since Apr 3, 2017
- Gerard F Nadeau · listed since May 2017
- James O'Shanna Morton · since Feb 1, 2021
- Susan Perry O'Day · since Sep 1, 2021
- Jeffrey J Tengel · since Feb 6, 2023
- Dawn Perry · since Apr 1, 2025
- Leif O'Leary · since Apr 1, 2025
- Joseph C Lerner · since Jul 1, 2025
- Ken S Ansin · since Jul 1, 2025
Officers 9
- Jeffrey J Tengel · Chief Executive Officer · since Feb 6, 2023
- Mark J Ruggiero · CFO & EVP Consumer Lending · listed since May 2023
- James T. Rizzo · Chief Commercial Banking Off. · since Dec 14, 2023
- Kathryn O'Malley · Chief Credit Officer · since Dec 14, 2023
- Maria S Harris · Chief Human Resources Officer · listed since Feb 2024
- Tamina O'Neill · Chief Risk Officer · since Aug 4, 2025
- Lee C Powlus · Chief Administrative Officer · listed since Feb 2026
- Patricia M Natale · General Counsel · since May 19, 2023
- Maureen A. Gaffney · Principal Accounting Officer · since Mar 20, 2023
Changes in the last 10 years (59)
| May 19, 2026 | Scott Smith reported in an SEC filing no longer being a director |
| Apr 14, 2026 | Mary L Lentz reported in an SEC filing no longer being a director |
| Feb 23, 2026 | Lee C Powlus listed as Chief Administrative Officer (previously Chief Tech & Operations Off.) in SEC filings |
| Aug 4, 2025 | Tamina O'Neill became Chief Risk Officer |
| Jul 11, 2025 | Aparna Ramesh reported in an SEC filing no longer being a director |
| Jul 1, 2025 | Ken S Ansin became a director |
| Jul 1, 2025 | Joseph C Lerner became a director |
| May 9, 2025 | The company announced the departure of Gerard F Nadeau as President in an SEC filing |
| May 9, 2025 | The company announced the departure of Gerard F Nadeau as Executive Vice President in an SEC filing |
| Apr 1, 2025 | Leif O'Leary became a director |
| Apr 1, 2025 | Dawn Perry became a director |
| Apr 1, 2025 | Aparna Ramesh became a director |
| Feb 26, 2024 | Maria S Harris listed as Chief Human Resources Officer (previously Senior Vice President) in SEC filings |
| Dec 14, 2023 | Kathryn O'Malley became Chief Credit Officer |
| Dec 14, 2023 | James T. Rizzo became Chief Commercial Banking Off. |
| Sep 11, 2023 | Lee C Powlus became Chief Tech & Operations Off. |
| Aug 23, 2023 | Barry H Jensen reported in an SEC filing no longer being Chief Technology & Ops Officer |
| Jul 11, 2023 | Christopher Oddleifson reported in an SEC filing no longer being a director |
| Jul 11, 2023 | Christopher Oddleifson reported in an SEC filing no longer being Executive Advisor |
| May 23, 2023 | Edward H Seksay reported in an SEC filing no longer being General Counsel |
| May 22, 2023 | Warren Q. Fields reported in an SEC filing no longer being a director |
| May 19, 2023 | Patricia M Natale became General Counsel |
| May 1, 2023 | Mark J Ruggiero listed as CFO & EVP Consumer Lending (previously CFO & Principal Acct Officer) in SEC filings |
| Mar 21, 2023 | Kevin J Jones reported in an SEC filing no longer being a director |
| Mar 20, 2023 | Maureen A. Gaffney became Principal Accounting Officer |
| Mar 15, 2023 | Robert D Cozzone reported in an SEC filing no longer being Chief Operating Officer |
| Feb 17, 2023 | Christopher Oddleifson listed as Executive Advisor (previously CEO) in SEC filings |
| Feb 6, 2023 | Jeffrey J Tengel became a director |
| Feb 6, 2023 | Jeffrey J Tengel became Chief Executive Officer |
| Aug 17, 2022 | Edward H Seksay listed as General Counsel (previously General Counsel/Chief Risk Off) in SEC filings |
| Aug 15, 2022 | Dawn Mugford became Chief Risk Officer |
| Jun 9, 2022 | Frederick Taw reported in an SEC filing no longer being a director |
| Sep 1, 2021 | Susan Perry O'Day became a director |
| Feb 1, 2021 | Warren Q. Fields became a director |
| Feb 1, 2021 | James O'Shanna Morton became a director |
| Jan 4, 2021 | David A Powers reported in an SEC filing no longer being a director |
| Feb 11, 2020 | William M Parent reported in an SEC filing no longer being a director |
| Jan 6, 2020 | Brian S Tedeschi reported in an SEC filing no longer being a director |
| Nov 6, 2019 | Edward H Seksay listed as General Counsel/Chief Risk Off (previously General Counsel) in SEC filings |
| Nov 5, 2019 | Mark J Ruggiero listed as CFO & Principal Acct Officer (previously Principal Accounting Officer) in SEC filings |
| Oct 30, 2019 | Robert D Cozzone listed as Chief Operating Officer (previously CFO) in SEC filings |
| Apr 1, 2019 | William M Parent became a director |
| Apr 1, 2019 | Scott Smith became a director |
| Apr 1, 2019 | David A Powers became a director |
| Feb 13, 2019 | Robert D Cozzone listed as CFO (previously CFO and Treasurer) in SEC filings |
| Feb 13, 2019 | Gerard F Nadeau first listed as President in an SEC filing |
| Jan 29, 2019 | Christopher Oddleifson listed as CEO (previously President and CEO) in SEC filings |
| Dec 14, 2018 | John H Spurr Jr reported in an SEC filing no longer being a director |
| Nov 27, 2018 | Carl Ribeiro reported in an SEC filing no longer being a director |
| Feb 15, 2018 | Barry H Jensen listed as Chief Technology & Ops Officer (previously Chief Information Officer) in SEC filings |
| Dec 28, 2017 | William P Bissonnette reported in an SEC filing no longer being a director |
| Dec 4, 2017 | Pamela L. Frey reported in an SEC filing no longer being Executive Vice President |
| Jun 22, 2017 | Maurice H Sullivan Jr reported in an SEC filing no longer being a director |
| May 2, 2017 | Raymond G Fuerschbach reported in an SEC filing no longer being Senior Vice President |
| May 2, 2017 | Gerard F Nadeau first listed as a director in an SEC filing |
| Apr 3, 2017 | Michael P. Hogan became a director |
| Apr 1, 2017 | Pamela L. Frey became Executive Vice President |
| Mar 30, 2017 | Maria S Harris became Senior Vice President |
| Nov 7, 2016 | Mary L Lentz became a director |
Not reported recently (1)
- Dawn Mugford · Last reported as Chief Risk Officer in an SEC filing dated Feb 26, 2024
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
INDB Proposed Insider Sales (Form 144)
Latest: 2026-08-25
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $758K notice value
· 2 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Gerard F Nadeau (1, $445K) · Thomas Venables (1, $313K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-25 | Thomas Venables | Director | 3,750 | $313.1K | 2026-08-25 | INDB IMG | — | EDGAR |
| 2026-08-03 | Gerard F Nadeau | Director | 5,307 | $444.9K | 2026-08-03 | INDB IMG | — | EDGAR |
| 2026-02-05 | John Morrissey | Director | 1,988 | $169.4K | 2026-02-05 | NA | — | EDGAR |
| 2025-12-03 | Gerard Nadeau | Director | 2,000 | $146.5K | 2025-12-03 | INDB IMG | — | EDGAR |
| 2025-11-21 | Gerard F. Nadeau | Director | 3,000 | $200.7K | 2025-11-21 | INDB IMG | — | EDGAR |
| 2025-11-14 | KENNETH S ANSIN | DIRECTOR | 53,000 | $3.66M | 2025-11-14 | INDB IMG | — | EDGAR |
| 2025-11-10 144/A | ANSIN KEN S | Director | 144,000 | $10.07M | 2025-11-10 | Raymond James & Associates | — | EDGAR |
| 2025-09-09 | ANSIN KEN S | Director | 50,000 | $3.50M | 2025-09-09 | Merrill Lynch Pierce Fenner & Sm… | — | EDGAR |
| 2025-08-13 | DANIEL O'BRIEN | DIRECTOR | 3,781 | $256.6K | 2025-08-14 | Mass Mutual | — | EDGAR |
| 2025-07-24 | Gerard Nadeau | Director | 5,000 | $339.1K | 2025-07-25 | RTC IMG | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
109 ETFs hold INDB
25 shown · $1.07B total exposure · 0.21% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.22% | $229.4M | $103.1B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $115.4M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.13% | $101.1M | $75.1B | 2026-10-20 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.05% | $82.7M | — | 2026-09-30 |
| 5 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.26% | $71.7M | — | 2026-10-20 |
| 6 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.08% | $53.9M | — | 2026-09-30 |
| 7 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.15% | $45.5M | — | 2026-10-20 |
| 8 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $41.4M | — | 2026-09-30 |
| 9 | KRE State Street® SPDR® S&P® Regional Banking ETF | SPDR (State Street) | 0.99% | $39.2M | $4.0B | 2026-10-20 |
| 10 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.26% | $36.0M | $13.7B | 2026-10-20 |
| 11 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.22% | $34.9M | $15.7B | 2026-10-20 |
| 12 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.09% | $30.9M | — | 2026-10-20 |
| 13 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.12% | $21.7M | — | 2026-09-30 |
| 14 | VIG Vanguard Dividend Appreciation ETF | Vanguard | 0.02% | $20.8M | — | 2026-09-30 |
| 15 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.08% | $18.8M | — | 2026-05-31 |
| 16 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.24% | $18.1M | $7.6B | 2026-10-20 |
| 17 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.20% | $15.2M | $7.6B | 2026-10-20 |
| 18 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $14.9M | — | 2026-10-20 |
| 19 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.02% | $14.6M | — | 2026-09-30 |
| 20 | KBE State Street® SPDR® S&P® Bank ETF | SPDR (State Street) | 0.96% | $13.8M | $1.4B | 2026-10-20 |
| 21 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.21% | $13.0M | — | 2026-09-30 |
| 22 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.24% | $11.4M | $4.7B | 2026-10-20 |
| 23 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.14% | $10.6M | — | 2026-10-20 |
| 24 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.20% | $9.4M | $4.6B | 2026-10-20 |
| 25 | SMDV ProShares S&P SmallCap 600 Dividend Aristocrats ETF | ProShares | 1.43% | $9.3M | — | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
16.00
TTM Diluted EPS
$5.08
TTM Revenue
$1.26B
TTM Net Income
$240.62M
TTM Op. Cash Flow
$355.04M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $330.53M | $79.92M | $1.63 | $117.22M |
| Q4 '25 | 2025-12-31 | $338.98M | $75.33M | $1.56 | $78.94M |
| Q3 '25 | 2025-09-30 | $335.15M | $34.26M | $0.69 | $52.16M |
| Q2 '25 | 2025-06-30 | $252.50M | $51.10M | $1.20 | $106.72M |
| Q1 '25 | 2025-03-31 | $244.46M | $44.42M | $1.04 | $13.34M |
| Q4 '24 | 2024-12-31 | $248.51M | $50.03M | $1.18 | $42.89M |
| Q3 '24 | 2024-09-30 | $250.07M | $42.95M | $1.01 | $70.24M |
| Q2 '24 | 2024-06-30 | $244.19M | $51.33M | $1.21 | $65.65M |
| Q1 '24 | 2024-03-31 | $237.99M | $47.77M | $1.12 | $51.15M |
| Q4 '23 | 2023-12-31 | $239.24M | $54.80M | $1.26 | $53.51M |
| Q3 '23 | 2023-09-30 | $236.47M | $60.81M | $1.38 | $81.26M |
| Q2 '23 | 2023-06-30 | $229.45M | $62.64M | $1.42 | $90.76M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-06
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
16.00
P/B
1.08
P/S
3.04
EV/EBITDA
10.75
EV/Sales
3.14
ROE
6.8%
ROA
1.0%
Div Yield
2.99%
FCF Yield
9.30%
Debt/Equity
0.10
Current Ratio
—
Market Cap
$3.82B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.12M
SI % of Float
4.55%
Days to Cover
5.07
Short Vol Ratio
55.9%
Free Float
46.61M
Float %
98.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22