Short interest in Towne Bank (NASDAQ:TOWN) increased during the last reporting period, rising from 548.43K to 573.65K. This put -% of the company's publicly available shares short.

Short interest for Towne Bank gives investors a sense of the degree to which investors are betting on the decline of Towne Bank's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 217.14K shares traded per day, it would take 2.64 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.