Short Interest in TowneBank (NASDAQ:TOWN) Rises By 33.5%

Short Interest in TowneBank (NASDAQ:TOWN) Rises By 33.5%

TowneBank (NASDAQ:TOWN - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 888,800 shares, an increase of 33.5% from the February 13th total of 665,900 shares. Based on an average daily volume of 230,600 shares, the short-interest ratio is currently 3.9 days. Approximately 1.3% of the shares of the company are short sold.