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MBIN · Merchants Bancorp · Short Interest

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$48.97 -0.09 (-0.17%) At close · Oct 23
Market Cap
$2.25B
Shares
45.94M
Volume · Oct 23 115.48K Avg daily vol (3M) 185.24K

Shares sold short and not yet covered, reported twice monthly. Days to cover is the reported short position divided by average daily volume.

MBIN Latest Reported Short Interest

FINRA reported 1,961,821 MBIN shares sold short as of the September 30, 2026 settlement date, a decrease of 588,272 shares. Days to cover was 7.68 based on FINRA's reported average daily volume.

Official FINRA short-interest data · share counts are restated for subsequent splits of this listing

MBIN Short Interest Forecast

Equibles' model estimates 2,074,390 shares sold short for the October 15, 2026 settlement, +5.7% versus the latest reported position, with a likely range of 1,819,240 to 2,334,865 shares. This model prediction uses FINRA data through October 15, 2026; FINRA's official release is expected October 26, 2026.

Model estimate

Expected Oct 15 short interest

as of Oct 15 Medium confidence 57% chance it rises
2,074,390 +5.7% vs reported
Likely range 1,819,240 to 2,334,865 The latest estimate appears in the chart below. Official release expected Oct 26. Methodology
Short Squeeze Score
54/100
Short interest 4.3% of shares — P66 Days to cover 7.7 — P85 Price vs VWAP -5.9% — P50 Short-volume trend -10.1% — P18 Short interest change -23.1% — P13 Worst FTD 0.01% of shares — P53

Positioning score 53.8 + catalyst boost 0 (total capped at 100). This is a screening index, not a probability of a squeeze.

Method and coverage limits

Factor percentiles compare eligible primary operating-company stocks reporting short interest at the latest settlement date (2026-09-30). The weighted mean uses short interest 30%, days to cover 20%, price vs VWAP 15%, short-volume trend 15%, short-interest change 10%, and fails-to-deliver 10%. Missing factors redistribute their weight; incomplete coverage is not evidence of low risk. Price, volume, and earnings boosts add 10 each, capped at 20.

Shares outstanding are not free float. Borrow fees, utilization, lendable supply, recalls, and dealer inventory are not measured. Short-sale volume does not measure the change in open shorts; fails to deliver are not a borrow-cost measurement; price vs VWAP does not establish short sellers' entry prices. Earnings can move prices in either direction.

The weights are judgment-based, not calibrated to future squeeze outcomes. The separate options assessment below does not change this universe ranking.

Options positioning & squeeze sensitivity

Nearest expiration after today within 30 calendar days; same-day expirations and later maturities are excluded.

Open interest is incomplete, stale, or dated inconsistently; positioning totals are unavailable.

Open interest has both a buyer and a seller; it does not reveal dealer hedge direction. Gross gamma sums both calls and puts without netting and uses a local 1% price-change approximation. It measures sensitivity, not predicted buying or a squeeze probability.

Assessment prepared 2026-10-25 21:07 UTC. Options model values may come from a cached snapshot; their original computation time is not supplied. Open interest has its own effective date.

Short Interest History

Settlement Date Current Position Previous Position Change Days to Cover
2026-10-30 Scheduled
FINRA publishes Nov 10
— — — —
2026-10-15 Scheduled
FINRA publishes Oct 26
— — — —
2026-09-30 1,961,821 2,550,093 -588,272 7.68
2026-09-15 2,550,093 1,817,122 +732,971 12.23
2026-08-31 1,817,122 1,684,617 +132,505 13.88
2026-08-14 1,684,617 1,650,210 +34,407 11.01
2026-07-31 1,650,210 1,566,266 +83,944 8.37
2026-07-15 1,566,266 1,585,953 -19,687 11.86
2026-06-30 1,585,953 2,303,734 -717,781 5.82
2026-06-15 2,303,734 1,644,472 +659,262 20.44
2026-05-29 1,644,472 1,673,997 -29,525 16.09
2026-05-15 1,673,997 1,726,433 -52,436 12.79
2026-04-30 1,726,433 1,661,271 +65,162 9.83
2026-04-15 1,661,271 1,664,272 -3,001 8.66
2026-03-31 1,664,272 2,582,239 -917,967 7.07
2026-03-13 2,582,239 2,032,364 +549,875 11.08
2026-02-27 2,032,364 2,239,078 -206,714 7.87
2026-02-13 2,239,078 1,458,138 +780,940 2.42
2026-01-30 1,458,138 1,590,711 -132,573 7.33
2026-01-15 1,590,711 1,627,752 -37,041 13.89
2025-12-31 1,627,752 1,840,303 -212,551 8.07
2025-12-15 1,840,303 1,836,890 +3,413 10.47
2025-11-28 1,836,890 1,791,573 +45,317 13.81
2025-11-14 1,791,573 1,802,450 -10,877 12.20
2025-10-31 1,802,450 1,642,901 +159,549 9.35

Full FINRA short interest reporting calendar

Showing 1–23 of 23 settlements
Key facts CIK 1629019 CUSIP 58844R108 13F (30d) 36 filings 36 filers Visit website Investor relations