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MBWM · Mercantile Bank Corp · Short Interest

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$60.33 -0.35 (-0.58%) Q3 2026 earnings call transcript
Market Cap
$1.05B
Shares
17.29M
Volume · Oct 28 122.83K Avg daily vol (3M) 115.17K

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

MBWM Latest Reported Short Interest

FINRA reported 561,517 MBWM shares sold short as of the October 15, 2026 settlement date, a decrease of 64,886 shares. Days to cover was 5.14 based on FINRA's reported average daily volume.

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

MBWM Short Interest Forecast

Equibles' model estimates 578,681 shares sold short for the October 30, 2026 settlement, +3.1% versus the latest reported position, with a likely range of 509,003 to 651,519 shares. This model prediction uses FINRA data through October 28, 2026; FINRA's official release is expected November 10, 2026.

Model estimate

Expected Oct 30 short interest

as of Oct 28 Low confidence 57% chance it rises
578,681 +3.1% vs reported
Likely range 509,003 to 651,519 The latest estimate appears in the chart below. Official release expected Nov 10. Methodology
Short Squeeze Score
49/100
Short interest 3.2% of shares — P59 Days to cover 5.1 — P67 Price vs VWAP +0.5% — P72 Short-volume trend -18.0% — P7 Short interest change -10.4% — P22 Worst FTD 0.00% of shares — P38

Positioning score 48.9 + 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 (2026-10-15). 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 2026-10-28 21:20 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
2026-11-13 Scheduled
FINRA publishes Nov 24
— — — —
2026-10-30 Scheduled
FINRA publishes Nov 10
— — — —
2026-10-15 561,517 626,403 -64,886 5.14
2026-09-30 626,403 595,572 +30,831 5.53
2026-09-15 595,572 519,444 +76,128 5.22
2026-08-31 519,444 444,387 +75,057 6.19
2026-08-14 444,387 396,650 +47,737 3.51
2026-07-31 396,650 425,898 -29,248 2.54
2026-07-15 425,898 457,433 -31,535 4.10
2026-06-30 457,433 358,059 +99,374 2.64
2026-06-15 358,059 302,011 +56,048 2.56
2026-05-29 302,011 269,707 +32,304 2.40
2026-05-15 269,707 310,343 -40,636 2.66
2026-04-30 310,343 290,873 +19,470 2.59
2026-04-15 290,873 354,221 -63,348 2.54
2026-03-31 354,221 254,105 +100,116 2.63
2026-03-13 254,105 226,103 +28,002 2.18
2026-02-27 226,103 221,370 +4,733 3.30
2026-02-13 221,370 173,950 +47,420 2.91
2026-01-30 173,950 179,256 -5,306 1.55
2026-01-15 179,256 233,429 -54,173 1.81
2025-12-31 233,429 215,566 +17,863 1.89
2025-12-15 215,566 214,024 +1,542 2.99
2025-11-28 214,024 201,756 +12,268 3.35
2025-11-14 201,756 190,875 +10,881 4.28
2025-10-31 190,875 217,347 -26,472 2.93

Full FINRA short interest reporting calendar

Showing 1–24 of 24 settlements
Key facts CIK 1042729 CUSIP 587376104 13F (30d) 44 filings 43 filers Visit website Investor relations