Glacier Bancorp reports today with short sellers aggressively building positions. Short interest jumped 26% over the past month to 5.2% of float, while options traders show extreme bullishness.
Short interest in GBCI stands at 6.7 million shares, representing 5.2% of the free float as of April 22. That marks a 26% increase over the past month. The build accelerated in early April, rising from 5.3 million shares on March 20 to current levels. Days to cover sits at 7.8 based on recent volume. Cost to borrow remains low at 0.54%, up 20% over the month but still suggesting easy access to shares. Utilisation reached 15.7%, near the lower end of the 52-week range.
The put-call ratio collapsed to 0.04, the lowest level in the past year. Just four puts traded for every 100 calls on April 23. This represents an extreme outlier — the 20-day average PCR is 0.17. The PCR z-score of -2.38 indicates options traders are positioning heavily bullish. The prior 52-week high PCR was 1.41, making the current reading particularly stark. The shift occurred in mid-April, coinciding with the stock's 11% monthly rally.
No recent analyst updates are available in the snapshot. The company reports without fresh Street commentary.
GBCI has announced earnings after market hours on January 23 and January 30 earlier this year. The stock is up 11% over the past month and 4% over the past week. Shares closed at $49.37 on April 23, up 1% on the day. The recent price strength suggests investors have anticipated a solid print. Regional bank stocks have faced volatility tied to rate expectations and credit quality concerns.
No active ORTEX Alpha signals are currently firing for GBCI. The ORTEX short score stands at 49.9, essentially neutral. The combined score is 49.9, also middle-of-the-pack.
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