Short sellers increased positions in the regional bank by more than a quarter over the past month, reaching 1.81% of float. Options traders have turned cautious with put/call ratio spiking to its highest level in a year.
Short interest in NBTB currently stands at 947,908 shares, or 1.81% of the free float. That represents a 27% increase over the past month, though positions have ticked down slightly in recent sessions—falling 1.7% over the past week and 0.68% in the last day.
Days to cover sits at 3.26. The official FINRA settlement date (March 31) showed short interest at 950,659 shares, closely aligned with current estimates.
The put/call ratio jumped to 0.46 on April 23, the highest reading in the past 52 weeks and well above the 20-day average of 0.24. The PCR Z-score of 2.12 indicates a significant shift toward protective puts or bearish bets.
Over the prior two weeks, the ratio hovered between 0.17 and 0.25 before the recent surge. This sharp move suggests hedging activity or positioning for downside risk into the print.
No analyst ratings or target price data are available in the snapshot.
NBT Bancorp has reported earnings four times over the past year, most recently on April 23 (post-close). The stock has rallied 7.9% over the past month and gained 1.5% in the past week, closing at $45.29.
Price momentum appears constructive heading into today's report.
No active ORTEX Alpha signals are present for NBT Bancorp at this time.
The data shows a tension between rising short interest and recent positive price action. Utilization remains low at 0.53%, and cost to borrow has declined 18% over the past week to 0.41%. The options market, however, is pricing in elevated caution.
See the live data behind this article on ORTEX.
Open NBTB on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
