First Internet Bancorp Sees Surge in Short Interest

Shares of the online-only bank have seen a 26.5% increase in short positions over the past month.

Apr. 1, 2026 at 2:08pm

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First Internet Bancorp (NASDAQ:INBK), a pioneer in digital banking, has seen a significant increase in short interest on its stock. As of March 13th, there were 153,446 shares shorted, up 26.5% from the previous month. This represents about 1.9% of the company's total shares outstanding.

Why it matters

The rise in short interest could signal growing investor skepticism about First Internet Bancorp's business model and future prospects, despite the company's focus on streamlined, technology-driven banking services. This trend bears watching as it may impact the stock price and investor confidence in the company.

The details

First Internet Bancorp's short interest increased from 121,277 shares on February 26th to 153,446 shares on March 13th, based on an average daily trading volume of 50,422 shares. This means it would take short sellers about 3 days to cover their positions. The stock is currently trading around $20.52 per share.

  • As of March 13th, 2026, there were 153,446 shares of First Internet Bancorp (NASDAQ:INBK) shorted.
  • On February 26th, 2026, there were 121,277 shares of First Internet Bancorp (NASDAQ:INBK) shorted.

The players

First Internet Bancorp

A bank holding company and the parent of First Internet Bank of Indiana, a pioneer in digital banking in the United States. The company offers online-only banking services without physical branches.

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The takeaway

The significant increase in short interest on First Internet Bancorp's stock suggests that some investors are betting against the company's ability to maintain its position in the competitive digital banking landscape. This trend bears close monitoring as it could impact the stock price and overall investor confidence in the company's long-term strategy.