Rise in INDB’s short interest indicates Bearish sentiment

Anna Perez

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Independent Bank Corp shares valued at $29,942 were sold by Venables Thomas R on Dec 05 ’25. At $73.93 per share, Venables Thomas R sold 405 shares. The insider’s holdings dropped to 20,557 shares worth approximately $1.5 million following the completion of this transaction.

Also, Nadeau Gerard F sold 2,000 shares, netting a total of over 148,226 in proceeds. Following the sale of shares at $74.11 each, the insider now holds 20,395 shares.

Before that, Gerard Nadeau had added 2,000 shares to its account. In a trade valued at $146,540, the Director bought Independent Bank Corp shares for $73.27 each.

As published in their initiating research note from Barclays on December 17, 2025, Independent Bank Corp [INDB] has been an Equal weight and the price target has been revised to $80. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 21, 2024, Raymond James has increased its “Mkt perform” rating to a “Strong buy” for INDB. Earlier on July 22, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for INDB stock which previously was a “a Neutral”.

Analyzing INDB Stock Performance

On last trading session, Independent Bank Corp [NASDAQ: INDB] plunged -0.91% to $73.08. The stock’s lowest price that day was $73.03, but it reached a high of $74.47 in the same session. During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Independent Bank Corp shares have jumped approximately 12.43%. Shares of the company reached a 52-week high of $78.17 on 12/22/25 and a 52-week low of $52.15 on 04/21/25.

Support And Resistance Levels for Independent Bank Corp (INDB)

According to the 24-hour chart, there is a support level at 72.58, which, if violated, would cause prices to drop to 72.09. In the upper region, resistance lies at 74.02. The next price resistance is at 74.97. RSI (Relative Strength Index) is 43.24 on the 14-day chart, showing neutral technical sentiment.

Is Independent Bank Corp subject to short interest?

Stocks of Independent Bank Corp saw a sharp rise in short interest on 2025-12-15 jumping by 0.17 million shares to 1.95 million. Data from Yahoo Finance shows that the short interest on 2025-11-14 was 1.78 million shares. A jump of 8.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.01 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.01.

Which companies own the most shares of Independent Bank Corp (INDB)?

In terms of Independent Bank Corp share price expectations, FactSet research, analysts set an average price target of 80 in the next 12 months, up nearly 8.47% from the previous closing price of $73.75. Analysts anticipate Independent Bank Corp stock to reach 80 by 2026, with the lowest price target being 80. In spite of this, 1 analysts ranked Independent Bank Corp stock as Buy at the end of 2026.

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