First Internet Bancorp (NASDAQ:INBK) Short Interest Down 19.3% in May

First Internet Bancorp (NASDAQ:INBK) Short Interest Down 19.3% in May

First Internet Bancorp (NASDAQ:INBK - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 76,300 shares, a decrease of 19.3% from the April 30th total of 94,500 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is currently 1.3 days.