AROW Short Interest

Arrow Financial Corporation (AROW) operates in the Financial Services sector, specifically the Banks - Regional industry, with a market capitalization near $586.1M, listed on NASDAQ, employing roughly 580 people, carrying a beta of 0.77 to the broader market. Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. Led by David S. DeMarco, public since 1980-09-18.

Short interest is the total number of shares currently sold short and not yet covered, reported bi-monthly by FINRA. Days to cover (short interest divided by average daily volume) indicates how long it would take short sellers to close positions, with higher values signaling greater squeeze potential.

Settlement Date
2026-04-30
Short Interest
203.7K
Previous Short Interest
175.0K
Change
16.36%
Days to Cover
2.43
Avg Daily Volume
83.7K
Avg Days to Cover (24 reports)
2.60

Showing 24 bi-monthly FINRA short interest reports for Arrow Financial Corporation.

Learn how short interest is reported and how to read the data →

Frequently asked AROW short interest questions

What is the current AROW short interest?
As of the Apr 30, 2026 settlement, Arrow Financial Corporation (AROW) short interest is 203.7K shares, a +16.36% change from the prior period. FINRA publishes short interest twice monthly on the 15th and last business day of each month under Rule 4560.
What is the AROW days-to-cover ratio?
Days-to-cover is 2.43, calculated as short interest divided by average daily volume. It estimates how many trading days closing all short positions would consume given typical liquidity. Values above 5 days are commonly cited as elevated; values above 10 days are squeeze-relevant.
How does AROW short interest affect options pricing?
High short interest changes options pricing through three mechanics: borrow-rebate effects (synthetic long stock trades below frictionless put-call parity by approximately the borrow rebate when shares are hard-to-borrow), gamma-squeeze setup risk (if dealers are short gamma against retail call buying, dealer hedge flow can amplify upward moves), and elevated event-vol pricing on names with squeeze potential. See the canonical short-interest documentation for the full mechanism.