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flag Despite a 36% rise in short interest, Independent Bank Co. receives positive analyst ratings.

flag Independent Bank Co. (NASDAQ: IBCP) saw a 36% rise in short interest in February, reaching 188,700 shares, with 0.9% of its shares now sold short. flag Despite this, analysts remain positive, with DA Davidson increasing the price objective to $39.00 and Baird reissuing a "market perform" rating with a $41.00 target. flag The company's market cap is $648.28 million, and it has a PE ratio of 9.78 and a beta of 1.04.

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