@dmitryK is on the right track, mostly, except that negative numbers aren't directly represented by their absolute values. It's more complicated than just throwing a sign bit in.
If you really want to know the ins and outs of how a signed integer is represented, google "two's complement". It's easier to point you to an existing explanation than to explain it here.
Here's a good, simple explanation:
https://www.cs.cornell.edu/~tomf/notes/cps104/twoscomp.html
Also, thinking about your statement, "So if this range is to be divided into negative and positive should it not be half of 32 on the left and the other half on the right?'", there a problem with that. Where do you account for the zero value, on the left or the right? two's complement handles that nicely, and explains why one side has to lose one value.
If this answers your question, please click on the check mark to accept. Let's keep up on forum maintenance. ;-)