Bank of America Corporation
NYSEShort interest in BAC.PRB surged 264% over the past week, reaching 426,638 shares as of March 31. This marks a sharp reversal after a mid-March low of just 105,834 shares. The spike in bearish bets comes as the Bank of America preferred stock trades at $25.32. Days to cover climbed to 4.59, up from 1.81 two weeks prior. Cost to borrow also jumped 17% week-over-week to 6.61%, reflecting increased demand for shares to short. This isn't the first time bears have targeted BAC.PRB. Short interest peaked at 521,201 shares in mid-October 2025 with a punishing 11.63 days to cover. The current position sits below that high but well above the recent low. Utilization remains modest at 3.88%, suggesting ample shares available for borrowing. However, cost to borrow has surged 70% over the past month, indicating tightening supply despite low utilization. Bank of America is scheduled to report earnings May 4. Recent earnings came April 15, though preferred shareholders typically see less volatility around these events compared to common stock. The preferred stock has gained 2.4% over the past month despite the short interest buildup. This divergence between price action and bearish positioning bears watching as earnings approach. This analysis is for informational purposes only and does not constitute financial advice. ORTEX data may contain errors or omissions.
Short Sellers Pile Into Bank of America Preferred
Short interest in BAC.PRB surged 264% over the past week, reaching 426,638 shares as of March 31. This marks a sharp reversal after a mid-March low of just 105,834 shares. The spike in bearish bets comes as the Bank of America preferred stock trades at $25.32. Days to cover climbed to 4.59, up from 1.81 two weeks prior. Cost to borrow also jumped 17% week-over-week to 6.61%, reflecting increased demand for shares to short. This isn't the first time bears have targeted BAC.PRB. Short interest peaked at 521,201 shares in mid-October 2025 with a punishing 11.63 days to cover. The current position sits below that high but well above the recent low. Utilization remains modest at 3.88%, suggesting ample shares available for borrowing. However, cost to borrow has surged 70% over the past month, indicating tightening supply despite low utilization. Bank of America is scheduled to report earnings May 4. Recent earnings came April 15, though preferred shareholders typically see less volatility around these events compared to common stock. The preferred stock has gained 2.4% over the past month despite the short interest buildup. This divergence between price action and bearish positioning bears watching as earnings approach. This analysis is for informational purposes only and does not constitute financial advice. ORTEX data may contain errors or omissions.
Snapshot as of 9 May 2026
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