Bank of America Corporation
NYSEBML.PRG saw short interest collapse 37% over the past week. Shares short dropped to 3,007 as of March 31, down from 4,796 a month earlier. The decline continues a multi-month retreat. Short interest peaked at 9,760 shares in mid-October 2025, when days to cover hit 1.63. Since then, bears have steadily reduced exposure by over 68%. Cost to borrow spiked 165% week-over-week to 6.55% APR. The CTB surge suggests tightening supply despite falling short interest. Utilization remains minimal at 2.19%, well below the 52-week high of 84.63%. The preferred shares closed at $19.40 on April 21, up 0.36% on the day but down slightly for the week. Parent company Bank of America reports earnings May 4. Days to cover holds at 1.0, indicating shorts could exit quickly if needed. The combination of declining short interest and elevated borrowing costs points to reduced bearish conviction on this security. This is not financial advice. ORTEX data may contain errors.
Short Interest Plunges 37% on Bank of America Preferred
BML.PRG saw short interest collapse 37% over the past week. Shares short dropped to 3,007 as of March 31, down from 4,796 a month earlier. The decline continues a multi-month retreat. Short interest peaked at 9,760 shares in mid-October 2025, when days to cover hit 1.63. Since then, bears have steadily reduced exposure by over 68%. Cost to borrow spiked 165% week-over-week to 6.55% APR. The CTB surge suggests tightening supply despite falling short interest. Utilization remains minimal at 2.19%, well below the 52-week high of 84.63%. The preferred shares closed at $19.40 on April 21, up 0.36% on the day but down slightly for the week. Parent company Bank of America reports earnings May 4. Days to cover holds at 1.0, indicating shorts could exit quickly if needed. The combination of declining short interest and elevated borrowing costs points to reduced bearish conviction on this security. This is not financial advice. ORTEX data may contain errors.
Snapshot as of 9 May 2026
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