BML.PRL

Bank of America Corporation

NYSE

BML.PRL short interest jumped 129% over the past week to 130,078 shares as of March 31, marking the highest level in recent months for this Bank of America preferred security. The preferred shares have seen relentless short pressure building since late January. Short interest stood at just 4,850 shares on January 30. It has now multiplied 27-fold in two months, up 2,582% from the February low. Days to cover rose to 3.91, suggesting it would take nearly four trading days to close all short positions at average volume. This marks a significant increase from the 1.0 DTC readings common earlier this year. Cost to borrow stands at 9.71%, up 5% week-over-week. The elevated CTB reflects tightening supply as more shares get borrowed for shorting. Utilization reached 2.85%, well below the 52-week high of 7.34% but trending upward from recent lows. The common shares of Bank of America dipped 0.3% to $19.61 on Monday, down 0.7% for the week. The preferred security trades in a separate market with different risk characteristics than the common stock. Bank of America reports first quarter earnings on May 4. The company last reported results on April 15. Short sellers appear to be building bearish bets on the preferred shares despite relatively modest price declines. The sharp acceleration in short interest suggests growing conviction among bears, though the position remains small in absolute terms compared to major common stock shorts. This is not financial advice. Short interest data may be subject to reporting delays.

Cost to borrow

10.34%▲ 3.4%

Live CTB on ORTEX →

Utilization

1.6%

Next earnings

14 Jul 2026

Snapshot as of 9 May 2026