The Goldman Sachs Group, Inc.
NYSEShort sellers backed away from GS.PRD last week. The preferred shares saw short interest plunge 48% to 34,438 shares as of March 31, down from 41,941 two weeks prior. The retreat marks a sharp reversal in bearish positioning. Short interest peaked at 147,244 shares in mid-January. Since then, sellers have steadily unwound bets, cutting positions by 77% over the past three months. Cost to borrow remains elevated at 4.63% despite the reduced interest. The metric has declined 19% over the past week but still sits well above typical preferred stock borrow rates. Earlier in March, CTB topped 7% as utilization spiked above 1%. Utilization has since collapsed to just 0.06%, signaling ample share availability. The metric peaked at 1.18% in late March when short interest remained above 40,000 shares. Days to cover holds steady at 1.0, indicating short sellers could exit positions quickly if needed. The low DTC reflects thin trading volume typical of preferred securities. Goldman Sachs Series D Preferred trades at $19.31, down slightly on the week. The security carries a fixed dividend and ranks senior to common shares in the capital structure. The dramatic position reduction suggests short sellers either took profits or reassessed risk-reward as utilization normalized. With borrow costs still elevated and shorts largely gone, further downside pressure appears limited for now. This is not financial advice. Data may contain errors.
Goldman Sachs Preferred Short Interest Drops 48%
Short sellers backed away from GS.PRD last week. The preferred shares saw short interest plunge 48% to 34,438 shares as of March 31, down from 41,941 two weeks prior. The retreat marks a sharp reversal in bearish positioning. Short interest peaked at 147,244 shares in mid-January. Since then, sellers have steadily unwound bets, cutting positions by 77% over the past three months. Cost to borrow remains elevated at 4.63% despite the reduced interest. The metric has declined 19% over the past week but still sits well above typical preferred stock borrow rates. Earlier in March, CTB topped 7% as utilization spiked above 1%. Utilization has since collapsed to just 0.06%, signaling ample share availability. The metric peaked at 1.18% in late March when short interest remained above 40,000 shares. Days to cover holds steady at 1.0, indicating short sellers could exit positions quickly if needed. The low DTC reflects thin trading volume typical of preferred securities. Goldman Sachs Series D Preferred trades at $19.31, down slightly on the week. The security carries a fixed dividend and ranks senior to common shares in the capital structure. The dramatic position reduction suggests short sellers either took profits or reassessed risk-reward as utilization normalized. With borrow costs still elevated and shorts largely gone, further downside pressure appears limited for now. This is not financial advice. Data may contain errors.
Snapshot as of 9 May 2026
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