SCHW.PRD

The Charles Schwab Corporation

NYSE

The Charles Schwab Corporation's Series D preferred shares (SCHW.PRD) saw cost to borrow rocket 156% over the past week. CTB now stands at 6.17%, up from 2.41% just seven days ago. The sharp rise in borrowing costs signals tightening supply for short sellers. CTB has climbed steadily since bottoming at 1.65% in mid-March. The one-month increase of 80% shows sustained pressure building in the lending market. Short interest remains modest at 436,643 shares as of March 31. Days to cover sits at 6.13. This represents a slight decline from the prior settlement period. Despite the CTB spike, overall short positioning has decreased slightly week-over-week. Utilization data shows lending demand remains contained at 6.76%. This is down from a 52-week high of 15.94%. The disconnect between rising CTB and moderate utilization suggests available supply is contracting faster than demand is growing. The preferred shares trade at $24.87, roughly flat on the week. Schwab is scheduled to report earnings on April 23, just two days away. The timing of the CTB surge ahead of the earnings announcement may reflect caution among lenders rather than aggressive short positioning. With borrowing costs at multi-month highs and an earnings catalyst imminent, volatility could increase. Short sellers face elevated carry costs if positions remain open through the report. This is not financial advice. Data may contain errors.

Short interest % of float

0.02%▲ 12.8%

Live SI on ORTEX →

Cost to borrow

4.78%▲ 20.7%

Live CTB on ORTEX →

Utilization

8.4%

Next earnings

14 May 2026

Snapshot as of 9 May 2026