WFC.PRL

Wells Fargo & Company

NYSE

Short interest in WFC.PRL plunged 54% over the past week, falling to just 1,660 shares as of March 31. The sharp decline marks a significant retreat by bears betting against this Wells Fargo preferred security. The drop extends a month-long unwinding of short positions. Shares short have fallen 43% over the past 30 days from 2,914 shares in late January. This preferred stock saw short interest peak at 7,422 shares in mid-November before beginning its steady decline. Cost to borrow moved in the opposite direction. CTB rose 4% week-over-week to 2.58%, though it remains down 8% from month-ago levels. The uptick suggests borrowing costs are stabilizing after falling sharply through late March when CTB briefly dipped below 1%. Utilization sits at just 0.1%, far below the 52-week high of 1.56%. Days to cover remains minimal at 1.0, reflecting the tiny short position relative to trading volume. The preferred shares themselves gained 1.2% over the past week and trade at $1,208.85. They're up 3.7% over the past month. Wells Fargo has an earnings event scheduled for April 28. The company last reported on April 14. With short interest near year-to-date lows and utilization barely registering, bears have largely abandoned this preferred security. The lack of shorting activity suggests limited conviction in further downside despite the elevated price point above $1,200. This is not financial advice. ORTEX data may contain inaccuracies.

Cost to borrow

1.25%▼ 46.3%

Live CTB on ORTEX →

Utilization

0.2%

Next earnings

14 Jul 2026

Snapshot as of 9 May 2026