Bank of America (BAC) Short Interest Ratio & Short Volume

Short interest is the volume of Bank of America shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 64,800,000 shares of BAC short. 0.82% of Bank of America's shares are currently sold short. Learn More on Bank of America's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BAC shares currently have a short interest ratio of 2.0. Learn More on Bank of America's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Bank of America: Caas Capital Management LP, Oak Hill Wealth Advisors LLC, Assenagon Asset Management S.A., Red Tortoise LLC, IMC Chicago LLC, Curated Wealth Partners LLC, Nomura Holdings Inc., Readystate Asset Management LP, BlueCrest Capital Management Ltd, CMT Capital Markets Trading GmbH, Royal Bank of Canada, III Capital Management, Symmetry Peak Management LLC, Symmetry Investments LP, Balyasny Asset Management L.P., Nomura Holdings Inc., Verition Fund Management LLC, Capital Fund Management S.A., Optiver Holding B.V., Eisler Capital US LLC, Eisler Capital UK Ltd., Bank of Nova Scotia, Capstone Investment Advisors LLC, Allianz Asset Management GmbH, Mendel Money Management, IMC Chicago LLC, One River Asset Management LLC, Wells Fargo & Company MN, UBS Group AG, BNP Paribas Financial Markets, Gladius Capital Management LP, CenterStar Asset Management LLC, Concourse Financial Group Securities Inc., CTC LLC, National Bank of Canada FI, One Charles Private Wealth Services LLC, Mission Wealth Management LP, Wolverine Asset Management LLC, Red Tortoise LLC, and SpiderRock Advisors LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.82% of Bank of America's floating shares are currently sold short.

Bank of America saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 64,800,000 shares, a decrease of 10.1% from the previous total of 72,080,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.82% of Bank of America's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Bank of America: Wells Fargo & Company (0.92%), Citigroup Inc. (1.36%), JPMorgan Chase & Co. (0.70%), Invesco QQQ (9.35%), American Express (0.89%), HSBC Holdings plc (0.22%), Morgan Stanley (1.27%), The Goldman Sachs Group, Inc. (1.56%), The Charles Schwab Co. (0.87%), The Progressive Co. (0.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling BAC is an investing strategy that aims to generate trading profit from Bank of America as its price is falling. BAC shares are trading down $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Bank of America occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BAC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BAC, twice per month. The most recent reporting period available is April, 15 2024.