Short Interest in Bank of America Co. (NYSE:BAC) Drops By 11.8%
Bank of America Co. (NYSE:BAC) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 74,590,000 shares, a decline of 11.8% from the September 15th total of 84,580,000 shares. Based on an average daily trading volume, of 39,510,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the company's stock are short sold.