Based on Nasdaq and NYSE data for the two weeks which ended January 13, short sellers increase their bets against the big four banks
Shares short in B of A rose 18.5% to 186.1 million. The short interest in Citi was up by 19.1% to 50.3 million. Shares short in Wells Fargo were up 11.4% to 47.1 million. The short interest in JPMorganChase was up by 21.5 million to 40.6 million
Perhaps investors believe that the mortgage fraud deal between the banks and both the US and several state governments will not hold. The settlements may cost the banks as much as $25 billion
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