Bank Of Nova Scotia’s recent filing unveils that its Director BANK OF NOVA SCOTIA acquired Company’s shares for reported $0.89 million on Feb 05 ’25. In the deal valued at $17.85 per share,50,000 shares were bought. As a result of this transaction, BANK OF NOVA SCOTIA now holds 162,983,726 shares worth roughly $7.95 billion.
BofA Securities downgraded its Bank Of Nova Scotia [BNS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CIBC’s analysts, who decreased its forecast for the stock in mid February from “a Sector outperform” to “a Neutral”. Barclays also remained covering BNS and has increased its forecast on November 21, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Canaccord Genuity revised its rating on November 19, 2024. It rated BNS as “a Buy” which previously was an “a Hold”.
Price Performance Review of BNS
On Friday, Bank Of Nova Scotia [NYSE:BNS] saw its stock jump 0.49% to $48.80. Over the last five days, the stock has gained 2.80%. Bank Of Nova Scotia shares have fallen nearly -9.16% since the year began. Nevertheless, the stocks have risen 3.19% over the past one year. While a 52-week high of $57.07 was reached on 01/06/25, a 52-week low of $43.67 was recorded on 04/09/25. SMA at 50 days reached $48.29, while 200 days put it at $50.72.
Levels Of Support And Resistance For BNS Stock
The 24-hour chart illustrates a support level at 48.40, which if violated will result in even more drops to 48.00. On the upside, there is a resistance level at 49.02. A further resistance level may holdings at 49.24. The Relative Strength Index (RSI) on the 14-day chart is 58.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.48%. Stochastics %K at 92.62% indicates the stock is a selling.
How much short interest is there in Bank Of Nova Scotia?
A steep rise in short interest was recorded in Bank Of Nova Scotia stocks on 2025-04-15, dropping by -5.13 million shares to a total of 30.31 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 35.44 million shares. There was a decline of -16.92%, which implies that there is a negative sentiment for the stock.
