The Bank of Nova Scotia (NYSE:BNS) Sees Significant Growth in Short Interest

The Bank of Nova Scotia (NYSE:BNS) Sees Significant Growth in Short Interest

The Bank of Nova Scotia (NYSE:BNS - Get Free Report) (TSE:BNS) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 41,800,000 shares, an increase of 17.9% from the March 15th total of 35,440,000 shares. Currently, 3.4% of the company's stock are short sold. Based on an average daily trading volume, of 1,980,000 shares, the days-to-cover ratio is presently 21.1 days.