How Is The Market Feeling About Norfolk Southern?
Portfolio Pulse from Benzinga Insights
Norfolk Southern's (NYSE:NSC) short percent of float has risen 13.83% since its last report, with 2.44 million shares sold short, which is 1.07% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Norfolk Southern's peer group average for short interest as a percentage of float is 0.78%, which means the company has more short interest than most of its peers.
July 28, 2023 | 7:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Norfolk Southern's short percent of float has risen 13.83%, indicating a bearish market sentiment. The company's short interest is higher than most of its peers.
The increase in short interest indicates that more investors are betting that the price of Norfolk Southern's stock will fall. This bearish sentiment could put downward pressure on the stock price in the short term. Furthermore, the fact that Norfolk Southern's short interest is higher than most of its peers suggests that the market sentiment towards the company is more negative compared to other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100