How Is The Market Feeling About CSX?
Portfolio Pulse from Benzinga Insights
The short percent of float for CSX (NYSE:CSX) has fallen 7.23% since its last report, with 15.45 million shares sold short, representing 0.77% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards CSX. Compared to its peers, CSX has less short interest as a percentage of float, with an average of 1.02%.
August 30, 2023 | 5:45 pm
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CSX's short interest has decreased, which could indicate a more bullish sentiment towards the stock. This, combined with the fact that CSX's short interest is lower than its peer group average, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. Additionally, having a lower short interest than its peers could make CSX more attractive to investors.
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