How Is The Market Feeling About Norfolk Southern?
Portfolio Pulse from Benzinga Insights
Norfolk Southern's (NYSE:NSC) short percent of float has risen 7.69% since its last report, with 2.53 million shares sold short, which is 1.12% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Norfolk Southern's peer group average for short interest as a percentage of float is 0.84%, indicating the company has more short interest than most of its peers.
August 31, 2023 | 8:00 pm
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Norfolk Southern's short percent of float has risen 7.69%, indicating a bearish sentiment among investors. The company has more short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Norfolk Southern's stock to fall. This bearish sentiment, coupled with the fact that the company has more short interest than most of its peers, could put downward pressure on the stock price in the short term.
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