How Is The Market Feeling About CSX?
Portfolio Pulse from Benzinga Insights
The short percent of float for CSX (NYSE:CSX) has risen 16.88% since its last report, with 18.01 million shares sold short, representing 0.9% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards CSX. However, compared to its peers, CSX has less short interest as a percentage of float, which is 0.95% on average.
September 19, 2023 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The increase in short interest in CSX could indicate a bearish sentiment, potentially impacting the stock price negatively in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock price. However, it's important to note that CSX's short interest is less than its peers' average, which could mitigate some of the potential negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100