(NSC) - Analyzing Norfolk Southern's Short Interest
Portfolio Pulse from Benzinga Insights
Norfolk Southern's (NYSE:NSC) short percent of float has risen 3.45% since its last report, with 2.73 million shares sold short, which is 1.2% of all regular shares available for trading. This indicates that traders are expecting the stock price to fall. However, an increase in short interest can sometimes be bullish for a stock.
October 05, 2023 | 7:15 pm
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Norfolk Southern's short percent of float has increased, indicating a bearish sentiment among traders. However, this could potentially be bullish for the stock.
An increase in short interest usually indicates that traders expect the stock price to fall. However, if the stock price does not fall as expected, there could be a short squeeze, which could drive the stock price up. Therefore, while the immediate sentiment is bearish, the potential for a short squeeze could be bullish for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100