(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. It would take traders 2.01 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 0.88%.
October 24, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Norfolk Southern's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, this is not a definitive indicator of a stock's future performance. The stock's price can be influenced by a variety of factors, including overall market conditions, company performance, and investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100