(NSC) - Analyzing Norfolk Southern's Short Interest
Portfolio Pulse from Benzinga Insights
Norfolk Southern (NYSE:NSC) has seen a 10.87% decrease in short interest since its last report, with 2.77 million shares sold short, representing 1.23% of its float. The average time to cover these short positions is 2.08 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Norfolk Southern's short interest is below its peer group average of 7.35%.
December 29, 2023 | 8:00 pm
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Norfolk Southern's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
The decrease in short interest for Norfolk Southern indicates that fewer investors are betting against the stock, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article suggests caution, as a decrease in short interest does not necessarily guarantee a rise in the stock price.
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IMPORTANCE 60
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