Looking Into CSX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CSX Corporation's (NYSE:CSX) short interest has increased by 6.0% since the last report, with 20.75 million shares sold short, representing 1.06% of its float. It would take approximately 2.01 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards CSX, although it's lower than the peer group average of 7.40%. Short interest can be a complex indicator, potentially bullish under certain conditions.
March 19, 2024 | 6:30 pm
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CSX Corporation's short interest has risen by 6.0%, indicating a bearish market sentiment. However, its short interest is below the peer group average, suggesting a relatively stronger position.
The increase in short interest suggests a bearish sentiment towards CSX, but being below the peer average could indicate resilience. The impact on the stock price is uncertain as short interest can also be a bullish indicator under certain conditions.
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IMPORTANCE 70
RELEVANCE 90