Looking Into CSX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CSX's short interest has fallen by 10.12%, with 29.49 million shares sold short, representing 1.51% of its float. This is lower than the peer group average of 7.28%. The decrease in short interest may indicate a more bullish sentiment towards CSX.
August 06, 2024 | 4:45 pm
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CSX's short interest has decreased by 10.12%, now at 1.51% of its float, which is lower than the peer group average of 7.28%. This reduction in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against CSX, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that CSX's short interest is significantly lower than its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100