Peering Into Norfolk Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Norfolk Southern's short interest has decreased by 10.09%, with 2.22 million shares sold short, representing 0.98% of its float. This is lower than its peers' average short interest of 6.11%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 16, 2024 | 7:45 pm
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Norfolk Southern's short interest has decreased by 10.09%, with 2.22 million shares sold short, representing 0.98% of its float. This is lower than its peers' average short interest of 6.11%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are less bearish on Norfolk Southern compared to its peers, which could lead to a positive short-term impact on the stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100