Norfolk Southern (NSC) Short Interest Ratio & Short Volume

Short interest is the volume of Norfolk Southern shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 1,710,000 shares of NSC short. 0.76% of Norfolk Southern's shares are currently sold short. Learn More on Norfolk Southern's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. NSC shares currently have a short interest ratio of 1.0. Learn More on Norfolk Southern's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Norfolk Southern: Walleye Trading LLC, Jane Street Group LLC, PEAK6 Investments LLC, JPMorgan Chase & Co., Twin Tree Management LP, Signaturefd LLC, Concourse Financial Group Securities Inc., SpiderRock Advisors LLC, Caas Capital Management LP, Oak Hill Wealth Advisors LLC, and Portman Square Capital LLP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.76% of Norfolk Southern's floating shares are currently sold short.

Norfolk Southern saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,710,000 shares, an increase of 19.6% from the previous total of 1,430,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Norfolk Southern currently has issued a total of 225,910,000 shares. Some of Norfolk Southern's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Norfolk Southern currently has a public float of 225,790,000 shares.

0.76% of Norfolk Southern's shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to Norfolk Southern: Union Pacific Co. (0.71%), Canadian National Railway (1.01%), Canadian Pacific Kansas City Limited (1.24%), CSX Co. (1.60%), General Electric (1.02%), United Parcel Service, Inc. (1.36%), FedEx Co. (1.90%), Old Dominion Freight Line, Inc. (2.22%), Delta Air Lines, Inc. (2.99%), Westinghouse Air Brake Technologies Co. (1.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling NSC is an investing strategy that aims to generate trading profit from Norfolk Southern as its price is falling. NSC shares are trading down $3.90 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Norfolk Southern occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NSC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NSC, twice per month. The most recent reporting period available is May, 15 2024.