Today Norfolk Southern Corporation (NYSE:NSC) Reported Decrease in Shorted Shares

July 18, 2017 - By Ellis Scott

 Today Norfolk Southern Corporation (NYSE:NSC) Reported Decrease in Shorted Shares

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.09, from 0.9 in 2016Q3. It turned negative, as 54 investors sold Norfolk Southern Corp. shares while 354 reduced holdings. 87 funds opened positions while 242 raised stakes. 197.51 million shares or 1.15% more from 195.27 million shares in 2016Q3 were reported.
Eventide Asset Management Limited Liability Corporation reported 0.02% in Norfolk Southern Corp. (NYSE:NSC). Primecap Management Ca invested in 275,000 shares. Kelly Lawrence W & Assocs Incorporated Ca owns 1,300 shares for 0.03% of their portfolio. Susquehanna Grp Limited Liability Partnership holds 0% or 13,415 shares. Gateway Invest Advisers Ltd Co accumulated 85,955 shares. Rockland Co has invested 0.05% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). 5,322 were accumulated by Los Angeles Cap & Equity. Aqr Cap Ltd Company reported 1.23 million shares. Putnam Invests Ltd Company, a Massachusetts-based fund reported 69,223 shares. Silvercrest Asset Mgmt Gp Ltd Liability Corporation holds 30,302 shares or 0.04% of its portfolio. Papp L Roy & Assoc, a Arizona-based fund reported 2,458 shares. Pettee, Connecticut-based fund reported 3,476 shares. Symphony Asset invested in 16,799 shares. Argi Ser Limited Liability Corporation has invested 0.02% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Wellington Management Group Limited Liability Partnership accumulated 112,228 shares.

Since January 26, 2017, it had 0 insider purchases, and 15 insider sales for $7.00 million activity. Shares for $350,294 were sold by STEWART MARTA R. Shares for $71,784 were sold by Hurlbut Thomas E. The insider Galanko William Andrew sold $117. LOCKHART MICHAEL D also sold $117 worth of Norfolk Southern Corp. (NYSE:NSC) shares. Squires James A had sold 34,417 shares worth $4.12M. The insider BUSH WESLEY G sold 1 shares worth $119.

The stock of Norfolk Southern Corporation (NYSE:NSC) registered a decrease of 26.42% in short interest. NSC’s total short interest was 2.98 million shares in July as published by FINRA. Its down 26.42% from 4.05 million shares, reported previously. With 1.80M shares average volume, it will take short sellers 2 days to cover their NSC’s short positions.

About shares traded. Norfolk Southern Corp. (NYSE:NSC) has risen 34.32% since July 18, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has market cap of $35.63 billion. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. It has a 21.42 P/E ratio. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Among 24 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Norfolk Southern Corp. had 53 analyst reports since July 28, 2015 according to SRatingsIntel. On Thursday, August 11 the stock rating was initiated by Atlantic Securities with “Neutral”. The company was downgraded on Monday, October 5 by Barclays Capital. The rating was maintained by Credit Suisse with “Buy” on Thursday, July 13. Wolfe Research downgraded Norfolk Southern Corp. (NYSE:NSC) on Wednesday, March 15 to “Peer Perform” rating. The company was downgraded on Tuesday, July 28 by Scotia Capital. The firm has “Buy” rating given on Friday, September 11 by Bank of America. The firm has “Underperform” rating by Avondale given on Wednesday, October 12. The stock of Norfolk Southern Corp. (NYSE:NSC) has “Buy” rating given on Monday, July 10 by Cowen & Co. The rating was maintained by TD Securities with “Hold” on Friday, April 28. Topeka Capital Markets initiated the stock with “Hold” rating in Tuesday, August 11 report.

More important recent Norfolk Southern Corp. (NYSE:NSC) news were published by: which released: “New England Research & Management, Inc. Buys Norfolk Southern Corp, Amgen Inc …” on July 11, 2017, also published article titled: “Train dispatcher sues Norfolk Southern Corp.”, published: “Norfolk Southern Shares Cross 2% Yield Mark” on July 06, 2017. More interesting news about Norfolk Southern Corp. (NYSE:NSC) was released by: and their article: “Trade of the Day: Get On the Norfolk Southern Corp. (NSC) Stock Train” with publication date: June 26, 2017.

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