Short Interest Coverage: Csx Corporation (NASDAQ:CSX) Shorted Shares Increased 18.95% After Market Selling

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Coverage: Csx Corporation (NASDAQ:CSX) Shorted Shares Increased 18.95% After Market Selling

The stock of Csx Corporation (NASDAQ:CSX) registered an increase of 18.95% in short interest. CSX’s total short interest was 17.59 million shares in November as published by FINRA. Its up 18.95% from 14.79 million shares, reported previously. With 7.84 million shares average volume, it will take short sellers 2 days to cover their CSX’s short positions. The short interest to Csx Corporation’s float is 1.88%. About 5.24M shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 25.04% since April 27, 2016 and is uptrending. It has outperformed by 19.82% the S&P500.

CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $33.80 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 20.01 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.01, from 0.95 in 2016Q1. The ratio dropped, as 53 funds sold all CSX Corporation shares owned while 275 reduced positions. 64 funds bought stakes while 246 increased positions. They now own 639.14 million shares or 2.82% less from 657.68 million shares in 2016Q1.
Johnson reported 2,143 shares or 0.01% of all its holdings. Moreover, Twin Tree Mgmt Lp has 0.02% invested in CSX Corporation (NASDAQ:CSX) for 42,843 shares. Lombard Odier Asset Mngmt (Europe) Limited last reported 14,323 shares in the company. Jfs Wealth Advsrs Llc, a Pennsylvania-based fund reported 1,500 shares. At National Bank & Trust, a Iowa-based fund reported 14,945 shares. Stevens Cap Mngmt Lp holds 0.2% of its portfolio in CSX Corporation (NASDAQ:CSX) for 196,058 shares. Burns J W & owns 84,602 shares or 0.67% of their US portfolio. Reliance Trust Of Delaware holds 0.08% or 42,072 shares in its portfolio. Moreover, Fifth Third Bancorporation has 0.04% invested in CSX Corporation (NASDAQ:CSX) for 183,667 shares. Morgan Stanley, a New York-based fund reported 3.75 million shares. Northern Tru has 0.09% invested in the company for 10.86M shares. Planning Corporation last reported 12,074 shares in the company. Appleton Ma holds 0.05% or 9,848 shares in its portfolio. Cadinha And Ltd Liability Corporation has invested 0.07% of its portfolio in CSX Corporation (NASDAQ:CSX). Bartlett And Ltd Liability Corp owns 52,559 shares or 0.07% of their US portfolio.

Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 4 sales for $10.80 million net activity. Another trade for 16,129 shares valued at $499,999 was made by GOODEN CLARENCE W on Thursday, October 6. $9.29 million worth of shares were sold by WARD MICHAEL J on Monday, October 17.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Out of 6 analysts covering CSX Corp (NASDAQ:CSX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, January 19 by Argus Research. The firm has “Market Perform” rating given on Thursday, January 14 by Cowen & Co. The company was upgraded on Tuesday, February 23 by Bank of America. The firm has “Outperform” rating given on Thursday, January 14 by RBC Capital Markets.

CSX Company Profile

CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.

More recent CSX Corporation (NASDAQ:CSX) news were published by: Streetinsider.com which released: “CSX Corp. (CSX) Offers Q4 Update; Sees EPS Flat-to-Slightly Up” on November 30, 2016. Also Globenewswire.com published the news titled: “CSX Corporation Chief Financial Officer to Address Credit Suisse 4th Annual …” on November 21, 2016. Nasdaq.com‘s news article titled: “CSX Corporation (CSX) Ex-Dividend Date Scheduled for November 28, 2016” with publication date: November 07, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marie Mckinney

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>