Norfolk Souther Corporation June 15th Short Interest Update

Norfolk Souther Corporation (NYSE:NSC), According to the latest information the short interest in Norfolk Southern plummeted by 16.6% or 626,130 shares. The final shorts are 1.1% of the total floated shares. The positions dropped from 3,769,277 shares on May 31,2016 to 3,143,147 on June 15,2016. According to the per-day average trading of 1,457,376 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Norfolk Souther Corporation (NYSE:NSC): The stock opened at $83.88 on Friday but the bulls could not build on the opening and the stock topped out at $84.85 for the day. The stock traded down to $82.49 during the day, due to lack of any buying support eventually closed down at $82.64 with a loss of -5.01% for the day. The stock had closed at $87.00 on the previous day. The total traded volume was 2,196,750 shares.

The company shares have dropped -4.99% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $98.75 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $85.08 and the 200 Day Moving Average price is recorded at $81.11.

Norfolk Souther Corporation (NYSE:NSC) has tumbled 2.99% during the past week and has dropped 1.62% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.38% during the past week but Norfolk Souther Corporation (NYSE:NSC) it has outperformed the index in 4 weeks by 1.36%.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.

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