3 Railroads Seeing Their Short Bases Rise

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Includes: CSX, NSC, UNP
by: Data Explorers

The railroad company CSX Corp (NYSE:CSX) will report second quarter numbers on Tuesday, and many will be looking to CSX's numbers to see if companies are shipping more or less goods. The short base (as measured by the percent of shares outstanding on loan) in CSX has increased 36.87% to 2.06% in the last month.

Two other companies in the sector have also seen a sharp rise in their relatively low short base; Union Pacific Corp (NYSE:UNP) which have risen 15.98% to 3.48% and Norfolk Southern Corp (NYSE:NSC) which have risen 28.13% to 2.76%

CSX has a low utilization (which measures the supply and demand in the securities lending market) at 4.28%.

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