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Norfolk Southern (NSC) Short Interest Ratio & Short Volume

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$323.68 +2.55 (+0.79%)
Closing price 03:59 PM Eastern
Extended Trading
$323.78 +0.09 (+0.03%)
As of 07:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

Norfolk Southern Short Interest Overview

As of September 30, 2026, Norfolk Southern (NSC) had a short interest of 7.15 million shares sold short, representing 3.19% of the public float. This marks a -6.13% decrease in short interest since the prior report. The short interest ratio (days to cover) is 7.6, meaning it would take 7.6 days of the average trading volume of 1.18 million shares to cover all short positions.

Current Short Interest
7,152,583 shares
Previous Short Interest
7,619,508 shares
Change Vs. Previous Month
-6.13%
Dollar Volume Sold Short
$2.22 billion
Short Interest Ratio
7.6 Days to Cover
Last Record Date
September 30, 2026
Outstanding Shares
224,610,000 shares
Short Percent of Float
3.19%
Today's Trading Volume
652,004 shares
Average Trading Volume
1,184,098 shares
Today's Volume Vs. Average
55%
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Skip Charts & View Short Interest History

NSC Short Interest Over Time

NSC Days to Cover Over Time

NSC Percentage of Float Shorted Over Time

Norfolk Southern Tesla Short Interest History & Recent Changes

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
9/30/20267,152,583 shares $2.22 billion -6.1%3.2%7.63 $309.77
9/15/20267,619,508 shares $2.44 billion +32.8%3.4%6.16 $320.36
8/31/20265,736,781 shares $1.97 billion -21.4%2.6%4.92 $343.21
8/14/20267,296,473 shares $2.44 billion -4.3%3.3%6.49 $334.69
7/31/20267,624,518 shares $2.56 billion -7.8%3.4%5.48 $335.89
7/15/20268,266,038 shares $2.71 billion -3.1%3.7%9.88 $327.89
6/30/20268,529,961 shares $2.68 billion +4.0%3.8%6.51 $314.68
6/15/20268,202,408 shares $2.54 billion +0.5%3.7%8.61 $310.15
5/29/20268,160,523 shares $2.49 billion +13.7%3.6%5.46 $304.99
5/15/20267,179,711 shares $2.27 billion -26.2%3.2%6.82 $316.85
4/30/20269,724,245 shares $3.07 billion +12.7%4.3%8.19 $315.59
4/15/20268,631,948 shares $2.57 billion +2.0%3.8%5.82 $297.88
3/31/20268,466,072 shares $2.43 billion -3.0%3.8%6.51 $287.48
3/13/20268,726,471 shares $2.52 billion -17.9%3.9%6.3 $289.25
2/27/202610,633,155 shares $3.34 billion +2.1%4.7%7.11 $314.01
2/13/202610,417,810 shares $3.28 billion +17.5%4.6%7.66 $315.13
1/30/20268,869,480 shares $2.58 billion -4.3%4.0%7.3 $291.40
1/15/20269,269,773 shares $2.70 billion +8.6%4.1%9.76 $290.85
12/31/20258,537,896 shares $2.46 billion +21.8%3.8%8.72 $288.64
12/15/20257,012,921 shares $2.10 billion +9.5%3.1%4.39 $299.66
11/28/20256,406,961 shares $1.87 billion -12.2%2.9%4.23 $292.09
11/14/20257,297,896 shares $2.07 billion +17.0%3.3%5.85 $284.04
10/31/20256,239,391 shares $1.77 billion -1.4%2.8%5.42 $283.91
10/15/20256,330,000 shares $1.83 billion +16.2%2.6%3.1 $289.66
9/30/20255,450,000 shares $1.64 billion +47.3%2.2%2.4 $300.34
9/15/20253,700,000 shares $1.03 billion +25.9%1.7%1.7 $277.03
8/31/20252,940,000 shares $822.85 million +25.1%1.3%1.4 $279.88
8/15/20252,350,000 shares $660.02 million -14.2%1.1%1.1 $280.86
7/31/20252,740,000 shares $762.22 million +2.6%1.2%1.4 $278.18
7/15/20252,670,000 shares $693.38 million -11.3%1.2%1.8 $259.69
6/30/20253,010,000 shares $771.52 million -3.8%1.3%2.2 $256.32
6/15/20253,130,000 shares $777.18 million +0.3%1.4%2.3 $248.30
5/31/20253,120,000 shares $770.98 million -1.6%1.4%2.3 $247.11
5/15/20253,170,000 shares $773.99 million +16.5%1.4%2.4 $244.16
4/30/20252,720,000 shares $609.96 million +43.2%1.2%2.1 $224.25
4/15/20251,900,000 shares $413.75 million -29.4%0.8%1.4 $217.76
3/31/20252,690,000 shares $638.16 million -5.6%1.2%2 $237.24
3/15/20252,850,000 shares $663.33 million +8.4%1.3%2.3 $232.75
2/28/20252,630,000 shares $646.87 million +4.0%1.2%2.1 $245.96
2/15/20252,530,000 shares $647.42 million +16.1%1.1%2.1 $255.90
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1/31/20252,180,000 shares $556.85 million +4.8%1.0%1.8 $255.44
1/15/20252,080,000 shares $500.34 million -1.9%0.9%1.7 $240.55
12/31/20242,120,000 shares $497.56 million -7.0%0.9%1.8 $234.70
12/15/20242,280,000 shares $561.38 million +5.6%1.0%1.9 $246.22
11/30/20242,160,000 shares $595.84 million -2.7%1.0%1.9 $275.85
11/15/20242,220,000 shares $580.02 million +1.4%1.0%1.8 $261.27
10/31/20242,190,000 shares $548.44 million +6.8%1.0%1.9 $250.43
10/15/20242,050,000 shares $521.38 million -7.7%0.9%1.7 $254.33
9/30/20242,220,000 shares $551.67 million -9.8%1.0%2 $248.50
9/15/20242,460,000 shares $604.67 million +26.2%1.1%2 $245.80
8/31/20241,950,000 shares $499.51 million +0.5%0.9%1.7 $256.16
8/15/20241,940,000 shares $467.83 million +0.5%0.9%1.7 $241.15
7/31/20241,930,000 shares $481.61 million -30.1%0.9%1.5 $249.54
7/15/20242,760,000 shares $628.62 million +20.0%1.2%2.1 $227.76
6/30/20242,300,000 shares $493.79 million +30.7%1.0%1.8 $214.69
6/15/20241,760,000 shares $387.02 million +8.6%0.8%1.4 $219.90
5/31/20241,620,000 shares $363.58 million -5.3%0.7%1.3 $224.43
5/15/20241,710,000 shares $395.45 million +19.6%0.8%1.3 $231.26
4/30/20241,430,000 shares $329.36 million -5.3%0.6%1.1 $230.32
4/15/20241,510,000 shares $370.81 million -10.1%0.7%1.2 $245.57
3/31/20241,680,000 shares $428.18 million -19.6%0.7%1.3 $254.87
3/15/20242,090,000 shares $534.68 million +7.7%0.9%1.6 $255.83
2/29/20241,940,000 shares $491.56 million -17.5%0.9%1.5 $253.38
2/15/20242,350,000 shares $597.70 million +13.5%1.0%1.8 $254.34
1/31/20242,070,000 shares $486.66 million -4.6%0.9%1.6 $235.10
1/15/20242,170,000 shares $498.08 million -3.1%1.0%1.8 $229.53
12/31/20232,240,000 shares $529.49 million -19.1%1.0%1.9 $236.38
12/15/20232,770,000 shares $643.39 million -11.5%1.2%2.3 $232.27
11/30/20233,130,000 shares $682.84 million +14.2%1.4%2.5 $218.16
11/15/20232,740,000 shares $567.22 million +2.6%1.2%2.2 $207.02
10/31/20232,670,000 shares $509.41 million -7.3%1.2%2.2 $190.79
10/15/20232,880,000 shares $578.71 million -4.3%1.3%2.4 $200.94
9/30/20233,010,000 shares $592.76 million +10.3%1.3%2.5 $196.93
9/15/20232,730,000 shares $557.00 million +3.8%1.2%2.3 $204.03
8/31/20232,630,000 shares $539.18 million +4.0%1.2%2.3 $205.01
8/15/20232,530,000 shares $528.39 million +7.2%1.1%2.2 $208.85
7/31/20232,360,000 shares $551.27 million -3.3%1.0%1.9 $233.59
7/15/20232,440,000 shares $572.86 million +14.0%1.1%1.9 $234.78
6/30/20232,140,000 shares $485.18 million +1.4%0.9%1.6 $226.72
6/15/20232,110,000 shares $471.65 million -13.9%0.9%1.5 $223.53
5/31/20232,450,000 shares $510.04 million -10.9%1.1%1.6 $208.18
5/15/20232,750,000 shares $585.53 million -6.5%1.2%1.7 $212.92
4/30/20232,940,000 shares $596.91 million -17.0%1.3%1.7 $203.03
4/15/20233,540,000 shares $734.87 million +61.6%1.6%2 $207.59
3/31/20232,190,000 shares $464.28 million -3.5%1.0%1.3 $212.00
3/15/20232,270,000 shares $465.76 million -15.3%1.0%1.5 $205.18
2/28/20232,680,000 shares $602.52 million +22.9%1.2%1.8 $224.82
2/15/20232,180,000 shares $519.47 million -4.8%1.0%1.5 $238.29
1/31/20232,290,000 shares $562.90 million -11.2%1.0%1.9 $245.81
1/15/20232,580,000 shares $658.24 million +7.1%1.1%1.9 $255.13
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12/30/20222,410,000 shares $593.87 million -4.7%1.0%1.8 $246.42
12/15/20222,530,000 shares $638.29 million -0.8%1.1%1.9 $252.29
11/30/20222,550,000 shares $654.08 million -8.6%1.1%1.8 $256.50
11/15/20222,790,000 shares $692.31 million -18.2%1.2%2 $248.14
10/31/20223,410,000 shares $777.72 million +51.6%1.5%2.5 $228.07
10/15/20222,250,000 shares $480.35 million -7.8%1.0%1.7 $213.49
9/30/20222,440,000 shares $511.55 million -4.3%1.0%2 $209.65
9/15/20222,550,000 shares $609.09 million +15.9%1.1%2.1 $238.86
8/31/20222,200,000 shares $534.89 million -15.1%0.9%1.8 $243.13
8/15/20222,590,000 shares $665.79 million -15.1%1.1%2.2 $257.06
7/31/20223,050,000 shares $766.07 million -7.6%1.3%2.5 $251.17
7/15/20223,300,000 shares $752.04 million +3.1%1.4%2.6 $227.89
6/30/20223,200,000 shares $727.33 million -12.8%N/A2.5 $227.29
6/15/20223,670,000 shares $823.92 million +10.5%N/A2.7 $224.50
5/31/20223,320,000 shares $795.67 million +0.6%1.4%2.5 $239.66
5/15/20223,300,000 shares $822.76 million +9.6%1.4%2.2 $249.32
4/30/20223,010,000 shares $776.22 million +0.7%1.3%2 $257.88
4/15/20222,990,000 shares $786.55 million -12.8%N/A2 $263.06
3/31/20223,430,000 shares $978.30 million -14.3%1.4%2.4 $285.22
3/15/20224,000,000 shares $1.07 billion +0.5%1.7%2.9 $268.06
2/28/20223,980,000 shares $1.02 billion +11.2%1.7%2.9 $256.52
2/15/20223,580,000 shares $984.97 million +7.8%1.5%2.7 $275.13
1/31/20223,320,000 shares $903.01 million -3.8%1.4%2.8 $271.99
1/15/20223,450,000 shares $994.57 million -1.7%1.4%2.9 $288.28
12/31/20213,510,000 shares $1.04 billion -2.5%1.4%3.1 $297.71
12/15/20213,600,000 shares $1.04 billion +3.2%1.5%3 $287.77
11/30/20213,490,000 shares $925.79 million +4.5%1.4%2.8 $265.27
11/15/20213,340,000 shares $919.84 million +25.1%1.4%2.8 $275.40
10/29/20212,670,000 shares $782.44 million -13.0%1.1%2.2 $293.05
10/15/20213,070,000 shares $846.03 million -8.9%1.2%2.6 $275.58

NSC Short Interest - Frequently Asked Questions

Short interest is the volume of Norfolk Southern shares that have been sold short but have not yet been closed out or covered. As of September 30th, investors have sold 7,152,583 shares of NSC short. 3.19% 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 7.6. Learn More on Norfolk Southern's short interest ratio.

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. 3.19% of Norfolk Southern's floating shares are currently sold short.

Norfolk Southern saw a drop in short interest in September. As of September 30th, there was short interest totaling 7,152,583 shares, a drop of 6.1% from the previous total of 7,619,508 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.

3.19% of Norfolk Southern's shares are currently sold short. Here is how the short interest of companies in the sector of "industrials" compare to Norfolk Southern: CSX Corporation (2.33%), J.B. Hunt Transport Services, Inc. (3.53%), Canadian National Railway Company (1.08%), Canadian Pacific Kansas City Limited (2.22%), Illinois Tool Works Inc. (3.25%), Union Pacific Corporation (4.68%), United Parcel Service, Inc. (3.34%), FTAI Infrastructure Inc. (16.17%), Uber Technologies, Inc. (2.48%), Old Dominion Freight Line, Inc. (4.69%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($75.10 billion), Invesco QQQ ($52.12 billion), iShares Russell 2000 ETF ($25.28 billion), SPDR S&P Biotech ETF ($11.70 billion), Nebius Group N.V. ($10.54 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($9.69 billion), iShares iBoxx $ High Yield Corporate Bond ETF ($9.22 billion), iShares 20+ Year Treasury Bond ETF ($8.80 billion), Financial Select Sector SPDR Fund ($7.65 billion), and Lumentum Holdings Inc. ($7.23 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 up $0.72 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 September, 30 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like NSC:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.



Short interest data for NYSE:NSC is sourced from the Financial Industry Regulatory Authority (FINRA), with the most recent report published on 10/9/2026. FINRA publishes updated short interest twice a month.
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