December 15, 2017 / 5:18 PM / in 8 months

BUZZ-CSX short sellers cut 2017 losses with stock drop - S3

** CSX Corp shares down 7.9 pct to $52.77 in Fri trading; No. 3 U.S. railroad’s chief executive officer taking unexpected medical leave

** Stock’s decline is welcome news for short sellers, who have been wounded by CSX’s 46.9 pct rise this year

** Through Thurs, CSX shorts YTD losses were $289.7 mln, or 31.3 pct, according to financial analytics firm S3 Partners

** On Fri, with CSX stock price down $4.45 in mid-day trading, shorts are up $71.4 mln, according to S3; YTD losses now $210.4 mln

** CSX had been the third-largest short in the U.S./Canada railroad sector, according to S3, behind Canadian National Railway and Union Pacific

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