Peering Into ResMed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ResMed's (NYSE:RMD) short percent of float has fallen 28.57% since its last report, with 1.03 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. ResMed's short interest as a percentage of float is lower than its peer group average of 3.63%.
July 10, 2023 | 5:45 pm
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ResMed's short interest has decreased, which could indicate a more bullish sentiment towards the stock. Its short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, ResMed's short interest being lower than its peer group average could be seen as a positive sign by investors.
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