Looking Into ResMed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ResMed's (NYSE:RMD) short percent of float has risen 11.96% since its last report, with 1.33 million shares sold short, which is 1.03% of all regular shares available for trading. It would take traders 2.34 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, ResMed's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.
July 26, 2023 | 4:45 pm
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ResMed's short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
An increase in short interest usually indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that ResMed has less short interest than its peers could mitigate this effect to some extent.
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