(RMD) - Analyzing ResMed's Short Interest
Portfolio Pulse from Benzinga Insights
ResMed's (NYSE:RMD) short interest has increased by 3.66%, with 10.21 million shares sold short, representing 7.93% of its float. This is higher than the peer group average of 3.85%. It would take traders 12 days to cover their short positions.
May 27, 2024 | 8:45 pm
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ResMed's short interest has increased by 3.66%, with 10.21 million shares sold short, representing 7.93% of its float. This is significantly higher than the peer group average of 3.85%.
The increase in short interest suggests that investors are becoming more bearish on ResMed compared to its peers. This could lead to downward pressure on the stock price in the short term.
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