(RMD) - Analyzing ResMed's Short Interest
Portfolio Pulse from Benzinga Insights
ResMed's short interest has decreased by 3.28%, with 9.87 million shares sold short, representing 7.67% of its float. This is higher than the peer group average of 4.79%. It would take traders 11.87 days to cover their short positions.
June 20, 2024 | 6:00 pm
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ResMed's short interest has decreased by 3.28%, now at 7.67% of its float. This is higher than the peer group average of 4.79%. It would take traders 11.87 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. Although ResMed's short interest is still higher than its peers, the reduction indicates that fewer investors are betting against the stock, which could lead to a positive short-term impact on the stock price.
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