How Is The Market Feeling About ResMed?
Portfolio Pulse from Benzinga Insights
ResMed (NYSE:RMD) has seen a 5.02% increase in its short percent of float, now at 6.91%, indicating a bearish sentiment compared to its peers with an average of 4.34%. It would take traders 9.52 days to cover their short positions.
August 23, 2024 | 7:45 pm
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ResMed's short interest has increased to 6.91%, higher than its peers' average of 4.34%. This suggests a bearish sentiment, but it could also present a short squeeze opportunity.
The increase in short interest to 6.91% suggests that investors are bearish on ResMed compared to its peers, which have an average short interest of 4.34%. This could lead to downward pressure on the stock price. However, high short interest can also lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions, which could drive the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100