Short Interest in ResMed Rises 17.2%

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Short interest in ResMed Inc. (NYSE:RMD) increased by 17.2% in February, with 11,837,993 shares now sold short, representing about 8.2% of the company’s outstanding stock. This rise suggests some investors are betting against ResMed’s near-term stock performance, indicating market sentiment around future challenges for the medical device company. The short interest ratio currently stands at 12.3 days based on average daily trading volume.

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