ResMed Inc. (NYSE:RMD) Short Squeeze

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Over the past twenty days of trading, ResMed Inc. (NYSE: RMD), from January 22, 2020 to March 24, 2020 there is a potential Short Squeeze about to happen because of an increase in short volume over the past twenty days with very little cover volume.

Because of this the Squeeze Report trend indicator issued a RMD Short Squeeze.


ResMed Inc. (NYSE: RMD) Short Squeeze Analysis

During the last five days of trading, from February 12, 2020 to March 24, 2020 RMD had a staggering 55,617 shares shorted while trading a total of 6,753,652 shares as show the on RMD short page.

The last ten days of trading, from February 05, 2020 to March 24, 2020 RMD had a staggering 76,397 shares shorted while trading a total of 8,997,711 shares as show the on RMD short page.

Over the last twenty days of trading, from January 22, 2020 to March 24, 2020 RMD had a staggering 133,035 shares shorted while trading a total of 15,173,470 shares as show the on RMD short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 4 short days, 3 days with no change but 3 cover days. The last twenty trading days there were 9 short day, 3 days with no change but 8 cover days.


ResMed Inc. (NYSE: RMD) Short Squeeze Result

The short indicator utilizes several factors before determining a result and because of these indications we have placed a short trend indicator of RMD Short Squeeze.


ResMed Inc. (NYSE: RMD) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume133,035
Total Actual Volume15,173,470
Total Volume Discrepancy14,884,592

Short Trends

Cover Days8
Short Days9
No Change Days3

Averages

Average Volume Discrepancy744,229
Average Short Volume6,651
Average Short Percentage46%

The Short Trend Indicator

Squeeze Reports short trend indicator utilizes several different trading factors including, short data, trade data, short analysis and short probability. So become a member of Squeeze Report if you want to to gain access or know more about the short trend indicator and other short trading tools.


Disclaimer

This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of ResMed Inc. (NYSE: RMD) and doed not buy, sell, or trade any shares of RMD. This article does not provide a professional analysis of a (RMD) financial position. (RMD) financial position and all other information regarding the featured Company should be verified directly with (RMD). Please read our full disclaimer for more detailed information.