Short Interest Update on ResMed (RMD)

ResMed (RMD) : The short interest in ResMed (RMD) has changed with an increase of 1,142,261 shares and the open interest is 10%. From 11,412,017 short positions on Jul 29, 2016, the shorts increased to 12,554,278 shares by August 15, 2016. There are 16 more days left for the expiry and the daily trading volume of the stock is 803,740 shares. The total interest of shorts is 9.1% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

ResMed (NYSE:RMD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.32 and $67.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.00, notching a gain of 1.01% for the day. The total traded volume was 1,471,994 . The stock had closed at $67.32 on the previous day.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Resmed Inc, Taylor Ronald R had purchased shares worth of $171,926 in a transaction dated on August 17, 2016. A total of 2,487 shares were purchased at a price of $69.13 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ResMed Inc. is engaged in the development, manufacturing, distribution and marketing of medical products for the diagnosis, treatment and management of respiratory disorders, with a focus on sleep-disordered breathing (SDB). The Company develops various products for SDB and other respiratory disorders, including airflow generators, diagnostic products, mask systems, headgear and other accessories. It produces continuous positive airway pressure, variable positive airway pressure and AutoSet systems for the titration and treatment of SDB. Its products also include S9 Escape, AirSense 10 Elite, AirSense 10 CPAP, S9 VPAP S, S9 VPAP ST, S9 VPAP Adapt, S9 VPAP ST-A, S9 VPAP COPD and AirCurve 10 V Auto, among others. It markets sleep recorders for the diagnosis and titration of SDB in sleep clinics and hospitals. Its products include Quattro FX, Swift FX for Her, Mirage FX for Her, Pixi Pediatric Mask, Quattro FX for Her, Swift FX Bella, Swift FX Nano, AirFit N10 and Apnealink Air.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.