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Tale of the Tape

Zacks Equity Research

Investors are Betting Against ResMed Inc. (RMD), Should You?
August 22, 2013


Trades from $3

Many investors appear to be quite bearish on ResMed Inc. (RMD - Analyst Report) especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.39% of the float is sold short, suggesting an extreme level of bearishness for RMD.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy) on RMD, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of RMD to move higher in the weeks ahead.