(TEAM) - Analyzing Atlassian's Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has decreased by 6.3% since its last report, with 5.15 million shares sold short, representing 3.87% of all regular shares available for trading. It would take traders 2.4 days on average to cover their short positions. The company's short interest is higher than its peer group average of 3.39%.
July 03, 2023 | 2:46 pm
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Atlassian's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, its short interest is still higher than its peer group average.
A decrease in short interest can signal a more bullish sentiment towards a stock, which could potentially lead to an increase in its price. However, Atlassian's short interest is still higher than its peer group average, which could indicate that investors are still somewhat bearish on the stock. Therefore, the impact on the stock's price in the short term is uncertain.
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