Peering Into Atlassian's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has fallen 10.97% since its last report, with 4.54 million shares sold short, which is 3.41% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Atlassian. However, Atlassian's short interest as a percentage of float is higher than its peer group average of 2.83%.
August 10, 2023 | 5:00 pm
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Atlassian's decrease in short interest could indicate a more bullish sentiment towards the stock. However, its higher short interest compared to peers could be a concern.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. However, Atlassian's higher short interest compared to its peers could indicate that investors are more bearish on Atlassian compared to other similar companies.
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