(TEAM) - Analyzing Atlassian's Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has fallen 21.99% since its last report, with 3.59 million shares sold short, which is 2.66% of all regular shares available for trading. It would take traders 1.82 days to cover their short positions on average. Atlassian's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.

August 28, 2023 | 2:15 pm
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Atlassian's short percent of float has decreased, indicating a potentially bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. In this case, Atlassian's short percent of float has fallen 21.99% since its last report, which could indicate a more bullish sentiment towards the stock in the short term.
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