Looking Into Atlassian's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has fallen 13.91% since its last report, with 3.08 million shares sold short, which is 2.29% of all regular shares available for trading. It would take traders 2.74 days to cover their short positions on average. The decrease in short interest could signal a more bullish sentiment towards the stock. Atlassian's short interest as a percentage of float is less than its peer group average of 3.26%.
September 19, 2023 | 3:45 pm
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Atlassian's short interest has decreased, which could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish on the stock, potentially leading to less selling pressure. However, many other factors can influence stock price, so this does not guarantee a price increase.
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