Peering Into Atlassian's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has fallen 7.86% since its last report, with 2.84 million shares sold short, which is 2.11% of all regular shares available for trading. It would take traders 2.73 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.29%.
October 05, 2023 | 7:30 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 7.86%, which could indicate a more positive sentiment towards the stock in the short term.
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