How Is The Market Feeling About Atlassian?
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short percent of float has fallen 7.86% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.84 million shares sold short, which is 2.11% of all regular shares available for trading. Compared to its peers, Atlassian has less short interest, with the average for its peer group being 3.29%.
October 24, 2023 | 3:45 pm
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Decrease in short interest indicates a more bullish sentiment towards Atlassian. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock price. Atlassian's short interest has decreased, indicating a more bullish sentiment towards the stock.
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