Peering Into Atlassian's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short interest has decreased by 13.14% since the last report, with 3.21 million shares sold short, representing 2.05% of its float. This decrease in short interest could indicate a more bullish sentiment towards TEAM. Compared to its peers, Atlassian has a lower short interest percentage of float, with the average for its peer group being 3.96%.
March 15, 2024 | 1:30 pm
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Atlassian's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, TEAM might experience a positive short-term price movement.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. Since Atlassian's short interest has decreased significantly and is lower than its peer average, this could lead to a positive perception among investors, potentially driving up the stock price in the short term.
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