Peering Into Atlassian's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atlassian's (NYSE:TEAM) short interest has risen by 3.74%, with 3.52 million shares sold short, representing 2.22% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Atlassian's short interest is still below the peer group average of 3.84%.
June 14, 2024 | 3:00 pm
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NEGATIVE IMPACT
Atlassian's short interest has increased by 3.74%, now at 2.22% of its float. This rise could indicate bearish sentiment, but the company's short interest remains below the peer group average of 3.84%.
The increase in short interest suggests that more investors are betting against Atlassian, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100