Atlassian Corporation Plc Class A Ord (NASDAQ:TEAM) Shorted Shares Increased 185.72% After Market Selling

The stock of Atlassian Corporation Plc Class A Ord (NASDAQ:TEAM) registered an increase of 185.72% in short interest. TEAM’s total short interest was 3.82M shares in March as published by FINRA. Its up 185.72% from 1.34 million shares, reported previously. With 1.50M shares average volume, it will take short sellers 3 days to cover their TEAM’s short positions. The short interest to Atlassian Corporation Plc Class A Ord’s float is 4.48%. The stock is up 0.37% or $0.09 after the news, hitting $23.69 per share. About 619,581 shares traded hands. Atlassian Corporation PLC (NASDAQ:TEAM) has risen 6.00% since February 1, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.

Atlassian Corporation Plc is engaged in designing, developing, licensing and maintaining of software, and the provisioning of software hosting services. The company has a market cap of $5.11 billion. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team services and support applications. It has 589.56 P/E ratio. It offers tools for software developers, such as FishEye, Bamboo and SourceTree.

Out of 8 analysts covering Atlassian (NASDAQ:TEAM), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Atlassian was the topic in 7 analyst reports since January 4, 2016 according to StockzIntelligence Inc.

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