Atlassian Corporation Plc – Class A Ordinary Share (NASDAQ:TEAM)’s Trend Unknown, Especially After Increased Shorts

July 14, 2018 - By Bradley Stiles

Atlassian Corporation Plc (NASDAQ:TEAM) Logo

The stock of Atlassian Corporation Plc – Class A Ordinary Share (NASDAQ:TEAM) registered an increase of 33.05% in short interest. TEAM’s total short interest was 9.58M shares in July as published by FINRA. Its up 33.05% from 7.20M shares, reported previously. With 2.45 million shares average volume, it will take short sellers 4 days to cover their TEAM’s short positions. The short interest to Atlassian Corporation Plc – Class A Ordinary Share’s float is 10.48%.

The stock decreased 1.57% or $1.07 during the last trading session, reaching $67.19. About 1.11 million shares traded. Atlassian Corporation Plc (NASDAQ:TEAM) has risen 75.08% since July 14, 2017 and is uptrending. It has outperformed by 62.51% the S&P500.

Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. The company has market cap of $15.72 billion. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. It currently has negative earnings. The company??s products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams.

More recent Atlassian Corporation Plc (NASDAQ:TEAM) news were published by: Fool.com which released: “Here’s Why Atlassian Corporation Rose 42.2% in 2018 (So Far)” on July 10, 2018. Also Blogs.Wsj.com published the news titled: “Nasdaq CIO Puts AI to Work” on July 05, 2018. Businesswire.com‘s news article titled: “Atlassian Announces Timing of Fourth Quarter and Full Fiscal Year 2018 Results” with publication date: July 11, 2018 was also an interesting one.

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