Over the past twenty days of trading, Atlassian Corporation Plc (NASDAQ: TEAM), from December 24, 2019 to January 23, 2020 there is a potential Short Squeeze about to happen because of an increase in short volume over the past twenty days with very little cover volume.
Because of this the Squeeze Report trend indicator issued a TEAM Short Squeeze.
Atlassian Corporation Plc (NASDAQ: TEAM) Short Squeeze Analysis
During the last five days of trading, from January 16, 2020 to January 23, 2020 TEAM had a staggering 1,400,679 shares shorted while trading a total of 7,369,450 shares as show the on TEAM short page.
The last ten days of trading, from January 09, 2020 to January 23, 2020 TEAM had a staggering 2,470,223 shares shorted while trading a total of 14,382,570 shares as show the on TEAM short page.
Over the last twenty days of trading, from December 24, 2019 to January 23, 2020 TEAM had a staggering 5,116,097 shares shorted while trading a total of 26,300,761 shares as show the on TEAM short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 1 days with no change but 2 cover days. Over the last ten trading days there were 5 short days, 3 days with no change but 2 cover days. The last twenty trading days there were 10 short day, 6 days with no change but 4 cover days.
Atlassian Corporation Plc (NASDAQ: TEAM) Short Squeeze Result
The short indicator utilizes several factors before determining a result and because of these indications we have placed a short trend indicator of TEAM Short Squeeze.
Atlassian Corporation Plc (NASDAQ: TEAM) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||5,116,097|
|Total Actual Volume||26,300,761|
|Total Volume Discrepancy||17,275,903|
|No Change Days||6|
|Average Volume Discrepancy||863,795|
|Average Short Volume||255,804|
|Average Short Percentage||50%|
The Short Trend Indicator
Squeeze Reports short trend indicator utilizes several different trading factors including, short data, trade data, short analysis and short probability. So become a member of Squeeze Report if you want to to gain access or know more about the short trend indicator and other short trading tools.
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