It would appear that the Nearmap shorts notched down by 0.1% or around $1 million worth. (462,769 shares)
This may imply that Jcap were covering their shorts as they released the report. In other words when people were panicking and selling their shares, Jcap may have been buying.
Graph below shows shorts fell from 5.49% to 5.39%
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- Nearmap shorts FELL on release of JCrap report
Nearmap shorts FELL on release of JCrap report
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