Nearmap share price: are investors preparing for a sell-off?
As Nearmap’s short interest passes 10%, we examine the current broker outlook – which stands in stark contrast to the company’s mounting short interest.
Tuesday 17 December 2019 14:46The headline is a provocative one. Yes. Yet the point is also a salient one: a significant portion of Nearmap’s stock is currently held short by investors and traders – according to ASIC’s most recent short data.
11.19% of its stock, to be precise.
This makes Nearmap (ASX: NEA) the tenth most shorted stock on the ASX, notes Shortman.
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