Why Nearmap is heavily shorted, page-7

I tend to agree with you Roy but on the other hand I would like to see the SP take off and kill these shorters. For that reason I would be happy for the company to pause expansion into new markets until it is clearly profitable. That would shut up the doubters.

On the question of where the shorters are getting the shares, I suspect they are held by instos overseas who may be able stay under the 5% radar through some sort of ownership structure(s) that I do not understand.