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Nearmap (ASX:NEA) share price sinks 7% on scathing short seller attack – The Motley Fool Australia
The Nearmap Ltd (ASX:NEA) share price is sinking on Thursday after becoming the latest company to be targeted by overseas short sellers…
The Nearmap Ltd(ASX: NEA) share price has come under significant selling pressure on Thursday.
In late morning trade the aerial imagery technology and location data company’s shares were down 7% to $2.16 before being hurried into a trading halt.
Why is the Nearmap share price under pressure today?
Investors were selling Nearmap shares this morning following the release of a short seller report by Hong Kong-based J Capital Research.
J Capital has previously targeted Harvey Norman Holdings Limited(ASX:…
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