Business
Here’s why the Nearmap (ASX:NEA) share price jumped 7% higher today
The Nearmap Ltd (ASX: NEA) share price was a strong performer on Wednesday and stormed higher again.
The aerial imagery technology and location data company’s shares finished the day 7% higher at $2.77.
This means the Nearmap share price is now up 34% since this time last month. And that’s despite the company being the target of a short seller attack last week.
That short seller attack may go down as one of the least successful we’ve seen in recent times.
Why is the Nearmap share price racing higher?
Investors have been buying Nearmap shares since it released a comprehensive response to the short seller report and its half year results.
In respect to the latter, Nearmap reported annual contract value (ACV) of $112.2…
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