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Nearmap counterattacks short-seller’s scathing claims, jumps 14 per cent – Stockhead
Aerial mapping tech company, Nearmap has rejected a Hong Kong-based short-seller claim that it was hiding its struggling operations in the US.
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Aerial mapping tech company, Nearmap (ASX:NEA), has just released an announcement to the market rejecting a Hong Kong-based short-sellers claims that it was hiding its struggling operations in the US.
After the announcement, its share price jumped by more than 14% off the block in morning trading.
Nearmap share price today:
Background
Last Thursday, Hong Kong based J Capital Research released a scathing report on Nearmap that sent its share price tumbling by more than 7%.
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