Business
Nearmap’s losses keep short sellers interested – The Australian Financial Review
J Capital’s report may have achieved its aims better if the timing hadn’t been so close to Nearmap releasing its half-year results.
On Nearmaps short squeeze, the first point to note is the timing of the reports release just three whole business days before Nearmap handed in half-year results was curious.
If a short seller wants to maximise uncertainty around a business by publicising a research report, it seems logical to issue it a good period prior to the target company revealing its accounts to the market.
In this case, the opposite happened. Nearmap brought forward its results by two days and left a window of less than…
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