Why the market is mega-divided about Megaport
It’s the third most shorted stock on the ASX – but its backers say that some investors are just too impatient.
Jemima WhyteSenior reporter
Over the years, most of the companies founded by Rockhampton-born serial entrepreneur Bevan Slattery have proven divisive. Megaport, a software platform that allows big businesses to create and manage network connections, is no exception.
After reporting its first-half result last week, the $950 million company remains among the ASX’s top three shorted stocks, trailing only Flight Centre and Betmakers Tech Group.
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