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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 Whyte

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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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/why-the-market-is-mega-divided-about-megaport-20230210-p5cjha