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Australia's Most Shorted Stock Has Only One Analyst Saying Sell

  • Bets against Aconex stock represent 25% of free float
  • Many analysts say buy shares because company will keep growing
People walk past the display at the Australian Securities Exchange
Photographer: William West/AFP via Getty Images
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It’s Australia’s most-shorted stock, but only one of the 10 analysts covering it considers it a sell.

Meet Aconex Ltd., a Melbourne-based company whose software helps architects and developers work together in the cloud. If you believe the sell-side, shares will rise 10 percent over the next year. Bears, however, have a completely different opinion: their bets against Aconex are near the highest on record -- and the most among 933 stocks listed down under for which data are available.