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The Aconex Ltd share price is up 15% in a week

It certainly has been a good week for the Aconex Ltd (ASX: ACX) share price.

With its shares up 4% to $4.46 during afternoon trade, its week-to-date gain has been a solid 15%.

Why are its shares higher?

Whilst there has been no meaningful news released by the software-as-a-service company for several months, the market may be working on the basis that no news is good news.

Especially considering how Aconex is not afraid to come out with profit downgrades when it senses that it is coming up short of expectations.

This in turn may have short sellers concerned that the company is on course to deliver a solid result when it reports its full-year earnings on August 22.

Full coverage of those results will be here on fool.com.au on the morning they are released.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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