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PREVIOUS ARTICLE Stock of the Week - 17th April...

The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short”. Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high and out at a low – with the sequence of events also in reverse, since you sell first and buy back afterwards. Indeed, as confusing as it sounds, this involves selling something that you don’t already own.

Each week we feature the top 30 shorted stocks on the ASX, compiled from data from ASIC. In the table below you will find the cumulative percentage of outstanding shorts for each stock. If you’re interested in more information about each company, click here for share price charts, plus links to more charting and news. For the daily short sales (shorts for that day only, rather than cumulative outstanding shorts), please click here.

CompanyCode % of shorts
INGHAMS GROUP ORDINARYING16.48
SYRAH RESOURCES ORDINARYSYR16.31
JB HI-FI LIMITED ORDINARYJBH15.43
NUFARM LIMITED ORDINARYNUF13.48
OROCOBRE LIMITED ORDINARYORE12.8
NEXTDC LIMITED ORDINARYNXT12.26
GALAXY RESOURCES ORDINARYGXY12.18
BELLAMY’S AUSTRALIA ORDINARYBAL11.24
METCASH LIMITED ORDINARYMTS10.7
BWX LIMITED ORDINARYBWX9.94
BINGO INDUSTRIES LTD ORDINARYBIN9.77
SUPER RET REP LTD ORDINARYSUL9.41
HARVEY NORMAN ORDINARYHVN9.29
DOMINO PIZZA ENTERPR ORDINARYDMP9.14
PERPETUAL LIMITED ORDINARYPPT8.88
IOOF HOLDINGS LTD ORDINARYIFL8.74
CSR LIMITED ORDINARYCSR8.6
KOGAN.COM LTD ORDINARYKGN8.25
MYER HOLDINGS LTD ORDINARYMYR8.05
PILBARA MIN LTD ORDINARYPLS7.62
INVOCARE LIMITED ORDINARYIVC7.47
SPEEDCAST INT LTD ORDINARYSDA7.4
BANK OF QUEENSLAND. ORDINARYBOQ7.35
CHALLENGER LIMITED ORDINARYCGF7.28
AMP LIMITED ORDINARYAMP7.13
BLACKMORES LIMITED ORDINARYBKL7.1
BEGA CHEESE LTD ORDINARYBGA6.98
SIMS METAL MGMT LTD ORDINARYSGM6.85
QUINTIS LTD ORDINARYQIN6.69
HUB24 LTD ORDINARYHUB6.69

 

Disclaimer: No responsibility is accepted for any inaccuracies contained in the matter published.

Shorted positions sourced from ASIC, TheBull is not responsible for the accuracy of the data. Charts as at close of last full day’s trade. The publication of this data does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.