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 day we feature the top 10 shorted stocks on the ASX. In the table below you will find the percentage of each stock shorted and the previous day’s percentage. If you’re interested in more information about each company, further down we have 1-year share price charts, plus links to more charting and news. 

 

Company Code % of Shorts
JB HI-FI   JBH  22.51
LYNAS  LYC  13.57
FLIGHT CENTRE  FLT  13.32
FAIRFAX   FXJ  12.96
MYER   MYR  12.03
ILUKA  ILU  11.86
THE REJECT SHOP  TRS  10.10
ALUMINA   AWC  9.24
DAVID JONES   DJS  9.08
CSR   CSR  8.68

 

1. JB Hi Fi (JBH)

 

Stock code: JBH

Charts: JB Hi Fi Limited

More news: JB Hi Fi Limited

 

2. Lynas (LYC)

 

Stock code: LYC

Charts: Lynas Limited

More news: Lynas Limited

 

3. Flight Centre (FLT)

 

Stock code: FLT

Charts: Flight Centre Limited

More news: Flight Centre Limited

 

4. Fairfax (FXJ)

 

 

Stock code: FXJ

Charts: Fairfax Limited

More news: Fairfax Limited

 

5. Myer (MYR)

 

Stock code: MYR

Charts: Myer Limited

More news: Myer Limited 

 

6. Iluka (ILU)

 

Stock code: ILU

Charts: Iluka Resources Limited

More news: Iluka Resources Limited

 

7. The Reject Shop (TRS)

 

Stock code: TRS

Charts: The Reject Shop

More news: The Reject Shop

 

8. Alumina (AWC)

 

Stock code: AWC

Charts: Alumina Limited

More news: Alumina Limited

 

9. David Jones (DJS)

 

Stock code: DJS

Charts: David Jones

More news: David Jones

 

10. CSR Ltd (CSR)

 

Stock code: CSR

Charts: CSR

More news: CSR

 

>> Click here to read other articles from this week’s newsletter

 

 

Shorted positions information from ASIC. Charts as at close of last full day’s trade.

Please note that TheBull.com.au simply publishes broker recommendations on this page. The publication of these recommendations 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.