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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. 

 

CompanyCode% of Shorts
JB HI-FI  JBH 21.91
FAIRFAX  FXJ 15.29
LYNAS LYC 13.33
MYER  MYR 12.77
FLIGHT CENTRE FLT 12.61
ILUKA ILU 12.47
 REJECT SHOP TRS 10.36
HARVEY NORMAN HVN 9.26
DAVID JONES  DJS 8.94
PALADIN  PDN 8.89

 

1. JB Hi Fi (JBH)

 

Stock code: JBH

Charts: JB Hi Fi Limited

More news: JB Hi Fi Limited

 

2. Fairfax (FXJ)

 

Stock code: FXJ

Charts: Fairfax Limited

More news: Fairfax Limited

 

3. Lynas (LYC)

 

Stock code: LYC

Charts: Lynas Limited

More news: Lynas Limited

 

4. Myer (MYR)

 

Stock code: MYR

Charts: Myer Limited

More news: Myer Limited 

 

5. Flight Centre (FLT)

 

Stock code: FLT

Charts: Flight Centre Limited

More news: Flight Centre 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. Harvey Norman (HVN)

 

Stock code: HVN

Charts: Harvey Norman

More news: Harvey Norman

9. David Jones (DJS)

 

Stock code: DJS

Charts: David Jones

More news: David Jones

 

10. Paladin (PDN)

 

Stock code: PDN

Charts: Paladin Limited

More news: Paladin Limited

 

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

 

 

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.

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.