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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, 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, further down we have 1-year 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
JB HI-FI  JBH 18.65
ILUKA ILU 16.17
FAIRFAX  FXJ 15.84
MYER  MYR 14.00
PALADIN  PDN 13.24
DAVID JONES  DJS 12.40
METCASH  MTS 11.91
FLIGHT CENTRE FLT 11.76
HARVEY NORMAN HVN 10.78
 REJECT SHOP TRS 9.51

 

1. JB Hi Fi (JBH)

 

Stock code: JBH

Charts: JB Hi Fi Limited

More news: JB Hi Fi Limited

 

2. Iluka (ILU)

 

Stock code: ILU

Charts: Iluka Resources Limited

More news: Iluka Resources Limited

 

3. Fairfax (FXJ)

 

Stock code: FXJ

Charts: Fairfax Limited

More news: Fairfax Limited

 

4. Myer (MYR)

 

Stock code: MYR

Charts: Myer Limited

More news: Myer Limited 

 

5. Paladin (PDN)

 

Stock code: PDN

Charts: Paladin Limited

More news: Paladin Limited

 

6. David Jones (DJS)

 

Stock code: DJS

Charts: David Jones Limited

More news: David Jones Limited

 

7. Metcash (MTS)

 

Stock code: MTS

Charts: Metcash

More news: Metcash

 

8. Flight Centre (FLT)

 

Stock code: FLT

Charts: Flight Centre Limited

More news: Flight Centre Limited

 

9. Harvey Norman (HVN)

 

Stock code: HVN

Charts: Harvey Norman

More news: Harvey Norman

 

10. The Reject Shop (TRS)

 

Stock code: TRS

Charts: The Reject Shop

More news: The Reject Shop

 

>> 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. 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.