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, news and each companies investor centre.
Company | Stock Code | Shorts | % of shorts | Previous % |
JB Hi Fi | JBH | 15226145 | 15.45 | 16.45 |
Fairfax | FXJ | 300565094 | 12.78 | 12.99 |
David Jones | DJS | 39722758 | 7.62 | 6.51 |
Billabong | BBG | 15856948 | 6.24 | 5.97 |
Perpetual | PPT | 2472530 | 5.54 | 6.23 |
iShares Sm. Ords | ISO | 208082 | 5.34 | 5.34 |
Elders | ELD | 22174748 | 4.92 | 3.79 |
Aristocrat | ALL | 25791956 | 4.81 | 4.89 |
Flight Ctre | FLT | 4595760 | 4.61 | 4.58 |
Wotif.com | WTF | 9749604 | 4.60 | 3.39 |
1. JB Hi Fi (JBH)
Top Australian Brokers
- eToro - Social and copy trading platform - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- Pepperstone - Trading education - Read our review
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. David Jones (DJS)
Stock code: DJS
Charts: David Jones Limited
More news: David Jones Limited
4. Billabong (BBG)
Stock code: BBG
Charts: Billabong Limited
More news: Billabong Limited
5. Perpetual (PPT)
Stock code: PPT
Charts: Perpetual Limited
More news: Perpetual Limited
6. iShares Small Ords (ISO)
Stock code: ISO
Charts: iShares Small Ords Limited
More news: iShares Small Ords Limited
7. Elders (ELD)
Stock code: ELD
Charts: Elders Limited
More news: Elders Limited
8. Aristocrat (ALL)
Stock code: ALL
Charts: Aristocrat Limited
More news: Aristocrat Limited
9. Flight Centre (FLT)
Stock code: FLT
Charts: Flight Centre Limited
More news: Flight Centre Limited
10. Wotif.com (WTF)
Stock code: WTF
Charts: Wotif.com Limited
More news: Wotif.com Limited
Shorted positions information from ASIC, as at 14/7/2011. Charts as at close of last full day’s trade.