The Short Report

Weekly Reports | Dec 07 2017

Guide:

The Short Report draws upon data provided by the Australian Securities & Investment Commission (ASIC) to highlight significant weekly moves in short positions registered on stocks listed on the Australian Securities Exchange (ASX). Short positions in exchange-traded funds (ETF) and non-ordinary shares are not included. Short positions below 5% are not included in the table below but may be noted in the accompanying text if deemed significant.

Please take note of the Important Information provided at the end of this report. Percentage amounts in this report refer to percentage of ordinary shares on issue.

Stock codes highlighted in green have seen their short positions reduce in the week by an amount sufficient to move them into a lower percentage bracket. Stocks highlighted in red have seen their short positions increase in the week by an amount sufficient to move them into a higher percentage bracket. Moves in excess of one percentage point or more are discussed in the Movers & Shakers report below.

Summary:

Week ending November 30, 2017

Last week saw the ASX200 saw-tooth its way up to over 6020 before crashing back to 5960 on the last day of the month – the day the government announced a Royal Commission into the banks.

If readers were looking forward to learning of an exciting and eventful week on the short side of the market then sorry, no luck. Yes there’s red and green on the table below but nothing of any consequence.

Only one stock saw a change in short position of one percentage point or more. Nickel miner Independence Group ((IGO)) shorts fell to 18.7% from 19.7%. But as is so often noted in this Report, moves in week-on-week short positions in Independence and peer Western Areas are as volatile as the nickel price itself.

I could make a big deal out of the fact that for the first time in a very long time, Myer ((MYR)) has slipped out of the 10% plus shorted club. But as it’s only to 9.7%, there’s no point in looking for a trend at this stage.

I could also note that Woolworths ((WOW)) is back into the 5% plus table after a period of absence, to be the only other ASX Top 20 company alongside Rio Tinto to be shorted to such an extent, but as it’s a move to 5.0% from 4.8% shorted, I won’t.

No Movers & Shakers this week.


Weekly short positions as a percentage of market cap:

10%+

SYR    21.3
IGO     18.7
DMP   17.0
JBH     15.1
HSO    15.0
RFG    11.9
AAD   11.2
WSA   10.7
ACX   10.5
MTS    10.3
APO    10.0


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