The Short Report

Weekly Reports | Jul 12 2018

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 July 5, 2018

Last week saw the ASX200 continue to consolidate before a sudden rush up to a new high, albeit briefly, this week.

There was not a lot of action among the most shorted stocks last week, but there were definitely some moves to highlight.

Just how much of a threat is Amazon to Australia’s two incumbent retail leaders JB Hi-Fi ((JBH)) and Harvey Norman ((HVN))? Analysts, for the most part, suggest not as much as the market fears but that has not stopped shorts from quietly building in both.

Last week saw JB Hi-Fi shorts rise to 18.8% from 17.5%. Harvey Norman has snuck back into the 10% plus shorted club with a small increase.

We also welcome debutant Inghams Group ((ING)) into the club. See below.

Making their debuts into the 5% plus shorted table last week were nickel-cobalt-scandium miner cum water purifier Clean TeQ ((CLQ)) and embattled pharma distributor Sigma Healthcare ((SIG)). See below.

 Weekly short positions as a percentage of market cap:

10%+

SYR    21.1
JBH     18.8
DMP   15.3
GXY   14.5
ORE    13.3
VOC   12.2
MYR   12.1
ING     11.6
MTS    11.4
AAC   11.2
GXL    10.8
IVC     10.6
NWS   10.4
NAN   10.1
HVN   10.0


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