The Short Report

Weekly Reports | Dec 20 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. Percentages 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 December 13, 2018

Last week saw the ASX200 crash though support at 5650 before bottoming out at 5550.

I can confirm that CSR ((CSR)) has not reappeared in the table, thus the prior week’s fall from 8.7% to under 5% can be confirmed.

I can also confirm that last week threw up no major short position moves that might require confirmation. Indeed, very little happened at all last week in short land.

We might note that Sigma Healthcare ((SIG)) last week announced an intended merger with Australian Pharma ((API)) and its share price shot up over 40% on the day, so no surprise Sigma shorts fell from 5.3% last week to off the table.

We might also note that while BHP Group ((BHP)) only announced its buyback/dividend pricing this week, as a capital return from its shale oil sale, last week the arbitrageurs had already begun to move in, it appears. BHP shorts rose to 4.9% from 3.8%.

No Movers & Shakers this week.

This is the last Short Report for 2018. The Short Report will return in January.

Weekly short positions as a percentage of market cap:

10%+

JBH     17.9
GXY   17.3
SYR    17.0
ORE    14.1
BWX   13.4
ING     13.1
MTS    12.9
IVC     12.1
NXT    11.9
MYR   11.8


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