The Short Report

Weekly Reports | May 23 2019

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 May 16, 2019

Last week saw the ASX200 tumble on renewed trade war fears before recovering alongside a continually optimistic Wall Street, with a bit of help from growing RBA rate cut expectations.

Note that week in question ends last Thursday (latest ASIC data) so the impact of the election and the RBA’s near confirmation of a rate cut were not yet in play. Indeed all bar one of the noted short position changes below represent minor bracket creep.

Activity was restrained ahead of Labor’s election victory, as was assumed at the time.

The only move of one percentage point or more was reserved for Bingo Industries ((BIN)), which saw its shorts rise to 9.9% from 8.2%. See below.  

Weekly short positions as a percentage of market cap:

10%+
SYR    17.2
ING     16.6
NUF    15.5
JBH     15.3
NXT    14.6
GXY   14.1
BAL    12.9
ORE    12.3
MTS    11.7
SDA    10.2
BWX   10.2


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