The Short Report

Weekly Reports | Jun 06 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 30, 2019

Last week saw the gloss come off the election/APRA/RBA story as focus returned to the macro and trade wars, starting a pullback for the ASX200.

Not a lot of action last week in short positions until we get to the bottom of the table, where we note no less than six stocks crossed over into the 5% plus range for either the first time or a return visit.

They are debt retrievers Collection House ((CLH)), oil & gas company Senex Energy ((SXY)), outdoor advertiser oOh!media ((OML)), lithium/iron ore miner and mineral processor Mineral Resources ((MIN)), which several years ago resided for a very long period at the top of the table, plus travel agents Corporate Travel Management ((CTD)) and Flight Centre ((FLT)).

Not a lot of correlation.

Two stocks saw short potions movements of one percentage point or more last week. Domino’s Pizza ((DMP)) shorts rose to 9.5% from 8.3% and Costa Group ((CGC)) returned to the table at 6.8% from below 5%.

See below. 

Weekly short positions as a percentage of market cap:

10%+
ING     17.6
SYR    16.8
JBH     15.9
NUF    15.6
NXT    15.1
GXY   14.6
BAL    14.5
ORE    13.7
BWX   11.7
BIN     11.4
MTS    11.1
SDA    10.0
IFL      10.1


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