The Short Report – 22 August 2019

Weekly Reports | Aug 22 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 August 15, 2019

Last week saw the ASX200 began with the ASX200 trying to recover from the China currency fear wash-out before US yield curve inversion sparked another sell-off.

All the while the local earnings season was ramping up.

On that note I suggested last week that a jump in JB Hi-Fi’s ((JBH)) share price on result would likely reflect short-covering. Well, it appears not. JB Hi-Fi shorts have increased to 14.5% from 14.4%.

GWA Group ((GWA)) delivered a disappointing result this week and it looks like the shorters were ahead of the game. Last week GWA shorts rose to 9.9% from 8.3%.

Dacian Gold ((DCN)) saw its shorts rise to 8.3% from 7.10%. The gold miner had issued a production downgrade the week before.

The big mover & shaker last week was AMP ((AMP)). Its shorts fell to 6.5% from 9.7%. See below.

Weekly short positions as a percentage of market cap:

10%+
ING     19.5
NUF    18.7
GXY   16.0
ORE    15.9
BAL    15.8
JBH     14.5
SYR    14.2
NXT    14.0
DMP   12.0
BWX   11.9
HUB   11.6
PLS     11.2
BGA   11.0
RWC   10.3


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