The Short Report – 07 Nov 2019

Weekly Reports | Nov 07 2019

See Guide further below (for readers with full access).


Week ending October 31, 2019

Last week saw the ASX200 close about where it had begun, after a rally and return in between. All to do with trade optimism/pessimism.

There’s quite a lot of movement evident in the table below but most if it is bracket creep, but for some exceptions.

I have covered the progress shorts in Kirkland Lake Gold ((KLA)) in the past two Reports so I’ll simply note Kirkland shorts fell further last week to 7.0% from 10.1%.

Beyond that, there were three big short increases of note.

One is Costa Group ((CGC)) and another Bega Cheese ((BGA)) for similar reasons, while Webjet ((WEB)) shorts continue to rise.

See below.

Also I suggested last week we should see evidence of short covering in the lithium miners this week, but I was actually a day early. The short-covering scramble began last Friday. We await next week’s Report.

Weekly short positions as a percentage of market cap:

SYR    17.8
GXY   16.5
ORE    14.4
ING     13.8
GWA  13.8
NXT    13.0
BOQ   12.8
JBH     12.2
SDA    11.1
DMP   10.5
HUB   10.4
BIN     10.3
BGA   10.2
WEB   10.0
CGC    10.0
BKL    10.0
NEA    10.0

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