The Short Report – 28 Nov 2019

Weekly Reports | Nov 28 2019

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

Summary:

Week ending November 21, 2019

Last week the ASX200 breached the 6800 mark once again on a dovish set of RBA minutes, before the Westpac bombshell was dropped and the index copped a two-day sell-off.

There was not a lot of movement in short positions last week, bar a couple of notables.

Kirkland Lake Gold ((KLA)) shorts jumped back to 12.9% from 7.7%, marking the fourth consecutive weekly bounce between the 12s and the 7s and back again. Last week the Canadian based miner announced a takeover of compatriot Detour Gold and the share price promptly fell -9%.

Bellamy's Australia ((BAL)) fell off the 5% plus table last week from 8.4% shorted, while Saracen Mineral Holdings ((SAR)) shorts dropped to 5.1% from 7.8%.

See below.


Weekly short positions as a percentage of market cap:

10%+


SYR    17.0
GXY   16.9
GWA  15.5
ING     14.0
SDA    13.3
KLA    12.9
BOQ   12.3
NXT    11.8
CGC    11.6
JBH     11.4
WEB   11.3
BGA   10.6
DMP   10.5
BKL    10.5
NEA    10.2
HUB   10.1
MIN    10.1


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