By Staff Journalist | 01.11.2012
The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short.” Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high and out at a low – with the sequence of events also in reverse, since you sell first and buy back afterwards. Indeed, as confusing as it sounds, this involves selling something that you don’t already own.
Each day we feature the top 10 shorted stocks on the ASX. In the table below you will find the percentage of each stock shorted and the previous day's percentage. If you're interested in more information about each company, further down we have 1-year share price charts, plus links to more charting and news.
Company Code % of Shorts JB HI-FI JBH 21.91 FAIRFAX FXJ 15.29 LYNAS LYC 13.33 MYER MYR 12.77 FLIGHT CENTRE FLT 12.61 ILUKA ILU 12.47 REJECT SHOP TRS 10.36 HARVEY NORMAN HVN 9.26 DAVID JONES DJS 8.94 PALADIN PDN 8.89
1. JB Hi Fi (JBH)
Stock code: JBH
Charts: JB Hi Fi Limited
More news: JB Hi Fi Limited
2 . Fairfax (FXJ)
Stock code: FXJ
Charts: Fairfax Limited
More news: Fairfax Limited
3 . Lynas (LYC)
Stock code: LYC
Charts: Lynas Limited
More news: Lynas Limited
4 . Myer (MYR)
Stock code: MYR
Charts: Myer Limited
More news: Myer Limited
5 . Flight Centre (FLT)
Stock code: FLT
Charts: Flight Centre Limited
More news: Flight Centre Limited
6 . Iluka (ILU)
Stock code: ILU
Charts: Iluka Resources Limited
More news: Iluka Resources Limited
7 . The Reject Shop (TRS)
Stock code: TRS
Charts: The Reject Shop
More news: The Reject Shop
8 . Harvey Norman (HVN)
Stock code: HVN
Charts: Harvey Norman
More news: Harvey Norman
9 . David Jones (DJS)
Stock code: DJS
Charts: David Jones
More news: David Jones
10 . Paladin (PDN)
Stock code: PDN
Charts: Paladin Limited
More news: Paladin Limited
>> Click here to read other articles from this week's newsletter
Disclaimer: No responsibility is accepted for any inaccuracies contained in the matter published. Shorted positions sourced from ASIC, TheBull is not responsible for the accuracy of the data . Charts as at close of last full day's trade.
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