The Bull

Monday 20

May, 2013 9:40 AM

Industry Chart

Top 10 shorted stocks

Top 10 shorted stocks

Each day we feature the top 10 shorted stocks on the ASX

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By Staff Journalist 04.03.2013

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, compiled from data from ASIC. In the table below you will find the cumulative percentage of outstanding shorts for each stock. 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. For the daily short sales (shorts for that day only, rather than cumulative outstanding shorts), please click here.

 

Company Code % Shorts
JB HI-FI JBH  19.34
FAIRFAX  FXJ  16.70
ILUKA ILU  14.07
MYER  MYR  13.98
PALADIN  PDN  13.26
DAVID JONES  DJS  11.69
METCASH  MTS  11.22
FLIGHT CENTRE FLT  10.80
HARVEY NORMAN HVN  10.00
LYNAS LYC  9.59

 

1. JB Hi Fi (JBH)

CHART 

Stock code: JBH

Charts: JB Hi Fi Limited

More news: JB Hi Fi Limited

 

2. Fairfax (FXJ)

CHART 

Stock code: FXJ

Charts: Fairfax Limited

More news: Fairfax Limited

 

3. Iluka (ILU)

CHART 

Stock code: ILU

Charts: Iluka Resources Limited

More news: Iluka Resources Limited

 

4. Myer (MYR)

CHART 

Stock code: MYR

Charts: Myer Limited

More news: Myer Limited 

 

5. Paladin (PDN)

CHART 

Stock code: PDN

Charts: Paladin Limited

More news: Paladin Limited

 

6. David Jones (DJS)

CHART 

Stock code: DJS

Charts: David Jones Limited

More news: David Jones Limited

 

7. Metcash (MTS)

CHART 

Stock code: MTS

Charts: Metcash

More news: Metcash

 

8. Flight Centre (FLT)

CHART 

Stock code: FLT

Charts: Flight Centre Limited

More news: Flight Centre Limited

 

9. Harvey Norman (HVN)

CHART 

Stock code: HVN

Charts: Harvey Norman

More news: Harvey Norman

 

10. Lynas (LYC)

CHART 

Stock code: LYC

Charts: Lynas

More news: Lynas

 

Click on the links below to read other articles from this week's newsletter

3 Manufacturing Stocks Bucking The Trend

18 Share Tips - 4 March 2013

Using Analyst Recommendations During Reporting Season

Why the Federal Reserve is Digging an Ever-Deeper Hole

Borrowing to invest a risky solution to a savings problem

The Age of Cheap Finance is Over - Why Rates will Rise

RSI Vs Stochastics - Which Momentum Indicator Should You Use?

Stocks on a roll: ASX rolling 52-week highs

Stock on the slide: ASX rolling 52-week lows

 

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. The publication of this data does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.

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