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February, 201710:59 AM



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Top 10 shorted stocks

Top 10 shorted stocks

By Staff Journalist 20.02.2017


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 week 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.

Click on the stock code for charts and more information on each company.

 

Company Code % of shorts
MYER  
MYR  17.27
ACONEX   ACX  15.51
WESTERN AREAS   WSA  13.45
TFS CORP. 
TFC  11.76
VOCUS GROUP   VOC  11.06
NINE ENT. NEC  10.82
MAYNE PHARMA   MYX  10.20
SYRAH RESOURCES  SYR  10.10
WORLEYPARSONS   WOR  10.08
METCASH   MTS  9.95

>> BACK TO THE NEWSLETTER: 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. 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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