top 10 shorted stocks

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By Staff Journalist | 20.05.2013

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.

Product	Product Code	% of shorts
JB HI-FI	JBH	17.70
FAIRFAX	FXJ	16.94
MYER	MYR	14.50
ILUKA	ILU	14.15
PALADIN	PDN	12.78
MONADELPHOUS	MND	12.04
FLIGHT CENTRE	FLT	11.43
DAVID JONES	DJS	11.13
CSR	CSR	10.24
WHITEHAVEN	WHC	10.15

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. Myer (MYR)

CHART

Stock code: MYR

Charts: Myer Limited

More news: Myer Limited

4. Iluka (ILU)

CHART

Stock code: ILU

Charts: Iluka Resources Limited

More news: Iluka Resources Limited

5. Paladin (PDN)

CHART

Stock code: PDN

Charts: Paladin Limited

More news: Paladin Limited

6. Monadelphous (MND)

CHART

Stock code: MND

Charts: Monadelphous Limited

More news: Monadelphous Limited

7. Flight Centre (FLT)

CHART

Stock code: FLT

Charts: Flight Centre Limited

More news: Flight Centre Limited

8. David Jones (DJS)

CHART

Stock code: DJS

Charts: David Jones

More news: David Jones

9. CSR Ltd (CSR)

CHART

Stock code: CSR

Charts: CSR Ltd

More news: CSR Ltd

10. Whithaven (WHC)

CHART

Stock code: WHC

Charts: Whitehaven

More news: Whitehaven

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

1. 6 Stocks For Yield And Growth (GARP): Why not look for income stocks with good growth...

2. 18 Share Tips - 20 May 2013: 18 Share Tips to BUY, SELL & HOLD from...

3. Many Income Stocks Are Overvalued - So Where To For Yield?: They provide low-cost, index-like returns...

4. The Best Way To Protect Your Portfolio From Losses: Be wary of investment options that promise too...

5. Trade Forex On Herd Instinct: Being a contrarian may enable you to reap...

6. The Frankenstein Economy: From the great recession of 2008 has emerged...

7. Professional Trader: How To Take Trading Losses: I began to manage my trading like I was...

8. Top 10 shorted stocks: Each day we feature the top 10 shorted stocks...

9. Stocks on a roll: ASX rolling 52-week highs for the previous...

10. Stocks on the slide: ASX rolling 52-week lows for the previous...

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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WHAT’S ON THIS WEEK

week 24 May 2013

- 20
- Austmine 2013 conference Austmine 2013 conference (day 1 of 4) | 12:08 AM
- CBA Commonwealth Bank business sales indicator for April | 12:49 AM
- LEI Leighton Holdings annual general meeting | 1:57 AM
- Actuaries Summit Actuaries Summit 2013 (day 1 of 2) | 10:59 PM
- OPT Optus Network 2013 Update | 11:00 PM
- 21
- Actuaries Summit Actuaries Summit 2013 (day 2 of 2) | 12:14 AM
- Mining for Development Conference Mining for Development Conference 2013 (day 2 of 2) | 12:44 AM
- QFX Quickflix annual general meeting | 1:06 AM
- Mining for Development Conference Mining for Development Conference 2013 (day 1 of 2) | 1:24 AM
- RBA Minutes of Reserve Bank of Australia monthly board meeting | 1:55 AM
- Melbourne Mining Club Cutting Edge Series Melbourne Mining Club Cutting Edge Series featuring Altona Mining managing director Alistair Cowden; Orion Gold NL managing director Errol Smart; and World Titanium Resources chief executive Bruce Griffin | 1:59 AM
- Austmine 2013 conference Austmine 2013 conference (day 2 of 4) | 1:59 AM
- RHL Ruralco Holdings first half results | 2:00 AM
- Australian Business Economists' lunch Treasury Secretary Dr Martin Parkinson to address Australian Business Economists' lunch on "Budgeting in Challenging Times" | 2:01 AM
- MLB Melbourne IT annual general meeting | 2:02 AM
- BLY Boart Longyear annual general meeting | 2:52 AM
- AOFM Australian Office of Financial Management (AOFM) to issue $250 million of February 2022 Treasury Indexed bonds | 11:35 PM
- 22
- MYR Myer Q3 sales results | 12:15 AM
- Westpac/Melbourne Institute Westpac/Melbourne Institute Survey of Consumer Sentiment | 12:43 AM
- ADE Adelaide Brighton annual general meeting | 1:07 AM
- Austmine 2013 conference Austmine 2013 conference (day 3 of 4) | 1:07 AM
- Power Pricing 2013 conference Power Pricing 2013 conference (day 2 of 3) | 1:07 AM
- ILU Iluka Resources annual general meeting | 1:07 AM
- ALZ Australand Holdings annual general meeting | 1:08 AM
- Power Pricing 2013 conference Power Pricing 2013 conference (day 1 of 3) | 1:32 AM
- American Chamber of Commerce in Australia lunch Federal opposition spokesman for energy and resources Ian Macfarlane to address American Chamber of Commerce in Australia lunch | 1:32 AM
- American Chamber of Commerce Opposition spokesman for health and ageing Peter Dutton to address American Chamber of Commerce in Australia lunch | 1:56 AM
- PSA Petsec Energy annual general meeting | 2:02 AM
- 23
- Morningstar Investment Conference Morningstar Investment Conference | 12:00 AM
- Economic Development of Australia lunch GrainCorp chief executive Alison Watkins to address Committee for Economic Development of Australia lunch as part of CEO Vision Series | 1:33 AM
- IRN Indophil Resources annual general meeting | 1:36 AM
- 24