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 % of shorts COCHLEAR COH 15.54 KINGSGATE KCN 14.79 NEWS CORP. B NWS 14.41 CABCHARGE CAB 13.46 MONADELPHOUS MND 13.28 MYER MYR 11.85 WESTERN AREAS WSA 11.57 FAIRFAX FXJ 11.26 BRADKEN BKN 11.14 METCASH MTS 11.12
1. Cochlear (COH) Stock code: COH Charts: Cochlear Limited More news: Cochlear Limited
2. Kingsgate (KCN) Stock code: KCN Charts: Kingsgate More news: Kingsgate
3. News Corp (NWS) Stock code: UGL Charts: UGL Limited More news: UGL Limited 4. Cabcharge (CAB) Stock code: CAB Charts: Cabcharge More news: Cabcharge
5. Monadelphous (MND) Stock code: MND Charts: Monadelphous Limited More news: Monadelphous Limited 6. Myer (MYR) Stock code: MYR Charts: Myer Limited More news: Myer Limited
7. Western Areas (WSA) Stock code: WSA Charts: Western Areas Limited More news: Western Areas Limited
8. Fairfax (FXJ) Stock code: FXJ Charts: Fairfax Limited More news: Fairfax Limited
9. Bradken (BKN) Stock code: BKN Charts: Bradken More news: Bradken
10. Metcash (MTS) Stock code: MTS Charts: Metcash More news: Metcash Click on the links below to read other articles from this week's newsletter 1. Why has this sector doubled in 6 months? : But despite stunning recent performance, don't... 2. Seven Consumer Discretionary Stocks with P/Es Under 10: The market has been a pretty good performer... 3. 18 Share Tips - 9 December 2013: 18 Share Tips to BUY, SELL & HOLD from... 4. What will happen when US quantative easing ends? : The problem with Quantitative Easing is that it... 5. All change: China's reform agenda shuns growth at any cost: China's demands for Australia's natural... 6. Risk on? Australian banks skirt unofficial home lending limits: Australian banks are much more heavily exposed ... 7. The United Kingdom Is Ripe For Stock Pickers: Overall, Europe as a whole remains an... Each day we feature the top 10 shorted stocks... 8. Top 10 shorted stocks: ASX rolling 52-week highs for the previous... 9. Stocks on a roll: ASX rolling 52-week lows for the previous... 10. Stocks on the slide:
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.