Table of Contents
Short Seller Series: ASX Shorted Stocks Recap
Welcome to this week’s edition of the Short Seller Series, where we highlight the most significantly shorted stocks on the Australian Securities Exchange (ASX) and any noteworthy fluctuations in short interest over the past week. The data is typically reported with a four-day delay due to the mandatory reporting framework, which commences three business days post-trade. This report contrasts short interest between the week ending 11 August and the preceding week, between 4 and 11 August, as well as month-on-month shifts since 14 July.
Most Shorted Stocks
Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
---|---|---|---|---|
BOE | Boss Energy | 19.83% | +0.42% | +5.51% |
PDN | Paladin Energy | 18.15% | +0.64% | +1.26% |
PLS | Pilbara Minerals | 15.08% | +0.05% | +1.26% |
SLX | Silex Systems | 14.58% | +3.04% | +3.28% |
IEL | IDP Education | 12.87% | +0.45% | +0.80% |
LIC | Lifestyle Communities | 11.71% | -0.02% | +0.14% |
MIN | Mineral Resources | 11.70% | -0.64% | -2.22% |
PNV | Polynovo | 11.64% | +0.10% | +0.57% |
LTR | Liontown Resources | 10.25% | -2.89% | -1.89% |
CTD | Corporate Travel Management | 9.90% | +1.02% | -0.01% |
Rising Short Positions
Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
---|---|---|---|---|
SLX | Silex Systems | 14.58% | +3.04% | +3.28% |
BPT | Beach Energy | 5.23% | +2.81% | +1.88% |
BRG | Breville Group | 6.13% | +1.83% | +0.27% |
ILU | Iluka Resources | 8.01% | +1.66% | +3.70% |
WBT | Weebit Nano | 4.47% | +1.31% | +1.32% |
CTD | Corporate Travel Management | 9.90% | +1.02% | -0.01% |
JHX | James Hardie Industries | 3.98% | +1.02% | -0.65% |
LNW | Light & Wonder | 1.63% | +1.02% | +1.28% |
IMU | Imugene | 3.22% | +1.01% | -1.88% |
SGR | The Star Entertainment Group | 6.71% | +1.00% | +3.61% |
Key Insights
-
Silex Systems is under intense short selling pressure following a $130 million capitalization raise, resulting in a significant discount. This funding aims to enhance its uranium enrichment technology via its exclusive licensee, Global Laser Enrichment.
-
Beach Energy saw its share prices plummet by 9.3% after lowering its forecasted EBITDA and NPAT for FY25, which was below market consensus. Analysts from Citi noted adverse portfolio conditions impacting future production forecasts.
- Short interests have notably risen across various sectors in anticipation of the upcoming peak reporting season, with companies like Breville Group, Iluka Resources, and several mining firms such as Rio Tinto and Alcoa witnessing rising short positions.
Most Covered Stocks
Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
---|---|---|---|---|
LTR | Liontown Resources | 10.25% | -2.89% | -1.89% |
SYR | Syrah Resources | 3.29% | -1.92% | -1.68% |
OPT | Opthea | 2.14% | -1.13% | -1.24% |
WC8 | Wildcat Resources | 0.60% | -1.12% | -1.29% |
URW | Unibail-Rodamco-Westfield | 0.24% | -1.10% | -0.12% |
ALK | Alkane Resources | 2.80% | -0.87% | -0.26% |
NCK | Nick Scali | 4.38% | -0.78% | -1.31% |
MIN | Mineral Resources | 11.70% | -0.64% | -2.22% |
AMC | Amcor | 0.71% | -0.56% | -0.88% |
CSC | Capstone Copper Corp | 0.64% | -0.47% | -0.20% |
Summary
Liontown Resources showed resilience against short sellers, with a drop in short interest post-capital raise, despite the capital raised being at a discount. The stock’s favourable performance correlates with surging prices in lithium carbonate futures, indicating strong market demand.
This recap offers a comprehensive view of the ASX short selling landscape, illustrating both strengths and vulnerabilities among heavily targeted stocks in the last week. As the reporting season peaks, investors should monitor changes closely for strategic insights.