Table of Contents
Weekly Snap of ASX Short Selling Activities: Key Insights
Overview
Welcome to the latest edition of the Short Seller Series, providing insights into the stocks on the ASX facing the most short-selling activity and notable changes in short interest. Please note that short selling data typically reflects information that is four days behind the current date due to reporting regulations. This week’s analysis covers:
- Changes in short interest from 21 to 28 July.
- A month-on-month snapshot from 30 June to 28 July.
- The most covered and rising short stocks experiencing changes of 0.5% or more.
Most Shorted Stocks
Below is a list of stocks with the highest short percentages:
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| PDN | Paladin Energy | 17.17% | 0.76% | 1.14% |
| BOE | Boss Energy | 16.31% | 2.23% | 1.24% |
| PLS | Pilbara Minerals | 15.99% | 1.54% | 2.76% |
| LTR | Liontown Resources | 13.07% | 1.40% | 0.48% |
| MIN | Mineral Resources | 12.98% | -0.54% | -0.86% |
| IEL | Idp Education | 11.71% | -0.54% | 0.23% |
| LIC | Lifestyle Communities | 11.69% | -0.21% | 1.65% |
| SLX | Silex Systems | 11.21% | -0.02% | 0.00% |
| PNV | Polynovo | 11.04% | 0.29% | 0.37% |
| CTD | Corporate Travel Management | 10.09% | -0.05% | 0.56% |
Highlights:
- A notable increase in short interest among lithium and uranium stocks was seen, coinciding with fluctuating lithium carbonate prices.
Rising Short Interest
The following stocks have experienced the largest increases in short interest:
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| BOE | Boss Energy | 16.31% | 2.23% | 1.24% |
| PLS | Pilbara Minerals | 15.99% | 1.54% | 2.76% |
| LTR | Liontown Resources | 13.07% | 1.40% | 0.48% |
| ALK | Alkane Resources | 3.95% | 1.36% | 1.82% |
| ELD | Elders | 4.56% | 1.21% | 1.68% |
| ARU | Arafura Rare Earths | 2.95% | 0.92% | 0.78% |
| APX | Appen | 4.32% | 0.84% | 1.19% |
| PDN | Paladin Energy | 17.17% | 0.76% | 1.14% |
| EMR | Emerald Resources | 2.71% | 0.69% | 1.20% |
| BAP | Bapcor | 1.93% | 0.68% | 0.25% |
| KAR | Karoon Energy | 7.10% | 0.53% | 0.55% |
Insights:
- Boss Energy faced heightened short-selling pressure following a dramatic decline after revealing significant operational challenges.
- Pilbara Minerals, despite displaying strong production figures, became a focal point for short sellers aiming to hedge against the volatile lithium market.
Most Covered Stocks
The following companies have seen a significant reduction in short occupations:
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| IMU | Imugene | 2.65% | -2.43% | -2.56% |
| INR | Ioneer | 1.47% | -1.27% | -1.06% |
| SPR | Spartan Resources | 0.13% | -1.12% | -2.95% |
| CHN | Chalice Mining | 3.87% | -0.85% | -1.82% |
| RMS | Ramelius Resources | 6.26% | -0.79% | -0.08% |
| NEU | Neuren Pharmaceuticals | 4.81% | -0.71% | -0.69% |
| PXA | Pexa Group | 1.48% | -0.71% | -1.16% |
| A2M | A2 Milk | 2.59% | -0.70% | -0.11% |
| JLG | Johns Lyng Group | 3.97% | -0.67% | -2.21% |
| WHC | Whitehaven Coal | 5.06% | -0.56% | -1.18% |
| IEL | Idp Education | 11.71% | -0.54% | 0.23% |
| MIN | Mineral Resources | 12.98% | -0.54% | -0.86% |
| IPX | Iperionx | 5.89% | -0.51% | -0.87% |
Key Findings:
- Imugene is witnessing a sell-off, marked by a steep decline this year as profit-taking takes precedence.
- Ramelius Resources has seen some covering activities due to a steady performance during the last quarter, exceeding cost expectations.
- Pexa Group marked a significant uptick in shares following a major deal with NatWest, indicating robust growth potential.
This overview provides a concise yet detailed understanding of the latest trends in short selling within the ASX market, highlighting the key companies that are currently under the radar of investors and traders alike.
