Short and Caught: The ASX stocks investors are shorting right now
News
Short & Caught is Stockhead’s fortnightly recap of which ASX small cap stocks are heavily shorted. Stocks that are shorted have investors betting that they fall.
Shorting works by selling stocks you do not actually own in the hope of buying them back at a lower price.
Because shorting is restricted under Australian law, any substantial shorting of stocks is worth knowing about even if you own these stocks and only trade long.
Stockhead’s two preferred metrics are raw short interest as well as percentage changes in them within the last month.
Graphite miner Syrah Resources (ASX:SYR) and lithium miner Galaxy Resources (ASX:GXY) swapped places as the first and second most shorted ASX small caps.
There was movement immediately below these stocks. Most notably, Carnarvon Petroleum (ASX:CVN) is now in 4th spot with nearly 54 million share shorted.
Robot home builder FBR (ASX:FBR) has now been shorted to the tune of 11.7 million shares – more than double a month ago after its latest capital raise.
Other beaten up stocks that continued to be shorted were Botanix Pharmaceuticals (ASX:BOT), which has not recovered from a poor clinical trial on its anti-acne cream, and satellite builder Speedcast (ASX:SDA).
Prior to its revenue downgrades, Speedcast was an ASX200 company.
Code | Name | Price (I) | Short Interest (Shares) | Short Interest 1 Month Chg Pct | Market Cap |
---|---|---|---|---|---|
GXY | GALAXY RESOURCES LTD | 0.91 | 70.97M | 7.66 | 386.96M |
SYR | SYRAH RESOURCES LTD | 0.45 | 65.43M | -5.79 | 194.34M |
MYR | MYER HOLDINGS LTD | 0.49 | 58.03M | -0.31 | 398.32M |
CVN | CARNARVON PETROLEUM LTD | 0.31 | 53.85M | 6.05 | 484.96M |
NCZ | NEW CENTURY RESOURCES LTD | 0.28 | 52.36M | 15.93 | 178.60M |
INR | IONEER LTD | 0.19 | 51.09M | 9.64 | 318.94M |
FAR | FAR LTD | 0.04 | 46.78M | 6.84 | 270.06M |
CLQ | CLEAN TEQ HOLDINGS LTD | 0.2 | 40.77M | -3.17 | 153.02M |
MLX | METALS X LTD | 0.1 | 35.54M | -14.22 | 95.26M |
JMS | JUPITER MINES LTD | 0.26 | 32.66M | -1.47 | 489.75M |
SDA | SPEEDCAST INTERNATIONAL LTD | 0.77 | 32.59M | 8.52 | 181.00M |
AJM | ALTURA MINING LTD | 0.05 | 28.90M | 2.72 | 136.29M |
MRM | MMA OFFSHORE LTD | 0.17 | 28.28M | -0.02 | 157.37M |
LNG | LIQUEFIED NATURAL GAS LTD | 0.21 | 27.45M | -7.4 | 121.09M |
WAF | WEST AFRICAN RESOURCES LTD | 0.39 | 23.03M | 35.23 | 330.78M |
GRR | GRANGE RESOURCES LTD | 0.24 | 22.88M | -7.07 | 277.76M |
EWC | ENERGY WORLD CORP LTD | 0.08 | 18.35M | 2.8 | 132.88M |
BGL | BELLEVUE GOLD LTD | 0.51 | 17.66M | 38.8 | 293.51M |
BOT | BOTANIX PHARMACEUTICALS LTD | 0.09 | 16.27M | 13.63 | 92.41M |
DCN | DACIAN GOLD LTD | 1.47 | 14.62M | -11.37 | 328.00M |
SPL | STARPHARMA HOLDINGS LTD | 1.32 | 13.58M | 18.07 | 474.92M |
HT1 | HT&E LTD | 1.62 | 13.18M | -0.39 | 456.86M |
SLC | SUPERLOOP LTD | 0.94 | 13.17M | 9.68 | 347.57M |
BUD | BUDDY TECHNOLOGIES LTD | 0.03 | 11.95M | 121.26 | 66.65M |
FBR | FBR LTD | 0.05 | 11.72M | 103.06 | 74.57M |
PET | PHOSLOCK ENVIRONMENTAL TECHN | 0.87 | 7.84M | -6.51 | 485.89M |
CLH | COLLECTION HOUSE LTD | 1.06 | 7.74M | -28.83 | 148.34M |
LVT | LIVETILES LTD | 0.28 | 7.27M | 18.39 | 240.92M |
PDN | PALADIN ENERGY LTD | 0.09 | 7.14M | 6.36 | 182.51M |
IPD | IMPEDIMED LTD | 0.19 | 7.11M | 1.47 | 94.30M |
AMI | AURELIA METALS LTD | 0.41 | 6.72M | 34.16 | 362.47M |
MSV | MITCHELL SERVICES LTD | 0.06 | 6.70M | 39.73 | 115.56M |
OEL | OTTO ENERGY LTD | 0.04 | 6.60M | 347.94 | 83.66M |
PNL | PARINGA RESOURCES LTD | 0.04 | 6.00M | 5405305.5 | 27.21M |
CGB | CANN GLOBAL LTD | 0.01 | 5.94M | 59.68 | 48.01M |
NVA | NOVA MINERALS LTD | 0.04 | 5.89M | -21.89 | 34.49M |
JHC | JAPARA HEALTHCARE LTD | 1.03 | 5.33M | 24.28 | 273.93M |
While the number of stocks with over 6 million shorted shares have grown slowly over time, the short interest against Paringa Resources (ASX:PNL) shot up 5.4 million per cent in the last month to 6 million.
The Kentucky-focused coal miner has begun sales of its coal, making $US5.7 million in revenue but has needed to raise finance multiple times in recent months.
Child-tracking app Life360 (ASX:360) is another stock with recent shorting pressure. Having lost 43 per cent since its early-May IPO, it is one of the few flops in the IPO market in 2019.
One stock on this list that has done well in 2019 is Stavely Minerals (ASX:SVY). The Victoria-focused copper explorer became a five-bagger off the back of a 40 per cent copper hit. But it is a new target for shorters, having just fallen below $1.
Prospa (ASX:PGL) has also been targeted following a hefty profit downgrade last month.
Code | Name | Price (I) | Short Interest (Shares) | Short Interest 1 Month Chg Pct | Market Cap |
---|---|---|---|---|---|
PNL | PARINGA RESOURCES LTD | 0.04 | 6.00M | 5,405,305.5 | 27.21M |
360 | LIFE360 INC-CDI | 2.83 | 130.00k | 866,566.69 | 417.80M |
RAP | RESAPP HEALTH LTD | 0.25 | 379.00k | 68,684.03 | 174.06M |
PPK | PPK GROUP LTD | 5.2 | 13.58k | 61,618.18 | 428.93M |
SVY | STAVELY MINERALS LTD | 0.98 | 388.09k | 27,268.9 | 214.87M |
SMR | STANMORE COAL LTD | 1.08 | 50.27k | 25,546.94 | 268.90M |
VR8 | VANADIUM RESOURCES LTD | 0.03 | 954.80k | 24,849.05 | 9.73M |
AHF | AUSTRALIAN DAIRY NUTRITIONALS | 0.10 | 740.59k | 9,733.94 | 37.10M |
MGC | MG UNIT TRUST | 0.43 | 221.37k | 7,772.26 | 243.32M |
AGH | ALTHEA GROUP HOLDINGS LTD | 0.37 | 551.94k | 5,178.22 | 83.99M |
HAS | HASTINGS TECHNOLOGY METALS L | 0.14 | 1.00M | 5,049.86 | 135.99M |
PGL | PROSPA GROUP LTD | 1.83 | 204.77k | 4,405.28 | 291.24M |
EEG | EMPIRE ENERGY GROUP LTD | 0.44 | 331.26k | 3,565.6 | 116.84M |
MML | MEDUSA MINING LTD | 0.69 | 34.67k | 2,760.73 | 140.26M |
BET | BETMAKERS TECHNOLOGY GROUP L | 0.14 | 128.70k | 1,939.59 | 63.92M |
COI | COMET RIDGE LTD | 0.18 | 1.11M | 1,457.81 | 136.59M |
GSW | GETSWIFT LTD | 0.46 | 752.13k | 856.6 | 81.08M |
PAN | PANORAMIC RESOURCES LTD | 0.34 | 589.86k | 781.28 | 215.90M |
SZL | SEZZLE INC-CDI | 2.24 | 68.41k | 664.47 | 445.13M |
AGY | ARGOSY MINERALS LTD | 0.08 | 2.00M | 487.44 | 82.42M |
ISD | ISENTIA GROUP LTD | 0.26 | 3.20k | 459.09 | 52.00M |
OEL | OTTO ENERGY LTD | 0.04 | 6.60M | 347.94 | 83.66M |
CDV | CARDINAL RESOURCES LTD | 0.29 | 20.95k | 337.46 | 145.74M |
AC8 | AUSCANN GROUP HOLDINGS LTD | 0.19 | 119.13k | 302.5 | 58.65M |
RED | RED 5 LTD | 0.28 | 755.10k | 268.16 | 342.40M |
AVZ | AVZ MINERALS LTD | 0.05 | 4.57M | 267.44 | 103.69M |
CLV | CLOVER CORP LTD | 2.43 | 3.73k | 266.47 | 415.78M |
VVA | VIVA LEISURE LTD | 3.02 | 65.87k | 254.49 | 181.64M |
TBR | TRIBUNE RESOURCES LTD | 5.93 | 1.69k | 226.83 | 332.46M |
TLG | TALGA RESOURCES LTD | 0.44 | 73.05k | 219.53 | 108.42M |