Short and Caught: The ASX stocks investors are shorting right now
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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.
|Code||Name||Price (I)||Short Interest (Shares)||Market Cap|
|PLS||PILBARA MINERALS LTD||0.22||209.23M||466.98M|
|GXY||GALAXY RESOURCES LTD||0.84||71.75M||331.68M|
|MYR||MYER HOLDINGS LTD||0.14||69.94M||114.98M|
|NCZ||NEW CENTURY RESOURCES LTD||0.09||64.16M||63.15M|
|SXY||SENEX ENERGY LTD||0.17||57.56M||233.11M|
|CVN||CARNARVON PETROLEUM LTD||0.15||54.61M||234.66M|
|CLQ||CLEAN TEQ HOLDINGS LTD||0.14||39.29M||104.50M|
|PDN||PALADIN ENERGY LTD||0.06||38.38M||111.53M|
|SYR||SYRAH RESOURCES LTD||0.23||37.91M||89.13M|
|JMS||JUPITER MINES LTD||0.22||35.52M||440.77M|
|MLX||METALS X LTD||0.06||35.35M||58.97M|
|BUD||BUDDY TECHNOLOGIES LTD||0.01||33.67M||23.83M|
|SWM||SEVEN WEST MEDIA LTD||0.07||33.37M||106.12M|
|SPX||SPECTRUM METALS LTD||0.12||32.19M||172.86M|
|BGL||BELLEVUE GOLD LTD||0.5||30.23M||325.63M|
|GEM||G8 EDUCATION LTD||1.08||28.72M||496.99M|
|KAR||KAROON ENERGY LTD||0.51||28.53M||284.79M|
|AMA||AMA GROUP LTD||0.32||27.88M||223.11M|
|BUB||BUBS AUSTRALIA LTD||0.68||24.12M||361.39M|
|GRR||GRANGE RESOURCES LTD||0.19||20.23M||208.32M|
|EWC||ENERGY WORLD CORP LTD||0.05||18.81M||98.76M|
|WAF||WEST AFRICAN RESOURCES LTD||0.42||18.77M||356.96M|
|OEL||OTTO ENERGY LTD||0.005||17.65M||13.46M|
|STX||STRIKE ENERGY LTD||0.12||17.14M||204.75M|
|LNG||LIQUEFIED NATURAL GAS LTD||0.1||14.76M||56.51M|
|SPL||STARPHARMA HOLDINGS LTD||0.83||14.29M||305.50M|
|SXL||SOUTHERN CROSS MEDIA GROUP L||0.17||13.70M||126.89M|
|AJM||ALTURA MINING LTD||0.03||13.53M||88.47M|
|EHE||ESTIA HEALTH LTD||1.29||12.49M||321.36M|
|PET||PHOSLOCK ENVIRONMENTAL TECHN||0.62||11.94M||322.05M|
|AVZ||AVZ MINERALS LTD||0.05||11.94M||113.32M|
|JHC||JAPARA HEALTHCARE LTD||0.5||11.70M||129.61M|
|BOT||BOTANIX PHARMACEUTICALS LTD||0.04||11.39M||32.10M|
|REG||REGIS HEALTHCARE LTD||1.3||10.40M||369.92M|
Syrah’s short interest has nearly halved in the last fortnight, while Galaxy has remained just above 70 million.
Despite Pilbara Minerals signing an offtake agreement in the last fortnight it hinted demand could be tempered due to COVID-19. It managed to export nearly 34,000 tonnes of concentrate but this was at the lower end of its previous guidance.
Myer (ASX:MYR) took out third place, behind Pilbara and Galaxy, after closing all its stores for a month.
Around half a dozen oil stocks remained shorted as prices continue to lag.
Another stock on the list is uranium play Paladin Energy (ASX:PDN). While it has had no news in recent days, the uranium industry has witnessed some interesting developments.
Larger producers such as Cameco have had to suspend operations due to government regulations. Consequently uranium prices, which plunged during the GFC and never recovered, are up 12 per cent in the last month.
The company is currently in a suspension pending an update to shareholders on just how COVID-19 has hit it.