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 Short Interest 1 Month % Change Market Cap
MYR MYER HOLDINGS LTD 0.2 106.23M -5.48 168.36M
NCZ NEW CENTURY RESOURCES LTD 0.17 60.92M 11.8 171.25M
CVN CARNARVON PETROLEUM LTD 0.19 57.52M 3.47 305.05M
INR IONEER LTD 0.14 55.27M -0.01 235.23M
SXY SENEX ENERGY LTD 0.21 46.38M -23.51 320.72M
PDN PALADIN ENERGY LTD 0.09 41.89M 20.87 186.57M
CLQ CLEAN TEQ HOLDINGS LTD 0.14 37.22M -1.45 108.24M
AMA AMA GROUP LTD 0.57 32.93M -10.6 433.00M
GXY GALAXY RESOURCES LTD 0.76 31.12M -36.98 323.49M
SWM SEVEN WEST MEDIA LTD 0.09 25.87M -31.33 138.42M
MLX METALS X LTD 0.08 25.06M -15.41 74.40M
BUD BUDDY TECHNOLOGIES LTD 0.01 24.80M -1.94 33.66M
ALG ARDENT LEISURE GROUP LTD 0.35 21.42M 37.11 182.29M
STX STRIKE ENERGY LTD 0.22 19.70M 9.31 375.37M
IPD IMPEDIMED LTD 0.06 19.35M -3.07 65.11M
KAR KAROON ENERGY LTD 0.58 17.41M -10.4 323.50M
EWC ENERGY WORLD CORP LTD 0.06 16.49M -2.6 113.12M
SYR SYRAH RESOURCES LTD 0.28 15.90M -22.22 120.31M
SPL STARPHARMA HOLDINGS LTD 1.17 15.73M 0.33 434.04M
FXL FLEXIGROUP LTD 1.13 15.04M 12.93 471.30M
FAR FAR LTD 0.01 14.46M -62.62 109.77M
SLC SUPERLOOP LTD 0.99 12.89M -11.55 365.87M
HAS HASTINGS TECHNOLOGY METALS L 0.12 12.57M 29.19 124.13M
PET PHOSLOCK ENVIRONMENTAL TECHN 0.29 11.19M 7.6 184.38M
HT1 HT&E LTD 1.14 11.15M -4.19 320.42M
FBR FBR LTD 0.04 7.37M 3.43 64.73M
EHE ESTIA HEALTH LTD 1.5 7.26M -33.33 398.44M
MRM MMA OFFSHORE LTD 0.07 6.17M -5.94 64.80M
NVA NOVA MINERALS LTD 0.05 5.68M 11.74 54.79M
REG REGIS HEALTHCARE LTD 1.36 5.23M -8.93 424.06M
JHC JAPARA HEALTHCARE LTD 0.47 4.73M 1.31 130.95M
DCG DECMIL GROUP LTD 0.06 4.70M 29404282 76.18M
CE1 CALIMA ENERGY LTD 0.004 4.53M 0 8.62M
EHL EMECO HOLDINGS LTD 0.96 4.42M -19.86 374.08M
ECX ECLIPX GROUP LTD 1.3 4.18M -54.1 431.51M
IMU IMUGENE LTD 0.03 3.80M 141.96 141.63M
BRN BRAINCHIP HOLDINGS LTD 0.09 3.69M 36.98 125.38M
AMI AURELIA METALS LTD 0.5 3.69M -39.41 428.25M
ZNO ZOONO GROUP LTD 2.77 3.02M -29.91 453.21M
RXL ROX RESOURCES LTD 0.09 3.00M 7449.83 173.05M
AJM ALTURA MINING LTD 0.06 2.88M -5.74 176.19M
EVS ENVIROSUITE LTD 0.14 2.85M 54.29 143.46M
IGL IVE GROUP LTD 0.76 2.80M 84.48 120.79M
BOE BOSS RESOURCES LTD 0.06 2.50M 0.02 88.89M
RDC REDCAPE HOTEL GROUP 0.77 2.50M 10.55 436.23M
LVT LIVETILES LTD 0.26 2.46M 1.01 234.58M
PNR PANTORO LTD 0.28 2.31M 15.93 311.63M
MNY MONEY3 CORP LTD 1.61 2.30M 12.9 297.38M
ADI APN INDUSTRIA REIT 2.38 2.16M -0.4 495.87M
CLA CELSIUS RESOURCES LTD 0.01 2.14M -10.99 9.36M
VHT VOLPARA HEALTH TECHNOLOGIES 1.32 2.12M 66.42 329.05M
ARU ARAFURA RESOURCES LTD 0.06 2.01M -44.57 71.24M
WGO WARREGO ENERGY LTD 0.17 2.00M 26.84 140.70M
DCN DACIAN GOLD LTD 0.45 1.82M -57 244.76M
ISU ISELECT LTD 0.2 1.79M -0.22 45.07M
MOC MORTGAGE CHOICE LTD 0.68 1.55M 4.34 84.37M
RIC RIDLEY CORP LTD 0.7 1.55M -9.4 215.85M
BWX BWX LTD 3.62 1.54M -26.82 449.78M
MHJ MICHAEL HILL INTERNATIONAL L 0.33 1.43M 11.82 127.97M
BET BETMAKERS TECHNOLOGY GROUP L 0.44 1.39M 21590.4 250.16M
RED RED 5 LTD 0.21 1.37M 561.19 401.56M
LNU LINIUS TECHNOLOGIES LTD 0.01 1.31M 0 16.38M
PAN PANORAMIC RESOURCES LTD 0.08 1.29M 439.49 166.12M
OCC ORTHOCELL LTD 0.31 1.25M -0.01 61.87M
BLX BEACON LIGHTING GROUP LTD 1.08 1.22M -19.29 239.26M
RAP RESAPP HEALTH LTD 0.19 1.21M -1.38 136.00M
MEB MEDIBIO LTD 0.01 1.19M -25.03 6.57M
MYL MYANMAR METALS LTD 0.06 1.17M 0 99.04M
AMS ATOMOS LTD 0.45 1.08M 154.09 100.13M
WGN WAGNERS HOLDING CO LTD 1.03 1.06M 18.95 193.75M
PPS PRAEMIUM LTD 0.36 1.02M -2.66 145.08M

 

The list was once again led by retailer Myer (ASX:MYR) was again the most shorted with over $108m against it.

The next few stocks included included New Century Resources (ASX:NCZ)Ioneer (ASX:INR) and Carnarvon Petroleum (ASX:CVN).

As for stocks that saw big rises in short interest in recent days, one was under siege gold producer Red 5 (ASX:RED)Last week the company plunged after revealing its production metrics for the Darlot Mining Hub.

It anticipates production between 90,000 and 98,000oz of gold at an average all-in sustaining cost of between $1,830 and $2,030 per ounce.

Near 10-bagger betting play BetMakers (ASX:BET) is another new target. After falling from 39 cents to 9 cents in March but then rising above 40 cents this month, it now has $1.39 million in short interest against it.

The company undertook a $35 million capital raising earlier this month and plans further expansion into the US market.

Biotech Imugene (ASX:IMU) is another with $3.8 million, an amount that has more than doubled in the last month.

It specialises in immunotherapy rising cancer treatment that seeks to harness the body’s immune system against cancer tumours and is undertaking a Phase II clinical trial for its HER-Vaxx drug.

Theme park operator Ardent Leisure Group (ASX:ALG) is also a shorters target. Travel and leisure stocks as Ardent were heavily hut by COVID-19 but it anticipates re-opening many of its Queensland sites next month.