Short & Caught is Stockhead’s fortnightly recap of which ASX small cap stocks are heavily shorted. Stocks that are shorted have investors betting 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 (Vol. of shares) Short Interest 1 Month Chg % Market Cap
SDV SCIDEV LTD 0.66 1.00M 1298697.38 101.42M
WZR WISR LTD 0.22 2.10M 3360.04 240.77M
TTM TITAN MINERALS LTD 0.17 2.48M 1807.64 174.00M
ATS AUSTRALIS OIL & GAS LTD 0.03 3.35M 574.77 27.61M
TUA TUAS LTD 0.67 4.76M 240.14 310.82M
MME MONEYME LTD 1.05 1.61M 189.33 176.22M
DCN DACIAN GOLD LTD 0.37 7.32M 142.14 205.84M
OPY OPENPAY GROUP LTD 3.69 1.59M 114.04 393.72M
CBR CARBON REVOLUTION LTD 1.55 1.20M 102.01 224.67M
SVY STAVELY MINERALS LTD 0.6 1.18M 67.34 145.59M
RVR RED RIVER RESOURCES LTD 0.14 2.47M 59.5 72.27M
DCG DECMIL GROUP LTD 0.06 13.81M 50.85 72.81M
WPP WPP AUNZ LTD 0.32 1.78M 48.9 272.69M
PET PHOSLOCK ENVIRONMENTAL TECHN 0.2 15.20M 41.04 121.88M
AD8 AUDINATE GROUP LTD 5.17 1.11M 35.39 380.09M
LVT LIVETILES LTD 0.25 3.08M 33.79 216.53M
VHT VOLPARA HEALTH TECHNOLOGIES 1.32 3.00M 29.44 329.05M
PPS PRAEMIUM LTD 0.42 1.19M 26.93 175.73M
AMS ATOMOS LTD 0.43 1.65M 23.7 91.50M
OML OOH!MEDIA LTD 0.81 10.95M 22.87 482.31M
KAR KAROON ENERGY LTD 0.75 21.14M 15.88 409.44M
FXL FLEXIGROUP LTD 1.24 33.21M 13.13 483.13M
JHC JAPARA HEALTHCARE LTD 0.49 4.91M 12.43 128.28M
NVA NOVA MINERALS LTD 0.05 6.87M 12.17 61.33M
REG REGIS HEALTHCARE LTD 1.33 5.32M 11.82 400.00M
EVS ENVIROSUITE LTD 0.15 3.34M 11.76 153.70M
BOE BOSS RESOURCES LTD 0.06 3.44M 9.06 103.18M
AMA AMA GROUP LTD 0.55 39.47M 8.84 396.31M
RIC RIDLEY CORP LTD 0.74 1.90M 8.4 236.49M
IGL IVE GROUP LTD 0.77 3.11M 6.95 112.64M
ALG ARDENT LEISURE GROUP LTD 0.41 30.10M 6.05 194.28M
SWM SEVEN WEST MEDIA LTD 0.1 31.05M 5.66 153.80M
ADI APN INDUSTRIA REIT 2.49 2.27M 3.47 489.86M
RDC REDCAPE HOTEL GROUP 0.68 2.58M 3.33 369.97M
MNY MONEY3 CORP LTD 1.84 2.70M 1.38 343.70M
CVN CARNARVON PETROLEUM LTD 0.19 57.85M 0.81 289.41M
MOC MORTGAGE CHOICE LTD 0.72 1.57M 0.79 90.00M
ISU ISELECT LTD 0.28 1.81M 0.73 59.36M
FBR FBR LTD 0.07 7.12M 0.49 111.47M
EWC ENERGY WORLD CORP LTD 0.06 16.49M 0 111.33M
MRM MMA OFFSHORE LTD 0.05 6.17M 0 48.14M
CE1 CALIMA ENERGY LTD 0 4.53M 0 10.84M
WGO WARREGO ENERGY LTD 0.19 2.00M 0 145.53M
LNU LINIUS TECHNOLOGIES LTD 0.02 1.31M 0 22.28M
MYL MYANMAR METALS LTD 0.09 1.17M 0 159.17M
SYR SYRAH RESOURCES LTD 0.4 15.16M -0.37 163.87M
STX STRIKE ENERGY LTD 0.22 20.11M -0.49 378.49M
PDN PALADIN ENERGY LTD 0.15 45.32M -1.68 304.18M
HAS HASTINGS TECHNOLOGY METALS L 0.13 12.04M -1.79 129.30M
CLQ CLEAN TEQ HOLDINGS LTD 0.17 36.43M -1.86 126.90M
EHL EMECO HOLDINGS LTD 1 10.75M -1.91 366.71M
SXY SENEX ENERGY LTD 0.27 48.45M -1.92 393.69M
RAP RESAPP HEALTH LTD 0.14 1.21M -2.38 109.49M
INR IONEER LTD 0.11 53.82M -2.55 201.83M
MYR MYER HOLDINGS LTD 0.2 99.19M -3.03 164.26M
OCC ORTHOCELL LTD 0.34 1.23M -3.73 62.83M
MLX METALS X LTD 0.08 22.11M -8.88 75.30M
SPL STARPHARMA HOLDINGS LTD 1.12 13.92M -9.68 404.23M
HT1 HT&E LTD 1.21 8.96M -10.47 331.61M
VRT VIRTUS HEALTH LTD 2.89 1.08M -11.36 232.33M
SLC SUPERLOOP LTD 1.1 10.81M -11.45 395.14M
MHJ MICHAEL HILL INTERNATIONAL L 0.31 1.33M -13.49 122.15M
BUD BUDDY TECHNOLOGIES LTD 0.04 18.16M -15.69 93.44M
ZNO ZOONO GROUP LTD 2.39 2.26M -15.93 391.03M
NCZ NEW CENTURY RESOURCES LTD 0.21 36.70M -23.3 210.40M
BET BETMAKERS TECHNOLOGY GROUP L 0.44 1.43M -24.49 242.05M
IPD IMPEDIMED LTD 0.08 13.71M -26.58 81.76M
SXL SOUTHERN CROSS MEDIA GROUP L 0.16 124.32M -31.52 409.53M
EHE ESTIA HEALTH LTD 1.44 4.24M -31.96 373.65M
AIS AERIS RESOURCES LTD 0.06 3.04M -34.33 112.40M
ECX ECLIPX GROUP LTD 1.41 7.14M -34.45 457.08M
AJM ALTURA MINING LTD 0.07 1.20M -38.07 209.04M
CLA CELSIUS RESOURCES LTD 0.02 1.23M -40.88 16.38M
FAR FAR LTD 0.01 10.22M -50.17 119.75M
AMI AURELIA METALS LTD 0.56 3.43M -53.01 493.80M

 

The heavily shorted stocks

Shares in lending fintech Wisr (ASX:WZR) slid over 75 per cent in just six weeks when COVID-19 first broke out, but have been well on the way up since then.

At the end of last month, the company told shareholders it had seen solid growth in lending despite COVID-19 and subsequently adopting a tighter credit policy. But how Victoria’s second wave will affect ASX small caps remains to be seen.

Other tech stocks which have attracted shorters’ attention in recent weeks include buy now, pay later stock Openpay (ASX:OPY) and fellow fintech lender MoneyMe (ASX:MME)

Again, both stocks have told shareholders in recent weeks they have performed well despite COVID-19.

Singapore-focused telco Tuas (ASX:TUA) is another heavily shorted stock. The company was spun out of TPG just prior to its merger with Vodafone.

Despite gold hitting $US2,000 ($2793) per ounce last week and almost all stocks seeing gains in 2020, a handful of stocks saw increased short interest volumes.

One is Titan Minerals (ASX:TTM), which is one of the few explorers with exposure to Ecuador, and another is producer Dacian Gold (ASX:DCN)

The latter has been one of the few disappointments in the gold sector in 2020, falling 75 per cent. Dacian has taken a hit over production downgrades and a heavily discounted capital raising.