Short & Caught is Stockhead’s fortnightly recap of which ASX small cap stocks are being 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.

Stockhead observes the volume of short interest in the number of shares and the extent to which it has moved in the last month.

Code Name Price Short Interest (Vol. shares) Short Interest 1 Month % Change Market Cap
G1A GALENA MINING LTD 0.24 1.60M 5245.83 110.49M
NTU NORTHERN MINERALS LTD 0.04 1.94M 2730.3 145.90M
EWC ENERGY WORLD CORP LTD 0.06 16.50M 2687.74 109.53M
SVL SILVER MINES LTD 0.23 7.14M 1483.67 260.25M
PCK PAINCHEK LTD 0.1 1.77M 1438.74 112.68M
GMV G MEDICAL INNOVATION HOLDING 0.04 1.08M 729.35 34.39M
TTM TITAN MINERALS LTD 0.14 3.37M 528.59 143.29M
ATS AUSTRALIS OIL & GAS LTD 0.03 2.06M 235.08 28.59M
RVR RED RIVER RESOURCES LTD 0.15 4.39M 181.05 74.85M
BLG BLUGLASS LTD 0.09 1.22M 125.38 87.26M
SVY STAVELY MINERALS LTD 0.63 1.76M 110.34 152.09M
PPS PRAEMIUM LTD 0.54 1.55M 96.9 222.73M
OPY OPENPAY GROUP LTD 4.01 1.63M 80.28 405.58M
BTH BIGTINCAN HOLDINGS LTD 0.87 1.32M 63.41 324.23M
NVA NOVA MINERALS LTD 0.05 9.68M 51.17 62.63M
LVT LIVETILES LTD 0.23 2.60M 44.68 207.51M
AIS AERIS RESOURCES LTD 0.06 3.03M 42.32 104.34M
PDN PALADIN ENERGY LTD 0.17 45.91M 37.01 354.88M
AMI AURELIA METALS LTD 0.55 6.30M 32.77 485.06M
SGF SG FLEET GROUP LTD 1.74 1.07M 27.15 448.29M
MME MONEYME LTD 1.32 1.92M 26.76 220.27M
WPP WPP AUNZ LTD 0.34 1.63M 24.33 276.95M
SYR SYRAH RESOURCES LTD 0.41 16.65M 22.48 168.02M
AMS ATOMOS LTD 0.5 1.82M 16.59 108.93M
KAR KAROON ENERGY LTD 0.81 22.58M 15.26 448.31M
VHT VOLPARA HEALTH TECHNOLOGIES 1.37 2.90M 11.76 341.66M
NCZ NEW CENTURY RESOURCES LTD 0.19 38.39M 11.27 181.04M
SDV SCIDEV LTD 0.81 1.00M 10.37 124.82M
AMA AMA GROUP LTD 0.63 36.37M 9.76 466.03M
IGL IVE GROUP LTD 0.67 3.42M 9.31 94.85M
OCC ORTHOCELL LTD 0.44 1.41M 9.28 82.23M
IMU IMUGENE LTD 0.06 1.46M 6.92 255.52M
RAP RESAPP HEALTH LTD 0.14 1.25M 4.47 98.17M
RIC RIDLEY CORP LTD 0.7 1.91M 3.81 222.20M
RDC REDCAPE HOTEL GROUP 0.83 2.64M 2.79 458.32M
CLQ CLEAN TEQ HOLDINGS LTD 0.14 37.07M 2.69 115.70M
VRT VIRTUS HEALTH LTD 3.36 1.08M 2.69 273.33M
ADI APN INDUSTRIA REIT 2.45 2.26M 1.91 483.94M
PET PHOSLOCK ENVIRONMENTAL TECHN 0.33 10.44M 0.17 218.75M
MRM MMA OFFSHORE LTD 0.05 6.17M 0 44.44M
LNU LINIUS TECHNOLOGIES LTD 0.03 1.31M 0 34.07M
CE1 CALIMA ENERGY LTD 0.01 4.53M 0 17.34M
DCN DACIAN GOLD LTD 0.34 7.33M -0.26 189.15M
BOE BOSS RESOURCES LTD 0.08 3.14M -0.28 131.89M
SWM SEVEN WEST MEDIA LTD 0.15 30.04M -0.29 230.71M
JHC JAPARA HEALTHCARE LTD 0.49 4.57M -0.37 128.28M
FBR FBR LTD 0.06 7.13M -0.42 122.26M
HT1 HT&E LTD 1.42 8.91M -0.89 401.58M
CVN CARNARVON PETROLEUM LTD 0.2 56.87M -1.19 312.88M
MYR MYER HOLDINGS LTD 0.22 97.62M -1.38 172.47M
MOC MORTGAGE CHOICE LTD 0.7 1.55M -2.17 88.75M
CBR CARBON REVOLUTION LTD 1.62 1.17M -2.79 227.58M
DCG DECMIL GROUP LTD 0.05 11.81M -3.1 67.75M
EVS ENVIROSUITE LTD 0.16 3.21M -3.75 163.95M
INR IONEER LTD 0.1 52.99M -4.41 176.60M
ISU ISELECT LTD 0.28 1.71M -4.66 60.46M
STX STRIKE ENERGY LTD 0.22 20.13M -5.61 395.69M
MYL MYANMAR METALS LTD 0.1 1.10M -5.85 185.70M
SLC SUPERLOOP LTD 1.13 10.36M -6.16 446.36M
AD8 AUDINATE GROUP LTD 5.47 1.09M -7.08 403.85M
MLX METALS X LTD 0.08 21.74M -7.18 75.30M
SPL STARPHARMA HOLDINGS LTD 1.05 13.85M -7.75 396.78M
SXY SENEX ENERGY LTD 0.27 46.99M -7.86 400.98M
GXY GALAXY RESOURCES LTD 1.14 29.62M -9.32 468.85M
REG REGIS HEALTHCARE LTD 1.36 4.91M -9.36 413.53M
FXL FLEXIGROUP LTD 1.25 26.15M -12.13 487.07M
EHL EMECO HOLDINGS LTD 1.03 9.03M -12.22 381.45M
SXL SOUTHERN CROSS MEDIA GROUP L 0.17 123.43M -16 449.16M
ALG ARDENT LEISURE GROUP LTD 0.44 24.97M -16.48 211.07M
MHJ MICHAEL HILL INTERNATIONAL L 0.31 1.19M -17.39 124.11M
MNY MONEY3 CORP LTD 2.16 2.37M -17.7 405.77M
BET BETMAKERS TECHNOLOGY GROUP L 0.47 1.86M -24.65 256.29M
ZNO ZOONO GROUP LTD 2.4 2.76M -25.27 418.85M
AJM ALTURA MINING LTD 0.07 1.20M -29.39 209.04M
TUA TUAS LTD 0.58 1.90M -29.7 264.43M
IPD IMPEDIMED LTD 0.08 13.78M -31.65 78.65M
FAR FAR LTD 0.01 13.60M -37.31 119.75M
HAS HASTINGS TECHNOLOGY METALS L 0.16 7.47M -38.91 165.51M
BUD BUDDY TECHNOLOGIES LTD 0.05 13.81M -40.24 111.61M
EHE ESTIA HEALTH LTD 1.56 2.85M -42.35 410.23M
ECX ECLIPX GROUP LTD 1.49 4.44M -60.91 471.46M
DXN DXN LTD 0.02 1.01M 0 26.39M
ASM AUSTRALIAN STRATEGIC MATERIA 2.21 1.28M 0 227.98M
OSP OSPREY MEDICAL INC-CDI 0.03 14.38M 0 47.96M

 

Silver stocks become targets

In recent weeks, silver has enjoyed a stellar run but that hasn’t stopped a couple of stocks with exposure to silver towards the top of the list.

One is pure play Silver Mines (ASX:SVL). Its New South Wales project is one of the world’s largest silver deposits and shares have doubled in the last month.

Another is Galena Mining (ASX:G1A) which holds the lead-silver Abra project in Western Australia’s Gascoyne region. It has a resource estimate of 37.4 million tonnes including 18g/t silver as well as 7.5 per cent lead.

Other shorted resources stocks included Namibian focused uranium play Paladin Energy (ASX:PDN) and Victorian focused copper play Stavely Minerals (ASX:SVY).

 

Health stocks shorted

After several months of speculation it was moving to another exchange G Medical (ASX:GMV) finally announced earlier this month it wanted to list on the NASDAQ.

Its move will involve delisting from the ASX, where the stock has underperformed since it announced the plans. Indeed, the volume of shares shorted is up 729 per cent.

Another stock which saw an increase in the volume of short interest is PainChek (ASX:PCK) which in 2020 has never managed to reach the heights of last year.

This is despite most other tele-health stocks gaining from COVID-19, as lockdown restrictions left patients with little other choice but to move their appointments online.

One stock on the fringe of telehealth is buy now pay later (BNPL) company Openpay (ASX:OPY).

A few weeks ago Openpay signed a deal with telehealth pureplay 1st Group (ASX:1ST) to help the latter’s patients pay for their services.

Openpay too has seen a rise in short interest volumes – by 80 per cent in the last month.