Short Selling

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ASX Short Sale Positions

Daily update on all companies

Background

The goal of this page is to better inform ASX investors of short selling in the market.

Although short position data does not provide tradable signals, a large increase or decrease in a company’s short positions can be an early indicator of changing investor sentiment. It can also be used to uncover what the “professional money” is doing.

To see how short selling allows investors to profit from a falling market, read the "What is Short Selling?" tutorial under the table.



Short Sale Data

Short sale data shows the amount of shares on issue currently reported as short sold.

The data is four trading days behind today's date as reporting isn’t mandatory until 9am (Sydney) three business days (T+3) post trade.

Since June 2010 the Australian Securities and Investments Commission (ASIC) has required all stockbrokers to report their total short sale positions daily. This information is released four business days (T+4) after the trade on ASIC’s website.

The Australian Securities Exchange (ASX) publishes a list of short sale transactions reported on the most recent trading day.

Open ASX Short Positions

Data: 19 May 2017

Code Company Short Week Mvt Days to Cover
1 ORE Orocobre Limited 22.32% -0.64% 40.0
2 SYR Syrah Resources Limited 18.21% +0.83% 38.3
3 WSA Western Areas Limited 18.15% -0.05% 24.6
4 VOC Vocus Group Limited 16.23% +0.33% 14.6
5 ACX Aconex Limited 14.01% +0.21% 48.6
6 MYR Myer Holdings Limited 13.63% +0.41% 17.5
7 MYX Mayne Pharma Group Limited 13.11% +0.55% 37.3
8 IGO Independence Group NL 13.1% +0.85% 18.8
9 BAL Bellamy's Australia Limited 12.36% +0.72% 10.2
10 AAD Ardent Leisure Group Stapled 12.21% +2.15% 27.3
11 ISD Isentia Group Limited 11.66% +0.57% 18.8
12 FLT Flight Centre Travel Group Limited 11.13% +0.68% 31.6
13 DMP Domino's Pizza Enterprises Limited 10.85% -0.14% 49.1
14 MTS Metcash Limited 10.2% +0.52% 29.6
15 HVN Harvey Norman Holdings Limited 9.81% +1.42% 21.2
16 NEC Nine Entertainment Co. Holdings Limited 9.71% -0.65% 45.7
17 JBH JB Hi-fi Limited 9.57% -0.11% 10.7
18 RFG Retail Food Group Limited 9.47% +0.46% 21.2
19 SAR Saracen Mineral Holdings Limited 8.64% +0.49% 10.9
20 JHC Japara Healthcare Limited 8.42% +0.65% 24.8
21 OFX OFX Group Limited 8.32% -0.06% 11.1
22 QIN Quintis LTD 8.22% -0.51% 0.0
23 SHV Select Harvests Limited 8.2% +0.54% 15.4
24 GTY Gateway Lifestyle Group Stapled 7.93% +0.27% 30.9
25 A2M The A2 Milk Company Limited NZ 7.84% +0.40% 28.7
26 PRU Perseus Mining Limited 7.78% -0.28% 9.5
27 BKL Blackmores Limited 7.69% +0.33% 42.5
28 MND Monadelphous Group Limited 7.6% -0.08% 26.1
29 RWC Reliance Worldwide Corporation Limited 7.47% +0.01% 37.2
30 NWS News Corporation. B Voting 7.29% -0.02% 28.2
31 EHE Estia Health Limited 7.27% +0.31% 29.6
32 TPM TPG Telecom Limited 7.24% +0.43% 41.6
33 IPD Impedimed Limited 7.18% +0.21% 24.2
34 CTD Corporate Travel Management Limited 7.15% +0.14% 38.2
35 BDR Beadell Resources Limited 6.95% +0.11% 18.8
36 NXT Nextdc Limited 6.55% -0.28% 8.2
37 SEK Seek Limited 6.44% -0.11% 22.3
38 MYO Myob Group Limited 6.43% +0.08% 34.2
39 IFL Ioof Holdings Limited 6.42% +0.05% 29.0
40 SGH Slater & Gordon Limited 6.34% +0.02% 27.4
41 HSO Healthscope Limited 6.32% -0.15% 12.4
42 CSV CSG Limited 6.24% -0.06% 144.9
43 BEN Bendigo And Adelaide Bank Limited 6.23% +0.16% 19.1
44 BGA Bega Cheese Limited 6.21% +0.25% 44.0
45 MTR Mantra Group Limited 6.19% -0.05% 14.0
46 RIO RIO Tinto Limited 6.12% +0.13% 9.2
47 AWC Alumina Limited 5.89% +0.04% 12.8
48 AAC Australian Agricultural Company Limited 5.82% +0.01% 29.1
49 PLS Pilbara Minerals Limited 5.74% +0.41% 13.4
50 KAR Karoon Gas Australia Limited 5.68% -0.07% 34.6
51 PDN Paladin Energy LTD 5.47% -0.88% 7.5
52 OSH Oil Search Limited 10T 5.42% -0.05% 35.3
53 GXL Greencross Limited 5.4% -0.19% 14.9
54 AWE AWE Limited 5.33% +0.68% 14.4
55 WOR Worleyparsons Limited 5.24% -0.61% 10.4
56 SUL Super Retail Group Limited 5.23% -0.06% 6.1
57 MSB Mesoblast Limited 5.2% +0.05% 24.8
58 SGM Sims Metal Management Limited 5.14% +0.40% 8.1
59 CCP Credit Corp Group Limited 5.12% -0.06% 15.7
60 VRT Virtus Health Limited 5.07% +0.40% 11.5
61 BAP Bapcor Limited 4.98% +0.70% 8.0
62 CQR Charter Hall Retail Reit Unit 4.89% -0.02% 26.6
63 RCG RCG Corporation Limited 4.76% +0.16% 17.1
64 AHG Automotive Holdings Group Limited 4.7% +0.17% 5.5
65 IPH IPH Limited 4.66% -0.09% 19.1
66 GMA Genworth Mortgage Insurance Australia Limited 4.62% +0.04% 16.8
67 PRY Primary Health Care Limited 4.59% +0.04% 14.9
68 QUB Qube Holdings Limited 4.53% +0.27% 26.5
69 SRX Sirtex Medical Limited 4.53% +0.46% 2.1
70 PPT Perpetual Limited 4.52% +0.15% 20.2
71 IVC Invocare Limited 4.47% -0.18% 21.0
72 CSR CSR Limited 4.47% -0.27% 6.5
73 TOX TOX Free Solutions Limited 4.4% +0.90% 14.3
74 GXY Galaxy Resources Limited 4.36% -2.02% 4.8
75 LNG Liquefied Natural Gas Limited 4.29% -0.21% 29.3
76 DCN Dacian Gold Limited 4.18% +0.71% 12.5
77 CAB Cabcharge Australia Limited 4.17% +0.07% 41.0
78 NSR National Storage Reit Stapled 3.95% +0.17% 21.3
79 GOR Gold Road Resources Limited 3.89% -0.12% 13.0
80 ILU Iluka Resources Limited 3.89% -1.24% 4.3
81 RRL Regis Resources Limited 3.73% -0.29% 3.7
82 ECX Eclipx Group Limited 3.71% +1.84% 10.3
83 REG Regis Healthcare Limited 3.7% +0.10% 28.1
84 WGX Westgold Resources Limited 3.61% +0.44% 9.8
85 SDA Speedcast International Limited 3.61% -0.04% 11.4
86 IMF IMF Bentham Limited 3.58% -0.09% 9.8
87 MLX Metals X Limited 3.57% -0.19% 19.0
88 CLH Collection House Limited 3.54% +0.05% 34.8
89 AGI Ainsworth Game Technology Limited 3.53% +0.30% 21.4
90 ANN Ansell Limited 3.48% -0.04% 13.6
91 WOW Woolworths Limited 3.45% +0.03% 23.2
92 TEN TEN Network Holdings Limited 3.43% +0.18% 4.9
93 MRM Mma Offshore Limited 3.39% +0.01% 42.4
94 REA REA Group LTD 3.39% -0.14% 18.9
95 HT1 Ht&e Limited 3.38% +0.76% 7.8
96 ING Inghams Group Limited 3.35% +0.11% 15.5
97 VRL Village Roadshow Limited 3.28% -0.02% 35.4
98 TRS The Reject Shop Limited 3.28% -0.07% 3.6
99 ARB ARB Corporation Limited 3.26% +0.16% 17.1
100 HGG Henderson Group PLC Cdi 1:1 3.26% +0.01% 3.8
101 AHY Asaleo Care Limited 3.25% +0.08% 6.7
102 NVT Navitas Limited 3.16% -0.43% 17.6
103 WHC Whitehaven Coal Limited 2.95% +0.64% 4.8
104 SXY Senex Energy Limited 2.91% +0.12% 32.2
105 PGH Pact Group Holdings LTD 2.89% -0.09% 7.0
106 SLC Superloop Limited 2.87% +0.18% 8.3
107 SCP Shopping Centres Australasia Property Group Stapled 2.81% 0.00% 9.2
108 RSG Resolute Mining Limited 2.78% +0.02% 2.3
109 GWA GWA Group Limited 2.72% +0.02% 12.2
110 SKC Skycity Entertainment Group Limited NZX 2.66% -0.05% 21.3
111 TAH Tabcorp Holdings Limited 2.64% +0.19% 16.1
112 RMS Ramelius Resources Limited 2.62% -0.02% 4.1
113 PTM Platinum Asset Management Limited 2.59% +0.22% 21.8
114 FMG Fortescue Metals Group LTD 2.58% +0.19% 3.7
115 SLR Silver Lake Resources Limited 2.55% -0.02% 4.6
116 STO Santos Limited 2.53% +0.09% 7.9
117 SKI Spark Infrastructure Group Forus 2.42% +0.23% 6.7
118 BWX BWX Limited 2.42% +0.09% 8.9
119 WPL Woodside Petroleum Limited 2.42% +0.04% 8.0
120 TGR Tassal Group Limited 2.36% +0.04% 7.8
121 NST Northern Star Resources LTD 2.36% +0.24% 2.0
122 AMP AMP Limited 2.32% +0.04% 10.2
123 FXL Flexigroup Limited 2.3% +0.08% 4.9
124 PRG Programmed Maintenance Services Limited 2.28% +0.05% 5.0
125 TGA Thorn Group Limited 2.24% -0.11% 10.0
126 APO Apn Outdoor Group Limited 2.16% +0.39% 1.2
127 GEM G8 Education Limited 2.16% +0.36% 2.8
128 WFD Westfield Corporation Stapled 2.15% +0.97% 6.2
129 SYD Sydney Airport Forus 2.14% +0.19% 10.5
130 ASX ASX Limited 2.14% +0.06% 12.8
131 BLA Blue SKY Alternative Investments Limited 2.12% +0.29% 30.0
132 MGR Mirvac Group Stapled 2.11% +0.20% 6.7
133 DLX Duluxgroup Limited 2.1% 0.00% 3.6
134 NTC Netcomm Wireless Limited 2.09% -0.06% 24.8
135 EVN Evolution Mining Limited 2.05% -0.03% 3.1
136 ERA Energy Resources of Australia Limited 'a' 2.02% -0.04% 93.2
137 DRM Doray Minerals Limited 2.01% +0.02% 13.8
138 DOW Downer Edi Limited 1.99% -0.08% 4.4
139 BPT Beach Energy Limited 1.97% -0.08% 7.9
140 SFR Sandfire Resources NL 1.95% +0.06% 3.1
141 LYC Lynas Corporation Limited 1.95% +0.05% 22.9
142 CAR Carsales.com Limited 1.94% -0.07% 6.6
143 IRE Iress Limited 1.92% +0.18% 8.8
144 RHC Ramsay Health Care Limited 1.9% +0.10% 18.8
145 AQG Alacer Gold Corp Cdi 1:1 1.89% +0.02% 6.6
146 SHL Sonic Healthcare Limited 1.87% +0.01% 13.0
147 AMA AMA Group Limited 1.84% +0.07% 38.3
148 MQA Macquarie Atlas Roads Group Stapled 1.82% -0.35% 6.2
149 DXS Dexus Stapled 1.78% -0.05% 7.7
150 ORI Orica Limited 1.77% +0.12% 5.5
151 WBC Westpac Banking Corporation 1.77% +0.95% 8.5
152 ABC Adelaide Brighton Limited 1.74% +0.07% 6.8
153 BXB Brambles Limited 1.74% +0.09% 8.3
154 BOQ Bank of Queensland Limited 1.72% -0.09% 3.7
155 IPL Incitec Pivot Limited 1.71% +0.27% 4.0
156 ARI Arrium Limited 1.7% 0.00% 0.0
157 SIV Silver Chef Limited 1.64% +0.12% 7.4
158 AYS Amaysim Australia Limited 1.62% +0.24% 2.4
159 KCN Kingsgate Consolidated Limited 1.62% 0.00% 9.5
160 SUN Suncorp Group Limited 1.61% +0.06% 8.1
161 SGR The Star Entertainment Group Limited 1.61% -0.23% 6.7
162 BRU Buru Energy Limited 1.61% 0.00% 6.3
163 ERF Elanor Retail Property Fund Stapled 1.58% 0.00% 85.6
164 HFR Highfield Resources Limited 1.58% -0.02% 28.0
165 SPL Starpharma Holdings Limited 1.56% +0.04% 22.7
166 CCL Coca-cola Amatil Limited 1.54% -0.02% 4.4
167 TRY Troy Resources Limited 1.51% -0.02% 2.5
168 OML Ooh!media Limited 1.5% +0.96% 3.1
169 SVW Seven Group Holdings Limited 1.48% -0.07% 18.9
170 FXJ Fairfax Media Limited 1.48% -0.57% 1.6
171 AST Ausnet Services Limited 1.45% -0.17% 11.4
172 CWN Crown Resorts Limited 1.44% +0.13% 8.3
173 MFG Magellan Financial Group Limited 1.4% -0.02% 8.4
174 SBM ST Barbara Limited 1.38% +0.04% 1.5
175 BLD Boral Limited 1.38% -0.22% 4.6
176 SWM Seven West Media Limited 1.38% -0.02% 12.1
177 FAR FAR Limited 1.37% +0.01% 8.8
178 TCL Transurban Group Stapled 1.32% -0.21% 6.8
179 BHP BHP Billiton Limited 1.32% -0.02% 5.9
180 AZJ Aurizon Holdings Limited 1.3% -0.14% 7.9
181 GOZ Growthpoint Properties Australia Stapled 1.29% +0.02% 18.8
182 NHF Nib Holdings Limited 1.27% +0.02% 6.2
183 VLW Villa World Limited 1.25% +0.02% 12.6
184 APA APA Group Stapled 1.23% -0.04% 4.6
185 MGC MG Unit Trust Units 1.21% -0.03% 4.6
186 CTX Caltex Australia Limited 1.2% -0.08% 3.7
187 CBA Commonwealth Bank of Australia 1.19% +0.06% 8.5
188 CHC Charter Hall Group Forus 1.18% +0.42% 3.5
189 INA Ingenia Communities Group Stapled 1.15% -0.91% 10.4
190 FWD Fleetwood Corporation Limited 1.15% -0.30% 13.4
191 ELD Elders Limited 1.14% -0.47% 2.4
192 CAT Catapult Group International LTD 1.12% +0.14% 3.3
193 BWP BWP Trust Ord Units 1.11% +0.05% 6.7
194 SLX Silex Systems Limited 1.11% -0.01% 26.6
195 COH Cochlear Limited 1.11% -0.18% 4.6
196 SEA Sundance Energy Australia Limited 1.1% -0.02% 6.3
197 TLS Telstra Corporation Limited 1.08% +0.02% 5.6
198 CGF Challenger Limited 1.08% -0.11% 3.6
199 NUF Nufarm Limited 1.08% -0.04% 4.1
200 SEH Sino Gas & Energy Holdings Limited 1.07% 0.00% 45.2
201 ALU Altium Limited 1.04% -0.22% 3.3
202 SPO Spotless Group Holdings Limited 1.03% -0.14% 2.0
203 MGX Mount Gibson Iron Limited 1.02% -0.05% 7.3
204 RCR RCR Tomlinson Limited 1.02% +0.14% 6.8
205 GMG Goodman Group Stapled 1.02% +0.30% 5.3
206 DNA Donaco International Limited 1% -0.06% 28.9
207 EML EML Payments Limited 1% +0.04% 3.3
208 BBN Baby Bunting Group Limited 1% +0.06% 4.7
209 WES Wesfarmers Limited 0.99% +0.08% 7.7
210 SXL Southern Cross Media Group Limited 0.99% -0.01% 1.7
211 VVR Viva Energy Reit Stapled 0.95% +0.05% 4.0
212 WEB Webjet Limited 0.95% +0.15% 3.0
213 GBT GBST Holdings Limited 0.94% +0.03% 24.2
214 BTT BT Investment Management Limited 0.94% -0.03% 0.2
215 IEL Idp Education Limited 0.91% +0.39% 7.1
216 1PG 1-PAGE Limited 0.9% 0.00% 0.0
217 IAG Insurance Australia Group Limited 0.89% -0.07% 6.7
218 CYB CYBG PLC Cdi 1:1 0.88% -0.02% 3.0
219 ANG Austin Engineering Limited 0.88% 0.00% 15.0
220 SLK Sealink Travel Group Limited 0.88% -0.01% 14.9
221 MMS Mcmillan Shakespeare Limited 0.87% +0.19% 1.9
222 ASB Austal Limited 0.85% 0.00% 20.7
223 ORG Origin Energy Limited 0.84% +0.18% 3.6
224 SPK Spark New Zealand Limited NZX 0.83% +0.40% 18.2
225 MOC Mortgage Choice Limited 0.82% +0.53% 1.8
226 GPT GPT Group Stapled 0.81% +0.03% 4.2
227 GUD G.u.d. Holdings Limited 0.81% +0.07% 1.6
228 MML Medusa Mining Limited 0.8% +0.03% 1.8
229 API Australian Pharmaceutical Industries Limited 0.8% +0.04% 2.0
230 BLK Blackham Resources Limited 0.79% +0.12% 0.6
231 LNK Link Administration Holdings Limited 0.78% +0.17% 3.5
232 BKW Brickworks Limited 0.75% -0.04% 3.8
233 MYS Mystate Limited 0.73% +0.05% 5.7
234 RBL Redbubble Limited 0.73% 0.00% 20.6
235 TWE Treasury Wine Estates Limited 0.72% +0.40% 3.9
236 EWC Energy World Corporation LTD 0.72% -0.01% 39.5
237 IFN Infigen Energy Stapled 0.71% -0.29% 3.7
238 CCV Cash Converters International 0.69% -0.05% 9.1
239 PBT Prana Biotechnology Limited 0.68% +0.07% 106.2
240 NCM Newcrest Mining Limited 0.67% +0.15% 1.5
241 WPP WPP Aunz LTD 0.67% 0.00% 13.8
242 DN8 Dreamscape Networks Limited 0.67% 0.00% 199.0
243 MIN Mineral Resources Limited 0.64% +0.02% 1.4
244 ASG Autosports Group Limited 0.64% 0.00% 4.9
245 CDV Cardinal Resources Limited 0.63% 0.00% 2.8
246 SNZ Summerset Group Holdings Limited NZX 0.63% 0.00% 0.0
247 CMW Cromwell Property Group Stapled 0.63% -0.05% 4.9
248 ADH Adairs Limited 0.62% +0.11% 6.3
249 COE Cooper Energy Limited 0.6% -0.08% 2.4
250 BBG Billabong International Limited 0.6% -0.02% 10.4
251 CEN Contact Energy Limited NZX 0.6% +0.47% 8,018.0
252 AMC Amcor Limited 0.59% -0.03% 2.4
253 GTG Genetic Technologies Limited 0.59% 0.00% 191.3
254 PMV Premier Investments Limited 0.58% +0.13% 2.6
255 BRG Breville Group Limited 0.58% -0.01% 2.3
256 NAN Nanosonics Limited 0.58% -0.05% 2.4
257 KDR Kidman Resources Limited 0.58% -0.01% 1.0
258 FIG Freedom Insurance Group LTD 0.57% 0.00% 17.2
259 TNE Technology One Limited 0.57% +0.18% 2.2
260 CLQ Clean Teq Holdings Limited 0.56% +0.02% 4.0
261 SKT SKY Network Television Limited NZ 0.56% +0.08% 10.4
262 TTS Tatts Group Limited 0.56% +0.10% 5.8
263 LLC Lendlease Group Stapled 0.55% +0.02% 3.1
264 ZEL Z Energy Limited NZX 0.55% +0.07% 324.9
265 SCO Scottish Pacific Group Limited 0.54% 0.00% 4.4
266 OZL Oz Minerals Limited 0.54% -0.03% 0.5
267 EPW Erm Power Limited 0.53% -0.01% 5.5
268 VCX Vicinity Centres Stapled 0.53% -0.01% 2.2
269 MPL Medibank Private Limited 0.53% +0.03% 2.7
270 ORA Orora Limited 0.52% 0.00% 2.2
271 NAB National Australia Bank Limited 0.51% -0.10% 2.0
272 XIP Xenith IP Group Limited 0.5% 0.00% 25.2
273 ATL Apollo Tourism & Leisure LTD 0.5% 0.00% 5.7
274 APE Ap Eagers Limited 0.49% +0.49% 6.7
275 HLO Helloworld Travel Limited 0.48% 0.00% 12.9
276 CAJ Capitol Health Limited 0.48% +0.37% 2.5
277 QAN Qantas Airways Limited 0.47% -0.02% 0.9
278 3PL 3P Learning Limited. 0.46% -0.04% 9.5
279 S32 SOUTH32 Limited 0.46% -0.04% 0.9
280 JHX James Hardie Industries PLC Cdi 1:1 0.45% -0.06% 1.2
281 SOL Washington H Soul Pattinson & Company Limited 0.45% +0.02% 4.1
282 AXP Airxpanders Inc Cdi Forus 0.44% +0.01% 19.4
283 APX Appen Limited 0.44% -0.12% 0.6
284 ASL Ausdrill Limited 0.44% -0.01% 4.6
285 EDE Eden Innovations LTD 0.43% +0.01% 6.0
286 NUH Nuheara Limited 0.42% 0.00% 1.1
287 PRR Prima Biomed LTD 0.42% 0.00% 9.5
288 ORL Orotongroup Limited 0.41% +0.41% 14.6
289 CKF Collins Foods Limited 0.41% -0.01% 1.4
290 RIC Ridley Corporation Limited 0.41% +0.05% 12.0
291 ACR Acrux Limited 0.4% 0.00% 1.4
292 BLT Benitec Biopharma Limited 0.4% 0.00% 10.4
293 ANZ Australia And New Zealand Banking Group Limited 0.4% +0.01% 1.5
294 SGF SG Fleet Group Limited 0.39% +0.01% 9.8
295 VAH Virgin Australia Holdings Limited 0.39% +0.01% 31.1
296 ZNO Zoono Group Limited 0.39% +0.39% 0.9
297 FBU Fletcher Building Limited NZX 0.39% -0.03% 2.7
298 DCG Decmil Group Limited 0.37% +0.15% 6.4
299 CPU Computershare Limited 0.36% -0.05% 1.4
300 IDR Industria Reit Stapled 0.35% +0.01% 6.4
301 PLG Propertylink Group Forus 0.35% +0.01% 1.4
302 WAF West African Resources Limited 0.35% -0.04% 2.4
303 LEP Ale Property Group Stapled 0.34% 0.00% 23.9
304 SDF Steadfast Group Limited 0.34% +0.01% 1.0
305 AGL AGL Energy Limited 0.33% +0.01% 1.2
306 SMX SMS Management & Technology Limited 0.33% -0.08% 0.8
307 SMR Stanmore Coal Limited 0.32% +0.10% 45.1
308 HSN Hansen Technologies Limited 0.32% +0.03% 2.8
309 GTN GTN Limited 0.32% 0.00% 3.2
310 CDD Cardno Limited 0.31% +0.02% 8.2
311 CGC Costa Group Holdings Limited 0.31% -0.02% 1.2
312 VTG Vita Group Limited 0.3% -0.39% 0.2
313 TME Trade Me Group Limited NZX 0.3% -0.04% 2.4
314 SGP Stockland Stapled 0.29% +0.02% 1.0
315 SCG Scentre Group Stapled 0.29% -0.02% 1.5
316 GNC Graincorp Limited 0.28% -0.03% 1.0
317 CWY Cleanaway Waste Management Limited 0.27% +0.01% 1.5
318 MVF Monash Ivf Group Limited 0.27% +0.27% 2.0
319 CSL CSL Limited 0.27% -0.13% 1.7
320 NRT Novogen Limited 0.26% 0.00% 3.4
321 YOW Yowie Group LTD 0.26% -0.01% 3.2
322 MNS Magnis Resources Limited 0.26% +0.02% 1.3
323 ABP Abacus Property Group Stapled 0.26% +0.03% 1.1
324 SRV Servcorp Limited 0.25% 0.00% 7.5
325 MQG Macquarie Group Limited 0.25% -0.03% 0.9
326 ACO Australian Careers Network Limited 0.25% 0.00% 0.0
327 S2R S2 Resources LTD 0.25% 0.00% 28.4
328 RMD Resmed Inc Cdi 10:1 0.24% +0.01% 3.5
329 AGR Aguia Resources Limited 0.24% 0.00% 2.1
330 SAS SKY And Space Global LTD 0.24% +0.06% 0.6
331 MHJ Michael Hill International Limited 0.23% -0.02% 9.6
332 CVO Cover-more Group Limited 0.23% 0.00% 0.0
333 INM Iron Mountain Incorporated Cdi 1:1 0.22% -0.03% 4.6
334 FNP Freedom Foods Group Limited 0.22% -0.02% 6.4
335 QBE QBE Insurance Group Limited 0.21% +0.03% 1.2
336 AVJ Avjennings Limited 0.2% 0.00% 5.4
337 AJA Astro Japan Property Group Forus 0.19% +0.02% 0.5
338 CLW Charter Hall Long Wale Reit Stapled 0.19% -0.02% 1.0
339 MX1 Micro-x Limited 0.19% +0.03% 3.3
340 APN APN News & Media Limited 0.19% +0.09% 0.3
341 BLX Beacon Lighting Group Limited 0.19% +0.09% 4.8
342 WTC Wisetech Global Limited 0.18% +0.01% 2.0
343 AOG Aveo Group Stapled 0.17% 0.00% 1.2
344 BSL Bluescope Steel Limited 0.17% -0.01% 0.3
345 BKY Berkeley Energia Limited 0.16% -0.03% 2.0
346 SIQ Smartgroup Corporation LTD 0.16% +0.01% 0.7
347 AGO Atlas Iron Limited 0.14% +0.09% 0.2
348 EAR Echo Resources Limited 0.13% 0.00% 3.6
349 PEN Peninsula Energy Limited 0.13% 0.00% 3.5
350 RAP Resapp Health Limited 0.13% 0.00% 0.8
351 CNU Chorus Limited NZX 0.13% 0.00% 0.2
352 OGC Oceanagold Corporation Cdi 1:1 0.12% -0.06% 3.1
353 PMP PMP Limited 0.12% 0.00% 3.0
354 GCY Gascoyne Resources Limited 0.12% 0.00% 1.6
355 SVL Silver Mines Limited 0.12% -0.01% 2.0
356 TCH Touchcorp Limited 0.12% -0.01% 1.0
357 RHL Ruralco Holdings Limited 0.12% 0.00% 1.2
358 ALQ Als Limited 0.11% -0.07% 0.1
359 NWSLV News Corp Class a Non-voting Common Stock-cdi 0.11% 0.00% 0.0
360 EVT Event Hospitality And Entertainment LTD 0.11% 0.00% 5.0
361 AVN Aventus Retail Property Fund Unit 0.11% +0.03% 2.5
362 CIP Centuria Industrial Reit Ord Unit 0.1% +0.02% 0.9
363 RAN Range International Limited 0.1% -0.01% 0.4
364 SIG Sigma Healthcare Limited 0.1% 0.00% 0.1
365 IMD Imdex Limited 0.1% +0.01% 0.3
366 BBOZ Beta Sbear Trading Managed Fund Units Fully Paid 0.09% +0.09% 0.0
367 ARF Arena Reit Stapled 0.09% 0.00% 1.6
368 AFY Afterpay Holdings Limited 0.09% -0.08% 0.3
369 WLD Wellard Limited 0.09% -0.02% 2.0
370 ESE Esense-lab LTD Cdi 1:1 0.09% +0.04% 0.1
371 RFF Rural Funds Group Stapled 0.09% 0.00% 0.8
372 EGH Eureka Group Holdings Limited 0.08% 0.00% 0.1
373 OVH Onevue Holdings Limited 0.08% 0.00% 0.9
374 GHC Generation Healthcare Reit Units 0.08% 0.00% 0.2
375 FPH Fisher & Paykel Healthcare Corporation Limited NZX 0.07% -0.06% 1.7
376 NEA Nearmap LTD 0.07% -0.02% 0.4
377 PAC Pacific Current Group Limited 0.07% -0.19% 0.2
378 MDL Mineral Deposits Limited 0.07% 0.00% 0.7
379 AJX Alexium International Group Limited 0.07% +0.01% 0.4
380 SHJ Shine Corporate LTD 0.07% +0.01% 0.1
381 NMT Neometals LTD 0.07% 0.00% 0.7
382 CIM Cimic Group Limited 0.07% +0.01% 0.6
383 DVL Dorsavi LTD 0.06% 0.00% 4.4
384 EQT EQT Holdings Limited 0.06% 0.00% 2.9
385 CZZ Capilano Honey Limited 0.06% 0.00% 0.8
386 NHC New Hope Corporation Limited 0.06% +0.01% 12.2
387 BCI BC Iron Limited 0.06% 0.00% 0.1
388 PNL Paringa Resources Limited 0.05% 0.00% 0.3
389 VGL Vista Group International Limited NZX 0.05% 0.00% 856.2
390 TGS Tiger Resources Limited 0.05% 0.00% 0.0
391 HZN Horizon Oil Limited 0.05% 0.00% 2.3
392 IOF Investa Office Fund Stapled 0.05% -0.82% 0.2
393 CDU Cudeco Limited 0.05% 0.00% 1.3
394 FET Folkestone Education Trust Unit 0.04% 0.00% 0.6
395 SMN Structural Monitoring Systems PLC Cdi 1:1 0.04% 0.00% 0.7
396 GDI GDI Property Group Stapled 0.04% 0.00% 1.5
397 ALL Aristocrat Leisure Limited 0.04% -0.01% 0.1
398 ADA Adacel Technologies Limited 0.04% -0.01% 0.3
399 WBA Webster Limited 0.04% 0.00% 0.7
400 RVR Red River Resources Limited 0.04% 0.00% 0.1
401 D13 Department 13 International LTD 0.03% +0.03% 0.1
402 EMC Emefcy Group Limited 0.03% +0.01% 0.2
403 UNS Unilife Corporation Cdi 60:1 0.03% 0.00% 0.0
404 HIL Hills Limited 0.03% 0.00% 0.7
405 FBR Fastbrick Robotics LTD 0.03% +0.01% 0.2
406 HPI Hotel Property Investments Stapled 0.03% +0.01% 0.3
407 ALK Alkane Resources Limited 0.03% 0.00% 0.8
408 AUZ Australian Mines Limited 0.02% +0.02% 0.1
409 RKN Reckon Limited 0.02% -0.01% 0.5
410 AXL Axsesstoday Limited 0.02% -0.04% 0.2
411 CWP Cedar Woods Properties Limited 0.02% 0.00% 0.2
412 IAM Intiger Group Limited 0.02% +0.02% 0.1
413 KMD Kathmandu Holdings Limited 0.02% -0.05% 0.2
414 MP1 Megaport Limited 0.02% 0.00% 0.1
415 MLD Maca Limited 0.02% 0.00% 0.2
416 IRI Integrated Research Limited 0.02% 0.00% 1.0
417 UPD Updater Inc Cdi Forus 0.02% 0.00% 0.1
418 RMX Red Mountain Mining Limited 0.02% -0.03% 0.0
419 LCT Living Cell Technologies Limited 0.01% +0.01% 0.7
420 CLV Clover Corporation Limited 0.01% 0.00% 0.1
421 SYT Syntonic Limited 0.01% 0.00% 0.1
422 PPS Praemium Limited 0.01% 0.00% 0.1
423 DWS DWS Limited 0.01% 0.00% 0.0
424 AFG Australian Finance Group LTD 0.01% 0.00% 0.1
425 RHP Rhipe Limited 0.01% 0.00% 0.1
426 BUB Bubs Australia Limited 0.01% 0.00% 0.1
427 QMS QMS Media Limited 0.01% 0.00% 0.2
428 AIA Auckland International Airport Limited NZX 0.01% 0.00% 1.9
429 XPE Xped Limited 0.01% -0.02% 0.0
430 FLN Freelancer Limited 0.01% 0.00% 0.1
431 MLB Melbourne IT Limited 0% 0.00% 0.0
432 SOM Somnomed Limited 0% 0.00% 0.1
433 PPC Peet Limited 0% 0.00% 0.1
434 XRO Xero Limited NZX 0% -0.08% 0.1
435 TAR Taruga Gold Limited 0% 0.00% 0.0
436 LOV Lovisa Holdings Limited 0% 0.00% 0.1
437 SVH Silver Heritage Group Limited 0% 0.00% 0.0
438 SSM Service Stream Limited 0% 0.00% 0.0
439 SRS Spicers Limited 0% 0.00% 0.2
440 CVN Carnarvon Petroleum Limited 0% 0.00% 0.1
441 WTP Watpac Limited 0% 0.00% 0.1
442 ATS Australis Oil & Gas Limited 0% 0.00% 0.0
443 BSE Base Resources Limited 0% 0.00% 0.0
444 IFM Infomedia LTD 0% 0.00% 0.0
445 ISU Iselect Limited 0% 0.00% 0.0
446 DUE Duet Group Forus 0% -0.03% 0.0
447 HUB HUB24 Limited 0% 0.00% 0.0
448 MFF MFF Capital Investments Limited 0% 0.00% 0.0
449 MEZ Meridian Energy Limited NZX 0% -0.01% 0.0
450 CL1 Class Limited 0% 0.00% 0.0
451 IOT IOT Group Limited 0% 0.00% 0.0
452 AKP Audio Pixels Holdings Limited 0% 0.00% 0.0
453 PMC Platinum Capital Limited 0% 0.00% 0.0
454 MBE Mobile Embrace Limited 0% 0.00% 0.0
455 IIL Innate Immunotherapeutics Limited 0% 0.00% 0.0
456 MOD MOD Resources Limited 0% 0.00% 0.0
457 FSF Fonterra Shareholders' Fund Unit NZX 0% 0.00% 0.0
458 HFA HFA Holdings Limited 0% 0.00% 0.0
459 EHL Emeco Holdings Limited 0% 0.00% 0.0
460 TWR Tower Limited NZX 0% 0.00% 0.0
461 YAL Yancoal Australia Limited 0% 0.00% 0.0
462 88E 88 Energy Limited 0% 0.00% 0.0
463 KBL KBL Mining Limited 0% 0.00% 0.0
464 STW SPDR S&p/asx 200 Fund Etf Units 0% 0.00% 0.0
465 IGL Ive Group Limited 0% 0.00% 0.0
466 SDL Sundance Resources Limited 0% 0.00% 0.0
467 CIA Champion Iron Limited 0% 0.00% 0.0
468 VHY Vanguard Australian Shares High Yield Etf Etf Units 0% 0.00% 0.0
469 NWH NRW Holdings Limited 0% 0.00% 0.0
470 GRR Grange Resources Limited 0% 0.00% 0.0
471 APZ Aspen Group Stapled 0% 0.00% 0.0
472 IDX Integral Diagnostics Limited 0% 0.00% 0.0


What is Short Selling?

Short selling is one of the most difficult concepts for novice investors to grasp.

The goal is to profit from a falling market by “borrowing” shares in a company to sell at the current market price, and buy those shares back at a later date after the price has fallen. The difference between the initial sell price and the later buyback price is the profit.

The easiest way to grasp the concept is to compare it with traditional share investment.

Long (Buy)

Going “long” is the traditional way of investing in the stock market; you profit when the share price goes up.

  • You believe a companies share price will rise
  • You buy shares at $40
  • The share price rises to $54
  • You sell the shares for a profit of $14 per share
Chart of a Long Buy

Short (Sell)

Going “short” is the opposite; you profit when the share price goes down.

  • You believe a companies share price will fall
  • You sell 1,000 "borrowed" shares at $58
  • The share price falls to $42
  • You buy 1,000 shares (to close the trade) at $42
  • You made a profit of $16 per share
Chart of a Short Sale

How can you sell shares you don’t own?

The most common way is called “Covered Short Selling” and it involves “borrowing” the shares from someone else (organised by your stockbroker).

To open a trade: You borrow shares and sell them at the current market price.

To close the trade: You buyback the same number of shares and return them to the original shareholder.

Another way is to “Naked Short Sell” and it involves a stockbroker placing a sell order on your behalf, even though you haven't borrowed any shares (hence the term "naked"). To close the trade you must buy back the exact number of shares that you originally sold.

Remember that everything is done on a computer. You’re not actually buying and selling a tangible asset; all that’s required is that the numbers in the regulator’s computer “even out” at the end.

Why would someone allow their stock to be short sold? Lenders can charge a borrowing fee which is passed on to the short seller. This is also why short sale positions tend to be shorter in investment duration than long trades.

Green TickShort Selling Advantages


1. Profit in a falling market

You can make money when share prices are falling.

2. Hedge your portfolio to reduce drawdown

A portfolio can be hedged with “short” positions to reduce drawdowns in down trending markets. Should the stock market turn negative, any profit made in the “short” trades will help counteract the losses made in the long trades.

Red CrossDisadvantages


1. Difficulty to participate

Few Australian stockbrokers have the ability to short sell and those that do often have many obstacles. Additional paperwork, collateral requirements, pre-authorisation per trade, higher fees and a minimum trade size of $50,000 may be set.

2. Risk is unlimited

With traditional share investment your risk is limited to the amount you spent on the initial purchase (a share price can’t go below zero). With short selling a trade isn’t closed until you buyback the original number of shares sold, so your risk is unlimited (there is not upper limit to how high a share price can go).

For example, in 2008 Volkswagen was involved in a massive short-squeeze.

Short sellers panicked because the share price was rising and they were losing money. To close their trades they needed to buyback the original number of shares they sold.

A "snowball" effect ensued with all short sellers trying to close their trades at the same time, driving the share price even higher.

The Volkswagen share price rose from €200 to over €1,000 in just over a month.

Short Squeeze Chart

3. Limited number of approved ASX companies to sell

There is a limited number of ASX companies that are allowed to be sold short. Leveraged equities publish a list of approved companies along with the collateral requirements.

Why is Short Selling Allowed?

Short selling provides liquidity and brings price efficiency into the market.

In 2008, ASIC placed stricter controls on covered short selling and banned naked short selling outright in an attempt to bring order to the market turmoil. Although it could easily be argued that the ban reduced fear and reduced the number of people “sitting on the sidelines”, studies have found that the consequence was higher volatility and decreased liquidity.

How to "Go Short" in Australia

Short selling ASX companies should only be conducted by experienced investors. You will need to shop around for a stockbroker who is able to facilitate short trades.

Alternatively, you can profit from a falling market by purchasing an Exchange Traded Fund (ETF) that specialises in short selling.

BetaShares Australian Equities Bear Hedge Fund (BEAR) is an ETF that can be bought and sold just like ordinary shares with no extra paperwork, fees or obstacles. The fund short sells ASX SPI 200 futures contracts so that any fall in the S&P/ASX 200 index will result in an increase in the fund’s value. Therefore, the share price of BEAR ETF will rise if the stock market falls.

Using an ETF like the BEAR is a great way for the average investor to profit from, or protect against a fall in the overall Australian stock market.


Additional Links

Short Selling Regulatory Guide 196 (PDF) - ASIC’s detailed guide

Short Selling Reporting Obligations in Australia (PDF) - A law firm’s excellent summary

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