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: 11 Jan 2017

Code Company Short Week Mvt
1 ACX Aconex Limited 16.69% +0.40%
2 MYR Myer Holdings Limited 16.2% -0.09%
3 WSA Western Areas Limited 12.44% -0.10%
4 TFC TFS Corporation Limited 11.94% +0.34%
5 SYR Syrah Resources Limited 10.98% -0.32%
6 NEC Nine Entertainment Co. Holdings Limited 10.5% -0.18%
7 VOC Vocus Communications Limited 10.34% +0.58%
8 MTS Metcash Limited 10.32% -0.23%
9 WOR Worleyparsons Limited 9.38% +0.11%
10 NWS News Corporation. B Voting 8.85% +0.24%
11 HSO Healthscope Limited 8.23% -0.03%
12 NXT Nextdc Limited 8.18% -0.85%
13 FLT Flight Centre Travel Group Limited 8.13% -0.01%
14 MND Monadelphous Group Limited 8.05% -0.44%
15 AWC Alumina Limited 7.96% -0.42%
16 BAL Bellamy's Australia Limited 7.81% -1.40%
17 DOW Downer Edi Limited 7.81% -0.10%
18 EHE Estia Health Limited 7.81% -0.86%
19 MYX Mayne Pharma Group Limited 7.6% +0.15%
20 MYO Myob Group Limited 7.57% +0.05%
21 ORE Orocobre Limited 7.29% -0.36%
22 ISD Isentia Group Limited 7.14% -0.69%
23 IVC Invocare Limited 6.84% -0.23%
24 JHC Japara Healthcare Limited 6.82% -0.23%
25 SGH Slater & Gordon Limited 6.71% +0.04%
26 GTY Gateway Lifestyle Group Stapled 6.66% +0.11%
27 BKL Blackmores Limited 6.57% +0.22%
28 RWC Reliance Worldwide Corporation Limited 6.52% +0.02%
29 BEN Bendigo And Adelaide Bank Limited 6.3% -0.19%
30 MTR Mantra Group Limited 6.26% -0.38%
31 PRU Perseus Mining Limited 6.23% +0.09%
32 CTD Corporate Travel Management Limited 6.12% +0.03%
33 CSV CSG Limited 6.09% +0.01%
34 SEK Seek Limited 6.08% -0.08%
35 OSH Oil Search Limited 10T 6.05% +0.02%
36 ILU Iluka Resources Limited 6.03% +0.42%
37 WOW Woolworths Limited 5.91% +0.07%
38 MSB Mesoblast Limited 5.83% -0.24%
39 BGA Bega Cheese Limited 5.72% +0.16%
40 IFL Ioof Holdings Limited 5.67% -0.08%
41 GEM G8 Education Limited 5.63% -0.10%
42 RIO RIO Tinto Limited 5.61% +0.07%
43 IGO Independence Group NL 5.55% -0.28%
44 OFX OFX Group Limited 5.46% -1.09%
45 CSR CSR Limited 5.42% +0.01%
46 AAD Ardent Leisure Group Stapled 5.35% +0.70%
47 AWE AWE Limited 5.28% -0.29%
48 A2M The A2 Milk Company Limited NZ 5.17% +0.13%
49 CAB Cabcharge Australia Limited 5.17% -0.03%
50 AAC Australian Agricultural Company Limited 5.16% +0.12%
51 IPH IPH Limited 5.12% 0.00%
52 ORI Orica Limited 5.12% -0.29%
53 JBH JB Hi-fi Limited 5.03% +0.28%
54 SUL Super Retail Group Limited 5% -0.08%
55 GXL Greencross Limited 4.97% -0.09%
56 PDN Paladin Energy LTD 4.95% -0.12%
57 MLX Metals X Limited 4.9% -0.48%
58 CLH Collection House Limited 4.85% +0.15%
59 KAR Karoon Gas Australia Limited 4.8% 0.00%
60 DMP Domino's Pizza Enterprises Limited 4.79% +0.01%
61 TPM TPG Telecom Limited 4.63% +0.01%
62 GMA Genworth Mortgage Insurance Australia Limited 4.5% 0.00%
63 TGR Tassal Group Limited 4.38% +0.03%
64 IPD Impedimed Limited 4.3% +0.28%
65 GOR Gold Road Resources Limited 4.15% -0.18%
66 PRY Primary Health Care Limited 4.12% -0.12%
67 IMF IMF Bentham Limited 4.08% -0.07%
68 BWX BWX Limited 3.98% +0.52%
69 AHG Automotive Holdings Group Limited 3.96% -0.22%
70 RMS Ramelius Resources Limited 3.92% -0.96%
71 REG Regis Healthcare Limited 3.9% +0.02%
72 PPT Perpetual Limited 3.85% -0.02%
73 SGM Sims Metal Management Limited 3.85% -0.34%
74 CQR Charter Hall Retail Reit Unit 3.84% +0.03%
75 RFG Retail Food Group Limited 3.82% -0.05%
76 REA REA Group LTD 3.82% +0.09%
77 ARI Arrium Limited 3.81% 0.00%
78 HVN Harvey Norman Holdings Limited 3.74% +0.08%
79 SRX Sirtex Medical Limited 3.67% +0.82%
80 SPO Spotless Group Holdings Limited 3.57% -0.28%
81 CCP Credit Corp Group Limited 3.55% +0.06%
82 BAP Bapcor Limited 3.53% +0.16%
83 QUB Qube Holdings Limited 3.5% +0.04%
84 MRM Mma Offshore Limited 3.48% -0.03%
85 AGI Ainsworth Game Technology Limited 3.42% -0.25%
86 VRT Virtus Health Limited 3.41% +0.17%
87 GUD G.u.d. Holdings Limited 3.41% -0.07%
88 NST Northern Star Resources LTD 3.41% +0.22%
89 SKC Skycity Entertainment Group Limited NZX 3.34% -0.10%
90 RCG RCG Corporation Limited 3.34% +0.06%
91 PRG Programmed Maintenance Services Limited 3.25% -0.44%
92 ARB ARB Corporation Limited 3.24% -0.11%
93 ANN Ansell Limited 3.2% +0.14%
94 IPL Incitec Pivot Limited 3.2% -0.22%
95 TOX TOX Free Solutions Limited 3.14% +0.54%
96 ING Inghams Group Limited 3.07% +0.10%
97 FMG Fortescue Metals Group LTD 3.05% -0.12%
98 DCN Dacian Gold Limited 2.98% +0.24%
99 SLR Silver Lake Resources Limited 2.92% -0.99%
100 SWM Seven West Media Limited 2.91% +0.04%
101 BOQ Bank of Queensland Limited 2.83% +0.08%
102 LNG Liquefied Natural Gas Limited 2.83% 0.00%
103 TEN TEN Network Holdings Limited 2.82% -0.02%
104 NSR National Storage Reit Stapled 2.77% +0.06%
105 TAH Tabcorp Holdings Limited 2.77% -0.03%
106 GXY Galaxy Resources Limited 2.71% -0.20%
107 NTC Netcomm Wireless Limited 2.71% 0.00%
108 APA APA Group Stapled 2.7% +0.20%
109 PGH Pact Group Holdings LTD 2.69% -0.01%
110 INM Iron Mountain Incorporated Cdi 1:1 2.64% +0.01%
111 SKI Spark Infrastructure Group Forus 2.53% +0.15%
112 OZL Oz Minerals Limited 2.51% -0.18%
113 FXL Flexigroup Limited 2.47% -0.14%
114 WGX Westgold Resources Limited 2.43% -0.28%
115 ERA Energy Resources of Australia Limited 'a' 2.41% -0.18%
116 AHY Asaleo Care Limited 2.37% -0.04%
117 SXY Senex Energy Limited 2.36% -0.07%
118 FAR FAR Limited 2.36% -0.03%
119 PTM Platinum Asset Management Limited 2.34% -0.27%
120 ELD Elders Limited 2.29% -0.07%
121 VRL Village Roadshow Limited 2.25% +0.16%
122 DNA Donaco International Limited 2.25% -0.01%
123 BLA Blue SKY Alternative Investments Limited 2.24% +0.55%
124 AYS Amaysim Australia Limited 2.18% +0.17%
125 SCP Shopping Centres Australasia Property Group Stapled 2.18% -0.03%
126 CGF Challenger Limited 2.14% -0.03%
127 SHV Select Harvests Limited 2.12% -0.41%
128 SAR Saracen Mineral Holdings Limited 2.09% -0.04%
129 CBA Commonwealth Bank of Australia 2.05% -0.06%
130 APO Apn Outdoor Group Limited 2.04% -0.49%
131 CAR Carsales.com Limited 2.02% -0.01%
132 WHC Whitehaven Coal Limited 2.02% -0.32%
133 SVW Seven Group Holdings Limited 1.98% +0.02%
134 WPL Woodside Petroleum Limited 1.9% +0.13%
135 RHC Ramsay Health Care Limited 1.9% +0.16%
136 LYC Lynas Corporation Limited 1.9% -0.05%
137 AMP AMP Limited 1.89% +0.01%
138 ASX ASX Limited 1.89% +0.04%
139 TRS The Reject Shop Limited 1.88% +0.18%
140 HFR Highfield Resources Limited 1.84% +0.09%
141 BHP BHP Billiton Limited 1.83% -0.08%
142 APN APN News & Media Limited 1.8% -0.07%
143 AST Ausnet Services Limited 1.78% +0.01%
144 CCL Coca-cola Amatil Limited 1.78% -0.05%
145 GWA GWA Group Limited 1.77% -0.03%
146 KCN Kingsgate Consolidated Limited 1.76% +0.05%
147 CYB CYBG PLC Cdi 1:1 1.74% -0.02%
148 BDR Beadell Resources Limited 1.7% +0.52%
149 BLD Boral Limited 1.68% +0.08%
150 TTS Tatts Group Limited 1.62% -0.21%
151 NVT Navitas Limited 1.61% +0.02%
152 BRU Buru Energy Limited 1.61% -0.01%
153 SPL Starpharma Holdings Limited 1.6% -0.03%
154 RSG Resolute Mining Limited 1.6% +0.09%
155 IAG Insurance Australia Group Limited 1.58% +0.07%
156 TGA Thorn Group Limited 1.56% +0.02%
157 MIN Mineral Resources Limited 1.56% -0.06%
158 EWC Energy World Corporation LTD 1.55% +0.10%
159 STO Santos Limited 1.54% +0.06%
160 CGC Costa Group Holdings Limited 1.53% -0.02%
161 MMS Mcmillan Shakespeare Limited 1.51% +0.28%
162 SDA Speedcast International Limited 1.46% -0.10%
163 FWD Fleetwood Corporation Limited 1.46% 0.00%
164 MQA Macquarie Atlas Roads Group Stapled 1.46% -0.25%
165 NUF Nufarm Limited 1.44% -0.25%
166 MGC MG Unit Trust Units 1.43% +0.01%
167 COH Cochlear Limited 1.41% +0.18%
168 TCL Transurban Group Stapled 1.4% -0.02%
169 PLS Pilbara Minerals Limited 1.37% -0.12%
170 DXS Dexus Property Group Stapled 1.36% -0.43%
171 SMX SMS Management & Technology Limited 1.35% -0.09%
172 SLX Silex Systems Limited 1.35% -0.21%
173 SHL Sonic Healthcare Limited 1.34% -0.07%
174 CCV Cash Converters International 1.34% -0.03%
175 CDV Cardinal Resources Limited 1.33% +0.09%
176 MFG Magellan Financial Group Limited 1.32% -0.08%
177 BPT Beach Energy Limited 1.32% -0.18%
178 CWN Crown Resorts Limited 1.3% -0.07%
179 CVO Cover-more Group Limited 1.29% -0.49%
180 ERF Elanor Retail Property Fund Stapled 1.27% 0.00%
181 GOZ Growthpoint Properties Australia Stapled 1.25% 0.00%
182 SFR Sandfire Resources NL 1.24% +0.16%
183 IFN Infigen Energy Stapled 1.24% -0.08%
184 LLC Lendlease Group Stapled 1.22% 0.00%
185 VVR Viva Energy Reit Stapled 1.2% -0.10%
186 SIV Silver Chef Limited 1.18% 0.00%
187 EVN Evolution Mining Limited 1.18% -0.12%
188 WES Wesfarmers Limited 1.17% +0.02%
189 CPU Computershare Limited 1.14% -0.22%
190 CMW Cromwell Property Group Stapled 1.12% -0.01%
191 WBC Westpac Banking Corporation 1.12% -0.07%
192 BWP BWP Trust Ord Units 1.12% -0.04%
193 ANZ Australia And New Zealand Banking Group Limited 1.11% -0.09%
194 IRE Iress Limited 1.09% -0.07%
195 FXJ Fairfax Media Limited 1.07% -0.02%
196 MGR Mirvac Group Stapled 1.06% -0.23%
197 MGX Mount Gibson Iron Limited 1.05% 0.00%
198 AQG Alacer Gold Corp Cdi 1:1 1.05% -0.11%
199 VTG Vita Group Limited 1.04% +0.13%
200 VLW Villa World Limited 1.03% 0.00%
201 RRL Regis Resources Limited 1.02% -0.05%
202 SXL Southern Cross Media Group Limited 1.02% 0.00%
203 ABC Adelaide Brighton Limited 1.01% +0.01%
204 NAN Nanosonics Limited 0.98% -0.03%
205 BBG Billabong International Limited 0.98% 0.00%
206 RBL Redbubble Limited 0.97% 0.00%
207 TWE Treasury Wine Estates Limited 0.97% -0.14%
208 AMA AMA Group Limited 0.93% -0.01%
209 BKW Brickworks Limited 0.93% +0.01%
210 SGR The Star Entertainment Group Limited 0.93% -0.33%
211 INA Ingenia Communities Group Stapled 0.91% +0.05%
212 GTG Genetic Technologies Limited 0.91% +0.02%
213 ASB Austal Limited 0.9% -0.05%
214 GBT GBST Holdings Limited 0.9% -0.08%
215 NHF Nib Holdings Limited 0.89% 0.00%
216 SEH Sino Gas & Energy Holdings Limited 0.88% -0.02%
217 DRM Doray Minerals Limited 0.86% +0.02%
218 BTT BT Investment Management Limited 0.85% +0.06%
219 SYD Sydney Airport Forus 0.82% -0.18%
220 JHX James Hardie Industries PLC Cdi 1:1 0.81% -0.04%
221 SBM ST Barbara Limited 0.78% -0.02%
222 RCR RCR Tomlinson Limited 0.76% +0.02%
223 IOF Investa Office Fund Stapled 0.75% -0.15%
224 1PG 1-PAGE Limited 0.74% +0.01%
225 LNK Link Administration Holdings Limited 0.73% 0.00%
226 BRG Breville Group Limited 0.73% -0.06%
227 SEA Sundance Energy Australia Limited 0.73% +0.01%
228 ALU Altium Limited 0.71% +0.06%
229 WPP WPP Aunz LTD 0.7% -0.01%
230 SLK Sealink Travel Group Limited 0.68% 0.00%
231 HGG Henderson Group PLC Cdi 1:1 0.68% +0.01%
232 CDD Cardno Limited 0.68% -0.01%
233 SKT SKY Network Television Limited NZ 0.67% -0.01%
234 TLS Telstra Corporation Limited 0.64% +0.35%
235 GPT GPT Group Stapled 0.63% -0.03%
236 SUN Suncorp Group Limited 0.61% -0.02%
237 AMC Amcor Limited 0.6% -0.08%
238 AZJ Aurizon Holdings Limited 0.58% +0.02%
239 FIG Freedom Insurance Group LTD 0.57% +0.13%
240 ORG Origin Energy Limited 0.57% -0.07%
241 SCG Scentre Group Stapled 0.56% -0.09%
242 MQG Macquarie Group Limited 0.56% -0.08%
243 RMD Resmed Inc Cdi 10:1 0.53% -0.01%
244 ACR Acrux Limited 0.51% -0.07%
245 CSL CSL Limited 0.5% -0.01%
246 DCG Decmil Group Limited 0.5% -0.02%
247 WEB Webjet Limited 0.5% +0.06%
248 ATL Apollo Tourism & Leisure LTD 0.5% 0.00%
249 EPW Erm Power Limited 0.49% -0.06%
250 NCM Newcrest Mining Limited 0.48% -0.07%
251 ADH Adairs Limited 0.48% +0.02%
252 ZEL Z Energy Limited NZX 0.47% 0.00%
253 IEL Idp Education Limited 0.47% -0.01%
254 DUE Duet Group Forus 0.46% -1.08%
255 VAH Virgin Australia Holdings Limited 0.45% 0.00%
256 QAN Qantas Airways Limited 0.45% 0.00%
257 MBN Mirabela Nickel Limited 0.45% 0.00%
258 EQT EQT Holdings Limited 0.45% 0.00%
259 NAB National Australia Bank Limited 0.44% -0.07%
260 TME Trade Me Group Limited NZX 0.44% -0.03%
261 COE Cooper Energy Limited 0.44% +0.02%
262 OML Ooh!media Limited 0.44% +0.03%
263 PRR Prima Biomed LTD 0.43% 0.00%
264 DLX Duluxgroup Limited 0.42% -0.25%
265 3PL 3P Learning Limited. 0.42% -0.12%
266 ABP Abacus Property Group Stapled 0.41% -0.06%
267 WTP Watpac Limited 0.41% 0.00%
268 GMG Goodman Group Stapled 0.4% -0.08%
269 TNE Technology One Limited 0.4% -0.06%
270 EML EML Payments Limited 0.4% +0.02%
271 VCX Vicinity Centres Stapled 0.4% -0.11%
272 AGL AGL Energy Limited 0.39% -0.09%
273 SGP Stockland Stapled 0.38% -0.02%
274 TIX 360 Capital Industrial Fund Ord Unit 0.38% -0.06%
275 NEA Nearmap LTD 0.37% 0.00%
276 SIQ Smartgroup Corporation LTD 0.37% -0.04%
277 PMV Premier Investments Limited 0.37% -0.05%
278 SVL Silver Mines Limited 0.37% +0.23%
279 CDU Cudeco Limited 0.37% 0.00%
280 GTN GTN Limited 0.36% -0.11%
281 SPK Spark New Zealand Limited NZX 0.35% +0.02%
282 NRT Novogen Limited 0.35% 0.00%
283 APX Appen Limited 0.34% 0.00%
284 QBE QBE Insurance Group Limited 0.34% -0.04%
285 AFY Afterpay Holdings Limited 0.33% -0.03%
286 CWY Cleanaway Waste Management Limited 0.32% -0.04%
287 SDF Steadfast Group Limited 0.32% 0.00%
288 OGC Oceanagold Corporation Cdi 1:1 0.31% -0.03%
289 S32 SOUTH32 Limited 0.31% -0.02%
290 FBU Fletcher Building Limited NZX 0.3% -0.04%
291 SCO Scottish Pacific Group Limited 0.3% +0.01%
292 MPL Medibank Private Limited 0.29% -0.11%
293 SGF SG Fleet Group Limited 0.29% +0.01%
294 MML Medusa Mining Limited 0.28% +0.04%
295 CIM Cimic Group Limited 0.28% -0.05%
296 WFD Westfield Corporation Stapled 0.28% +0.02%
297 WTC Wisetech Global Limited 0.28% +0.04%
298 S2R S2 Resources LTD 0.28% 0.00%
299 ALQ Als Limited 0.27% +0.04%
300 TRY Troy Resources Limited 0.27% -0.24%
301 BKY Berkeley Energia Limited 0.27% -0.06%
302 YOW Yowie Group LTD 0.27% +0.24%
303 WLD Wellard Limited 0.26% +0.01%
304 BXB Brambles Limited 0.26% -0.02%
305 ECX Eclipx Group Limited 0.26% +0.03%
306 ACO Australian Careers Network Limited 0.25% 0.00%
307 FET Folkestone Education Trust Unit 0.25% -0.06%
308 IDR Industria Reit Stapled 0.25% 0.00%
309 AGR Aguia Resources Limited 0.24% 0.00%
310 BLK Blackham Resources Limited 0.24% -0.03%
311 RIC Ridley Corporation Limited 0.24% 0.00%
312 CAJ Capitol Health Limited 0.23% 0.00%
313 SMR Stanmore Coal Limited 0.23% +0.04%
314 HSN Hansen Technologies Limited 0.23% +0.02%
315 CAT Catapult Group International LTD 0.23% +0.06%
316 CLW Charter Hall Long Wale Reit Stapled 0.21% -0.02%
317 CTX Caltex Australia Limited 0.21% +0.09%
318 FNP Freedom Foods Group Limited 0.2% -0.01%
319 PMP PMP Limited 0.2% 0.00%
320 HIL Hills Limited 0.19% +0.03%
321 RFL Rubik Financial Limited 0.19% 0.00%
322 CHC Charter Hall Group Forus 0.19% -0.03%
323 GNC Graincorp Limited 0.19% -0.04%
324 NMT Neometals LTD 0.17% +0.17%
325 ADA Adacel Technologies Limited 0.16% +0.08%
326 GGG Greenland Minerals And Energy Limited 0.16% -0.41%
327 PEN Peninsula Energy Limited 0.15% -0.52%
328 NWH NRW Holdings Limited 0.15% +0.01%
329 GHC Generation Healthcare Reit Units 0.15% 0.00%
330 VLA Viralytics Limited 0.15% 0.00%
331 OVH Onevue Holdings Limited 0.14% +0.01%
332 RAN Range International Limited 0.14% 0.00%
333 TCH Touchcorp Limited 0.14% +0.01%
334 BBN Baby Bunting Group Limited 0.14% -0.59%
335 NWSLV News Corp Class a Non-voting Common Stock-cdi 0.14% 0.00%
336 HLO Helloworld Limited 0.14% 0.00%
337 SIP Sigma Pharmaceuticals Limited 0.13% -0.01%
338 ASG Autosports Group Limited 0.13% +0.03%
339 MNS Magnis Resources Limited 0.13% +0.01%
340 API Australian Pharmaceutical Industries Limited 0.12% -0.08%
341 IMD Imdex Limited 0.12% 0.00%
342 AJX Alexium International Group Limited 0.12% -0.02%
343 AOG Aveo Group Stapled 0.11% 0.00%
344 AVN Aventus Retail Property Fund Unit 0.11% 0.00%
345 GDI GDI Property Group Stapled 0.11% +0.02%
346 NZM Nzme Limited NZX 0.11% -0.02%
347 BCI BC Iron Limited 0.11% 0.00%
348 ALL Aristocrat Leisure Limited 0.11% 0.00%
349 LEP Ale Property Group Stapled 0.1% +0.01%
350 BSL Bluescope Steel Limited 0.1% +0.01%
351 CLQ Clean Teq Holdings Limited 0.1% 0.00%
352 AIA Auckland International Airport Limited NZX 0.1% 0.00%
353 CTDRB Corp Trav Rights - Applications Close 17-JAN-2017 0.1% -0.40%
354 SHJ Shine Corporate LTD 0.09% -0.03%
355 WEC White Energy Company Limited 0.09% +0.07%
356 ARF Arena Reit Stapled 0.09% -0.02%
357 MSM MSM Corporation International LTD 0.08% 0.00%
358 CNU Chorus Limited NZX 0.07% -0.02%
359 MOC Mortgage Choice Limited 0.07% 0.00%
360 CWP Cedar Woods Properties Limited 0.07% 0.00%
361 SSM Service Stream Limited 0.07% -0.05%
362 MNY MONEY3 Corporation Limited 0.07% -0.01%
363 XIP Xenith IP Group Limited 0.06% 0.00%
364 SLC Superloop Limited 0.06% -0.03%
365 BLX Beacon Lighting Group Limited 0.06% -0.02%
366 MHJ Michael Hill International Limited 0.06% +0.02%
367 KMD Kathmandu Holdings Limited 0.05% -0.29%
368 SRV Servcorp Limited 0.05% +0.02%
369 VGL Vista Group International Limited NZX 0.05% 0.00%
370 TGS Tiger Resources Limited 0.05% 0.00%
371 HPI Hotel Property Investments Stapled 0.05% -0.01%
372 ISU Iselect Limited 0.05% +0.01%
373 GJT Galileo Japan Trust Unit 0.05% 0.00%
374 CL1 Class Limited 0.05% 0.00%
375 AUB AUB Group Limited 0.04% 0.00%
376 HZN Horizon Oil Limited 0.04% +0.04%
377 WBA Webster Limited 0.04% 0.00%
378 FPH Fisher & Paykel Healthcare Corporation Limited NZX 0.04% 0.00%
379 ALK Alkane Resources Limited 0.04% -0.02%
380 EVT Event Hospitality And Entertainment LTD 0.04% +0.01%
381 MVP Medical Developments International Limited 0.04% +0.03%
382 CZZ Capilano Honey Limited 0.04% -0.01%
383 RAP Resapp Health Limited 0.03% -0.02%
384 UNS Unilife Corporation Cdi 60:1 0.03% 0.00%
385 CKF Collins Foods Limited 0.03% 0.00%
386 IFM Infomedia LTD 0.03% 0.00%
387 STX Strike Energy Limited 0.03% 0.00%
388 AGO Atlas Iron Limited 0.03% +0.01%
389 XRO Xero Limited NZX 0.03% -0.01%
390 FSF Fonterra Shareholders' Fund Unit NZX 0.03% 0.00%
391 PAN Panoramic Resources Limited 0.03% 0.00%
392 UGL UGL Limited 0.03% 0.00%
393 HUB HUB24 Limited 0.03% -0.01%
394 VHY Vanguard Australian Shares High Yield Etf Etf Units 0.02% +0.02%
395 APE Ap Eagers Limited 0.02% -0.01%
396 HGO Hillgrove Resources Limited 0.02% +0.02%
397 APZ Aspen Group Stapled 0.02% +0.02%
398 PWH PWR Holdings Limited 0.02% 0.00%
399 GRR Grange Resources Limited 0.02% 0.00%
400 MVF Monash Ivf Group Limited 0.02% 0.00%
401 ORA Orora Limited 0.02% -0.01%
402 MBE Mobile Embrace Limited 0.02% +0.01%
403 NHC New Hope Corporation Limited 0.02% 0.00%
404 VET Vocation Limited 0.02% 0.00%
405 MLD Maca Limited 0.01% 0.00%
406 ANG Austin Engineering Limited 0.01% 0.00%
407 STW SPDR S&p/asx 200 Fund Etf Units 0.01% 0.00%
408 RFF Rural Funds Group Stapled 0.01% 0.00%
409 WAF West African Resources Limited 0.01% 0.00%
410 EMC Emefcy Group Limited 0.01% 0.00%
411 MCP Mcpherson's Limited 0.01% 0.00%
412 PAC Pacific Current Group Limited 0.01% +0.01%
413 AKP Audio Pixels Holdings Limited 0.01% 0.00%
414 SOL Washington H Soul Pattinson & Company Limited 0.01% 0.00%
415 BEAR Beta BEAR Exchange Traded Fund Units Fully Paid 0.01% +0.01%
416 RHL Ruralco Holdings Limited 0.01% 0.00%
417 LOM Lucapa Diamond Company Limited 0.01% -0.01%
418 GNE Genesis Energy Limited NZX 0.01% +0.01%
419 TAR Taruga Gold Limited 0.01% 0.00%
420 SLF SPDR S&p/asx 200 Listed Property Fund Etf Units 0% 0.00%
421 LOV Lovisa Holdings Limited 0% 0.00%
422 CDP Carindale Property Trust Unit 0% 0.00%
423 CTP Central Petroleum Limited 0% 0.00%
424 ILC Ishares S&p/asx 20 Etf Ishlgecap 0% 0.00%
425 ASL Ausdrill Limited 0% 0.00%
426 MLB Melbourne IT Limited 0% 0.00%
427 HFA HFA Holdings Limited 0% 0.00%
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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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