Bearish bets: Short interest returns to growth stocks, reporting season winners and losers
Struggling growth companies like City Chic, Zip and Appen are on seeing an uptick in short interest.
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Mentioned
KEY POINTS
- City Chic is the only stock that has moved into the top 10 most shorted short list
- Inghams, Hub24 and Sims are among the reporting season winners/losers appearing on the list of short decliners
- Struggling growth companies such as City Chic, Zip and Appen are on the list of short risers
Welcome back to another Short Seller Series. We're taking a look at everything this week including the most shorted stocks and those with a notable rise/fall in short interest.
The data will reference short interest changes between Monday 27 February and Monday 6 March.
Most shorted stocks
City Chic (ASX: CCX) was the only stock to move into the top 10 which pushed PointsBet (ASX: PBH) out. City Chic shares are down approximately 93% from October 2021 all-time highs but surprisingly positive year-to-date, up 3.7%.
Ticker | Company | Short | Last week | vs. prev |
|---|---|---|---|---|
FLT | Flight Centre | 11.99% | 11.41% | 0.58% |
BET | Betmakers | 11.59% | 11.76% | -0.17% |
SYA | Sayona Mining | 10.67% | 10.69% | -0.02% |
CXO | Core Lithium | 10.13% | 9.89% | 0.24% |
MP1 | Megaport | 9.33% | 9.35% | -0.02% |
ZIP | Zip Co | 9.07% | 7.74% | 1.33% |
LTR | Liontown Resources | 8.08% | 7.71% | 0.37% |
CCX | City Chic | 7.26% | 5.84% | 1.42% |
LKE | Lake Resources | 6.88% | 6.89% | -0.01% |
VUL | Vulcan Energy Resources | 6.82% | 6.89% | -0.07% |
Short decliners
The below table refers to stocks experiencing the largest % decline short interest compared to a week ago. There's quite a few reporting season winners/losers appearing on the list (% change on results day):
+11.7% Inghams (day after results)
+7.7% Hub24
+7.1% Sims
-6.75% Sandfire Resources
-9.4% PointsBet
-17.1% Platinum Asset Management
-23.8% Domino's Pizza
Ticker | Company | Short | Last week | vs. prev |
|---|---|---|---|---|
DMP | Domino's Pizza | 3.93% | 4.97% | -1.04% |
PTM | Platinum Asset Management | 1.26% | 2.12% | -0.86% |
RWC | Reliance Worldwide | 2.44% | 3.06% | -0.62% |
HUB | HUB24 | 1.40% | 2.00% | -0.60% |
ING | Inghams Group Ltd | 3.33% | 3.91% | -0.58% |
SVL | Silver Mines | 0.89% | 1.45% | -0.56% |
SGM | Sims | 3.20% | 3.74% | -0.54% |
PBH | Pointsbet | 6.57% | 7.10% | -0.53% |
NMT | Neometals | 2.94% | 3.42% | -0.48% |
SFR | Sandfire Resources | 1.76% | 2.16% | -0.40% |
NIC | Nickel Industries | 2.79% | 3.18% | -0.39% |
Short risers
The below table refers to stocks experiencing the largest % increase short interest compared to a week ago. Thematically, the list has plenty of struggling growth names such as City Chic, Zip, Appen, Redbubble and EML Payments.
Ticker | Company | Short | Prev | vs. prev |
|---|---|---|---|---|
CCX | City Chic Collective | 7.26% | 5.84% | 1.42% |
ZIP | Zip Co | 9.07% | 7.74% | 1.33% |
ACL | Australian Clinical Labs | 6.02% | 4.71% | 1.31% |
CIP | Centuria Industrial REIT | 5.25% | 4.09% | 1.16% |
INA | Ingenia Communities | 3.21% | 2.17% | 1.04% |
APX | Appen | 3.27% | 2.33% | 0.94% |
RBL | Redbubble | 3.89% | 2.97% | 0.92% |
EML | EML Payments | 5.72% | 4.88% | 0.84% |
RED | RED 5 | 3.82% | 3.03% | 0.79% |
JRV | Jervois Global | 4.30% | 3.70% | 0.60% |
