Short Selling

Short Selling: Lithium and battery metal shorts linger, Peninsula Energy shorters vanish

Tue 30 Jan 24, 1:00pm (AEST)
Slow 3 Red Traffic Light Stop
Source: Shutterstock

Key Points

  • A relatively uneventful week in terms of change in short interest
  • Pilbara Minerals, Syrah Resources and Core Lithium remain the most shorted stocks on the ASX
  • Shorts in Peninsula Energy and Liontown unwind

Welcome back to the Short Seller Series – A recap of the most heavily shorted stocks on the ASX as well as those experiencing significant changes to short interest over the past week.

Short selling data is four days behind today's date because reporting is not mandatory until three business days after the trade. The tables below compare week-on-week (WoW % Chg) short interest changes between 16 and 19 January 2024 (shortened due to Australia Day). The rising and falling short interest ranks stocks based on largest WoW change.


The most shorted stocks

Ticker

Company

Short %

Prev Week

WoW % Chg

PLS

Pilbara Minerals

21.19%

21.42%

-0.23%

SYR

Syrah Resources

16.36%

15.70%

0.66%

CXO

Core Lithium

12.62%

12.78%

-0.16%

SYA

Sayona Mining

11.37%

10.89%

0.48%

IEL

Idp Education

10.22%

10.57%

-0.35%

GMD

Genesis Minerals

8.97%

8.92%

0.05%

DYL

Deep Yellow

8.67%

8.54%

0.13%

WBT

Weebit Nano

8.48%

8.37%

0.11%

FLT

Flight Centre

8.35%

8.40%

-0.05%

CHN

Chalice Mining

6.79%

6.62%

0.17%


The most shorted stocks remain relatively unchanged week-on-week and focused around lithium and battery metals, with a side of uranium and travel.


Stocks with rising short interest

Ticker

Company

Short %

Prev Week

WoW % Chg

APX

Appen Ltd

6.25%

5.31%

0.94%

A200

Betashares Australia 200 ETF

1.58%

0.88%

0.70%

SYR

Syrah Resources

16.36%

15.70%

0.66%

NUF

Nufarm

4.91%

4.37%

0.54%

ARU

Arafura Rare Earths

4.58%

4.07%

0.51%

ILU

Iluka Resources

3.02%

2.52%

0.50%

BAP

Bapcor

1.23%

0.74%

0.49%

SYA

Sayona Mining

11.37%

10.89%

0.48%

VNT

Ventia Services Group

0.98%

0.55%

0.43%

IDX

Integral Diagnostics

3.94%

3.54%

0.40%


Where are shorters covering

Ticker

Company

Short %

Prev Week

WoW % Chg

PEN

Peninsula Energy

0.12%

5.67%

-5.55%

LTR

Liontown Resources

5.83%

8.43%

-2.60%

IOZ

iShares Core S&P/ASX 200 ETF

0.26%

1.83%

-1.57%

SGR

The Star Entertainment

1.51%

2.72%

-1.21%

ABY

Adore Beauty Group

1.49%

2.03%

-0.54%

RMD

Resmed

1.08%

1.59%

-0.51%

IEL

Idp Education

10.22%

10.57%

-0.35%

 

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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