The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 17
Short interest is easing across several resource names amid stabilising iron ore prices, soaring gold and tin prices.
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Mentioned
KEY POINTS
- Pilbara Minerals, IDP Education and Syrah Resources remain the top three most shorted stocks on the ASX
- Pilbara Minerals' short interest has ticked higher towards record levels
- Short interest is easing across several resource names amid stabilising iron ore prices, soaring gold and tin prices and a recovery among coal equities
Welcome back to the Short Seller Series – A recap of the most heavily shorted stocks on the ASX and 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) changes between 9 and 16 April
Month-on-month (MoM % Chg) changes between 12 March and 9 April
Most Shorted
Ticker | Company | Short % | WoW % Chg | MoM % Chg |
|---|---|---|---|---|
Pilbara Minerals | 21.48% | 0.91% | 1.41% | |
Idp Education | 14.96% | 0.29% | 2.05% | |
Syrah Resources | 13.52% | -0.81% | -3.71% | |
Flight Centre | 11.10% | 0.09% | 0.33% | |
Liontown Resources | 10.23% | 0.16% | 0.26% | |
Core Lithium | 8.30% | -0.06% | 0.27% | |
Bank of Queensland | 8.21% | 0.97% | 1.33% | |
Sayona Mining | 7.90% | 0.72% | 0.52% | |
Weebit Nano | 7.43% | 0.27% | 0.51% | |
Lifestyle Communities | 7.33% | 0.09% | 0.09% |
Key themes and takeaways:
The top five most shorted stocks remain unchanged compared to last week
Pilbara Minerals' short interest has ticked up to 21.48% from 20.59% at the beginning of the month. The company reported its March quarter result last Friday. Despite resilient production and cost performance, the market was concerned about its lower cash position and provisional pricing adjustments which impacted cash flow. Analysts from JPMorgan, Morgans and CSLA all downgraded the stock (mostly from Neutral to Underperform/Sell)
Rising Shorts
Ticker | Company | Short % | WoW % Chg | MoM % Chg |
|---|---|---|---|---|
The Star Entertainment | 4.36% | 2.39% | 2.54% | |
Nanosonics | 5.74% | 1.49% | -0.20% | |
Chalice Mining | 6.94% | 1.16% | 0.71% | |
Westgold Resources | 4.98% | 1.12% | 1.50% | |
Elders | 4.89% | 1.02% | 1.72% | |
Bank of Queensland | 8.21% | 0.97% | 1.33% | |
Domino's Pizza | 4.18% | 0.94% | -0.06% | |
Pilbara Minerals | 21.48% | 0.91% | 1.41% | |
EML Payments | 3.04% | 0.85% | 0.69% | |
Corporate Travel | 3.56% | 0.84% | 0.94% | |
Sayona Mining | 7.90% | 0.72% | 0.52% | |
Charter Hall | 2.37% | 0.68% | 0.52% | |
Rio Tinto | 4.31% | 0.65% | 0.82% | |
Healius | 5.16% | 0.62% | 0.78% | |
Graincorp | 1.09% | 0.57% | 0.41% |
Short interest is ticking higher across a number of themes:
Regulatory risks (Star Entertainment and its AUSTRAC/NSW inquiry)
Recent earnings/trading update losers (Nanosonics, Elders, Domino's Pizza, Corporate Travel, Healius and more)
Battery metals (Chalice, Pilbara Minerals, Sayona)
Most Covered
Short interest is easing across several resource names amid a bounce in iron ore, soaring gold and tin prices as well as a recovery for coal miners.
Ticker | Company | Short % | WoW % Chg | MoM % Chg |
|---|---|---|---|---|
Champion Iron | 1.33% | -1.31% | -1.13% | |
Genesis Minerals | 6.65% | -0.82% | -1.46% | |
Syrah Resources | 13.52% | -0.81% | -3.71% | |
Red 5 | 1.26% | -0.73% | -0.78% | |
Block Inc | 1.85% | -0.72% | -0.38% | |
Whitehaven Coal | 1.22% | -0.57% | -0.13% | |
29Metals | 3.10% | -0.51% | 0.56% | |
Metals X | 0.29% | -0.46% | -0.55% | |
Resmed | 0.63% | -0.44% | -0.32% | |
Harvey Norman | 3.84% | -0.43% | -0.57% | |
Seven Group | 0.97% | -0.42% | -0.50% |
