Short Selling

The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 50

Tue 17 Dec 24, 2:50pm (AEDT)
A hard-rock nugget of uranium ore is juxtaposed against a black background
Source: iStock

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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 will compare:

  • Week-on-week changes between 3 and 10 December 2024

  • Month-on-month changes between 12 November and 10 December 2024 (for most shorted only)

Most shorted

Code

Company

Short

Week Mvt

Monthly movement

PDN

Paladin Energy Ltd

15.66%

0.19%

-0.22%

BOE

Boss Energy Ltd

14.38%

0.22%

-1.05%

PLS

Pilbara Minerals Ltd

13.51%

1.45%

-4.13%

SYR

Syrah Resources Ltd

13.18%

0.13%

-0.07%

IEL

Idp Education Ltd

12.83%

-0.01%

-1.83%

MIN

Mineral Resources Ltd

12.15%

0.04%

0.20%

DMP

Domino's PIZZA Enterprises Ltd

11.24%

0.42%

1.82%

DYL

Deep Yellow Ltd

10.61%

0.07%

0.73%

LIC

Lifestyle Communities Ltd

10.52%

2.13%

2.71%

LYC

Lynas Rare EARTHS Ltd

9.24%

0.28%

-0.21%

Key takeaways

  • Short interest in uranium continues. The inclusion of Paladin Energy and Boss Energy as the most and second-most shorted positions reflects the changing outlook for uranium. Paladin recently lowered its FY25 guidance and some market commentators believe that Boss Energy’s costs would be higher than expected in the coming year.

  • Lifestyle Communities has seen substantial activity in recent weeks with Macquarie selling its position to HMC Capital, while BlackRock reduced its holding in the company. The business has faced a range of challenges post negative media attention and a case in the Victorian Civil and Administrative Tribunal. Co-founder and managing director James Kelly is expected to retire by the end of the year.

Rising shorts

Code

Company

Short

Week Mvt

LIC

Lifestyle Communities Ltd

10.52%

2.13%

PLS

Pilbara Minerals Ltd

13.51%

1.45%

SVL

Silver Mines Ltd

2.24%

1.39%

MP1

Megaport Ltd

7.62%

1.12%

PTM

Platinum Asset Management Ltd

1.39%

0.86%

SGR

The Star Entertainment Group Ltd

6.04%

0.74%

AUE

Aurum Resources Ltd

0.85%

0.64%

CIA

Champion Iron Ltd

6.07%

0.60%

BPT

Beach Energy Ltd

1.73%

0.50%

DMP

Domino's PIZZA Enterprises Ltd

11.24%

0.42%

Key takeaways

  • Megaport has been punished by investors on its announcements of flat EBITDA growth and a lack of upgrade to FY25 guidance despite the company being tipped to benefit heavily from AI. The company was also recently downgraded by Goldman Sachs to NEUTRAL from Buy.

  • Takeover talks between Regal Partners (ASX: RPL) and Platinum Asset Management (ASX: PTM) failed last week and shares sank to a new low after it paid a special dividend on Thursday. Bell Potter changed its recommendation to Sell.

Most covered

Code

Company

Short

Week Mvt

IDX

Integral Diagnostics Ltd

3.54%

-1.07%

NUF

Nufarm Ltd

3.11%

-0.87%

NHF

Nib Holdings Ltd

2.78%

-0.87%

SBM

ST Barbara Ltd

2.19%

-0.83%

SPR

Spartan Resources Ltd

1.65%

-0.76%

LOV

Lovisa Holdings Ltd

4.12%

-0.60%

PPT

Perpetual Ltd

1.78%

-0.60%

GWA

GWA Group Ltd

0.19%

-0.59%

SHV

Select Harvests Ltd

2.68%

-0.51%

LTR

Liontown Resources Ltd

9.24%

-0.42%

Key takeaways

  • Integral Diagnostics' fortunes have improved after the company cleared an ACCC hurdle for a merger with Capitol Health, with brokers like Jarden Research positive on the merger.

  • Spartan Resources received approval for its underground gold mining at Dalgaranga in the past few weeks and subsequently raised $220 million in commitments from institutional investors to fast-track operations. It also recently offloaded non-core operations to Benz Mining.

 

Written By

Sara Allen

Content Editor

Sara is a Content Editor at Livewire Markets and Market Index. She is a passionate writer and reader with more than a decade of experience specific to finance and investments. Sara's background has included working at ETF Securities, BT Financial Group and Macquarie Group. She also holds a degree in psychology which drives a continued fascination with how human behaviour drives and is driven by investments and market activity.

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