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: 09 Jul 2019
| Code | Company | Short | Week Mvt | Days to Cover | |
|---|---|---|---|---|---|
| 1 | SYR | Syrah Resources | 19.58% | +0.64% | 21.9 |
| 2 | NUF | Nufarm Limited | 17.98% | +1.12% | 32.5 |
| 3 | ING | Inghams Group | 16.18% | -0.92% | 35.3 |
| 4 | BAL | Bellamy's Australia | 15.67% | +0.97% | 16.5 |
| 5 | ORE | Orocobre Limited | 15.17% | +0.65% | 30.0 |
| 6 | NXT | NEXTDC Limited | 14.35% | -0.39% | 39.9 |
| 7 | GXY | Galaxy Resources | 14.33% | +0.52% | 18.3 |
| 8 | JBH | JB Hi-Fi Limited | 13.65% | +0.30% | 16.8 |
| 9 | BWX | BWX Limited | 12.56% | -0.03% | 37.3 |
| 10 | DMP | Domino PIZZA Enterpr | 10.92% | -0.01% | 16.8 |
| 11 | BIN | Bingo Industries Limited | 10.84% | -0.25% | 45.3 |
| 12 | PLS | Pilbara Min Limited | 10.69% | +0.08% | 19.2 |
| 13 | MTS | Metcash Limited | 10.57% | +0.57% | 26.1 |
| 14 | BGA | Bega Cheese Limited | 9.77% | +0.11% | 22.3 |
| 15 | HUB | HUB24 Limited | 9.52% | +0.26% | 15.5 |
| 16 | HVN | Harvey Norman | 9.37% | -0.01% | 46.4 |
| 17 | RWC | Reliance Worldwide | 9.24% | +0.42% | 14.3 |
| 18 | SGM | Sims Metal MGMT Limited | 8.99% | -0.24% | 28.9 |
| 19 | IFL | IOOF Holdings Limited | 8.97% | -0.13% | 24.2 |
| 20 | SDA | Speedcast Int Limited | 8.96% | -0.35% | 5.0 |
| 21 | IVC | Invocare Limited | 8.92% | -0.08% | 28.1 |
| 22 | CGC | Costa Group Holdings | 8.85% | +0.34% | 14.8 |
| 23 | PPT | Perpetual Limited | 8.7% | -0.09% | 23.0 |
| 24 | CSR | CSR Limited | 8.26% | -0.41% | 18.6 |
| 25 | BKL | Blackmores Limited | 8.07% | -0.38% | 26.4 |
| 26 | KGN | Kogan.com Limited | 7.86% | +0.21% | 20.4 |
| 27 | SUL | Super Ret Rep Limited | 7.86% | -0.26% | 22.1 |
| 28 | AMP | AMP Limited | 7.62% | -0.05% | 8.1 |
| 29 | BOQ | Bank of Queensland | 7.5% | +0.19% | 26.8 |
| 30 | WSA | Western Areas Limited | 7.44% | +0.77% | 11.0 |
| 31 | MYR | Myer Holdings Limited | 7.26% | +0.11% | 47.0 |
| 32 | CGF | Challenger Limited | 7.18% | +0.14% | 24.3 |
| 33 | DCN | Dacian Gold Limited | 6.74% | -0.63% | 2.1 |
| 34 | QIN | Quintis Limited | 6.7% | 0.00% | 0.0 |
| 35 | ELD | Elders Limited | 6.57% | +0.17% | 27.4 |
| 36 | A2M | The a2 Milk Company | 6.51% | +0.05% | 16.2 |
| 37 | GMA | Genworth Mortgage | 6.38% | +0.13% | 52.6 |
| 38 | NEC | Nine Entertainment | 6.36% | +0.14% | 11.0 |
| 39 | GWA | GWA Group Limited | 6.03% | -0.03% | 29.2 |
| 40 | MSB | Mesoblast Limited | 5.67% | -0.09% | 20.0 |
| 41 | COE | Cooper Energy Limited | 5.64% | +0.08% | 23.5 |
| 42 | SXY | SENEX Energy Limited | 5.63% | +0.02% | 25.8 |
| 43 | LNG | Liquefied Natural | 5.46% | +0.01% | 38.6 |
| 44 | CLQ | Clean TEQ Holdings Limited | 5.34% | +0.06% | 20.7 |
| 45 | CTD | Corp Travel Limited | 5.22% | -0.12% | 15.4 |
| 46 | RSG | Resolute Mining | 4.98% | -0.18% | 3.8 |
| 47 | OML | Ooh!Media Limited | 4.94% | -0.27% | 7.8 |
| 48 | CLH | Collection House | 4.91% | 0.00% | 21.9 |
| 49 | AWC | Alumina Limited | 4.86% | +0.30% | 14.9 |
| 50 | SFR | Sandfire Resources | 4.83% | +0.81% | 6.8 |
| 51 | SEK | Seek Limited | 4.74% | +0.07% | 11.2 |
| 52 | BEN | Bendigo and Adelaide | 4.59% | -0.25% | 28.2 |
| 53 | MLX | Metals X Limited | 4.56% | +0.05% | 24.5 |
| 54 | ARB | ARB Corporation | 4.52% | -0.20% | 20.4 |
| 55 | FLT | Flight Centre Travel | 4.52% | -0.07% | 12.3 |
| 56 | HT1 | HT&E Limited | 4.51% | -0.02% | 40.9 |
| 57 | RIO | RIO Tinto Limited | 4.48% | +0.01% | 12.1 |
| 58 | KAR | Karoon Energy Limited | 4.48% | -0.08% | 12.7 |
| 59 | GOR | Gold Road Res Limited | 4.25% | +0.10% | 10.8 |
| 60 | ALG | Ardentleisuregrpltd | 4.2% | -0.05% | 51.4 |
| 61 | WHC | Whitehaven Coal | 4.14% | +0.21% | 5.7 |
| 62 | NCZ | New Century Resource | 4.09% | +0.18% | 8.9 |
| 63 | LOV | Lovisa Holdings Limited | 4.09% | +0.14% | 19.1 |
| 64 | RHC | Ramsay Health Care | 4.07% | +0.01% | 13.9 |
| 65 | TWE | Treasury Wine Estate | 4.07% | +0.01% | 12.0 |
| 66 | JHX | James Hardie Indust Chess Depositary Interests 1:1 | 4.04% | 0.00% | 16.2 |
| 67 | RRL | Regis Resources | 4.02% | +0.16% | 4.4 |
| 68 | NWL | Netwealth Group | 4.02% | +0.25% | 13.4 |
| 69 | WGX | Westgold Resources | 3.9% | -0.20% | 16.7 |
| 70 | SKI | Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib | 3.82% | -0.29% | 13.0 |
| 71 | IMF | IMF Bentham Limited | 3.79% | -0.11% | 14.2 |
| 72 | ECX | Eclipx Group Limited | 3.67% | -0.08% | 3.2 |
| 73 | MRM | Mmaoffshor | 3.67% | 0.00% | 124.3 |
| 74 | PGH | Pact Group Holdings Limited | 3.56% | +0.22% | 11.7 |
| 75 | AAC | Australian Agricult | 3.54% | -0.03% | 61.7 |
| 76 | MIN | Mineral Resources | 3.53% | -0.43% | 6.3 |
| 77 | CAR | Carsales.com Limited | 3.47% | +0.01% | 12.6 |
| 78 | GEM | G8 Education Limited | 3.36% | +0.64% | 2.7 |
| 79 | WGN | Wagners HLD Company | 3.31% | +0.54% | 2.1 |
| 80 | GNC | Graincorp Limited Class A | 3.27% | +0.40% | 8.7 |
| 81 | CCP | Credit Corp Group | 3.26% | -0.01% | 12.3 |
| 82 | NAN | Nanosonics Limited | 3.18% | -0.20% | 8.6 |
| 83 | PNI | Pinnacle Investment | 3.18% | +0.33% | 11.3 |
| 84 | SEA | Sundance Energy | 3.13% | +0.63% | 7.3 |
| 85 | NCK | Nick Scali Limited | 3.12% | +0.01% | 20.5 |
| 86 | ALX | Atlas Arteria FP Ordinary Stapled Securities | 3.04% | -0.13% | 11.2 |
| 87 | SLC | Superloop Limited | 3% | +0.06% | 6.2 |
| 88 | ASL | Ausdrill Limited | 2.87% | -0.23% | 3.8 |
| 89 | EHE | Estia Health Limited | 2.87% | +0.05% | 7.5 |
| 90 | BHP | BHP Group Limited | 2.86% | -0.04% | 21.1 |
| 91 | SAR | Saracen Mineral | 2.79% | +0.04% | 4.4 |
| 92 | NWS | News Corp Class B Voting Common Stock-Cdi 1:1 | 2.78% | -0.41% | 12.6 |
| 93 | JIN | Jumbo Interactive | 2.75% | +0.18% | 5.1 |
| 94 | TNE | Technology One | 2.74% | +0.16% | 11.2 |
| 95 | MLD | Maca Limited | 2.74% | -0.04% | 28.8 |
| 96 | SVW | Seven Group Holdings | 2.73% | -0.37% | 24.3 |
| 97 | APT | Afterpay Touch | 2.66% | -0.10% | 3.5 |
| 98 | WOR | Worleyparsons Limited | 2.6% | +0.11% | 12.1 |
| 99 | TGR | Tassal Group Limited | 2.58% | -0.02% | 9.1 |
| 100 | INR | Ioneer Limited | 2.53% | -0.11% | 5.5 |
| 101 | REA | REA Group | 2.51% | +0.02% | 20.0 |
| 102 | TAH | Tabcorp Holdings Limited | 2.46% | 0.00% | 12.3 |
| 103 | FMG | Fortescue Metals Group | 2.46% | +0.29% | 5.7 |
| 104 | MYX | Mayne Pharma Limited | 2.43% | +0.27% | 10.5 |
| 105 | CUV | Clinuvel Pharmaceut | 2.43% | +0.57% | 5.4 |
| 106 | LLC | Lendlease Group FP Ordinary/Units Stapled Securities | 2.42% | -0.04% | 8.7 |
| 107 | PNC | Pioneer Credit Limited | 2.39% | +0.01% | 8.8 |
| 108 | DHG | Domain Holdings Aus | 2.38% | -0.24% | 10.0 |
| 109 | EVN | Evolution Mining Limited | 2.33% | -0.04% | 5.6 |
| 110 | JHG | Janus Henderson Chess Depositary Interests 1:1 | 2.29% | +0.59% | 4.8 |
| 111 | PTM | Platinum Asset | 2.28% | -0.07% | 5.8 |
| 112 | SKC | Skycity Ent Group Limited Foreign Exempt NZX | 2.24% | -0.02% | 36.3 |
| 113 | ANN | Ansell Limited | 2.23% | -0.06% | 5.8 |
| 114 | CMW | Cromwell Prop FP Ordinary/Units Stapled Securities | 2.2% | +0.15% | 9.2 |
| 115 | SNZ | Summerset Group Holdings Foreign Exempt NZX | 2.19% | 0.00% | 1,116.7 |
| 116 | AOG | Aveo Group FP Ordinary/Units Stapled Securities | 2.17% | -0.14% | 6.6 |
| 117 | VOC | Vocus Group Limited | 2.15% | +0.20% | 6.2 |
| 118 | NST | Northern Star | 2.09% | +0.16% | 4.6 |
| 119 | EHL | Emeco Holdings | 2.07% | +0.17% | 4.1 |
| 120 | BAP | Bapcor Limited | 2.06% | +0.11% | 4.4 |
| 121 | JHC | Japara Healthcare LT | 2.06% | +0.05% | 5.4 |
| 122 | SPL | Starpharma Holdings | 2.05% | 0.00% | 24.1 |
| 123 | API | Australian Pharm | 2.01% | +0.05% | 11.2 |
| 124 | IPH | IPH Limited | 2% | +0.16% | 6.9 |
| 125 | WEB | Webjet Limited | 1.96% | +0.04% | 4.5 |
| 126 | ADI | Apn Industria REIT FP Ordinary/Units Stapled Securities | 1.96% | +0.25% | 21.7 |
| 127 | HLS | Healius | 1.95% | -0.01% | 9.6 |
| 128 | IPD | Impedimed Limited | 1.94% | +0.15% | 9.6 |
| 129 | CWN | Crown Resorts Limited | 1.93% | -0.07% | 8.7 |
| 130 | WTC | Wisetech Global Limited | 1.93% | -0.01% | 10.5 |
| 131 | FXL | Flexigroup Limited | 1.92% | +0.04% | 13.5 |
| 132 | IFN | Infigen Energy FP Ordinary/Units Stapled Securities | 1.89% | +0.01% | 8.1 |
| 133 | MGX | Mount Gibson Iron | 1.89% | -0.06% | 5.7 |
| 134 | AMC | Amcor Plc Cdi 1:1 Foreign Exempt NYSE | 1.86% | +0.14% | 4.6 |
| 135 | AHG | Automotive Holdings | 1.83% | -0.16% | 12.9 |
| 136 | LYC | Lynas Corporation | 1.8% | +0.33% | 2.2 |
| 137 | AMA | AMA Group Limited | 1.77% | -0.04% | 12.2 |
| 138 | CCL | Coca-Cola Amatil | 1.75% | +0.05% | 7.4 |
| 139 | NEA | Nearmap Limited | 1.69% | +0.31% | 1.3 |
| 140 | FNP | Freedom Food Limited | 1.69% | +0.26% | 6.1 |
| 141 | AJM | Altura Mining Limited | 1.67% | +0.14% | 10.1 |
| 142 | JMS | Jupiter Mines | 1.63% | -0.03% | 8.4 |
| 143 | QUB | QUBE Holdings Limited | 1.58% | -0.26% | 6.6 |
| 144 | SBM | ST Barbara Limited | 1.57% | +0.16% | 1.4 |
| 145 | FBU | Fletcher Building Foreign Exempt NZX | 1.56% | -0.01% | 18.5 |
| 146 | ABC | Adelaide Brighton | 1.56% | +0.14% | 8.9 |
| 147 | CL1 | Class Limited | 1.56% | -0.02% | 22.7 |
| 148 | NSR | National Storage FP Ordinary/Units Stapled Securities | 1.55% | -0.04% | 5.2 |
| 149 | ADH | Adairs Limited | 1.54% | -0.06% | 6.8 |
| 150 | AYS | Amaysim Aus Limited | 1.53% | -0.03% | 31.0 |
| 151 | DOW | Downer Edi Limited | 1.51% | -0.04% | 4.3 |
| 152 | OZL | OZ Minerals | 1.48% | -0.08% | 2.5 |
| 153 | WOW | Woolworths Group Limited | 1.47% | -0.05% | 11.0 |
| 154 | OSH | Oil Search Limited 10 Toea | 1.46% | +0.05% | 4.9 |
| 155 | BWP | BWP Trust Ordinary Units FP | 1.46% | -0.01% | 12.5 |
| 156 | ORG | Origin Energy | 1.45% | -0.04% | 7.6 |
| 157 | SOL | Soul Pattinson (W.H) | 1.44% | -0.02% | 10.4 |
| 158 | WES | Wesfarmers Limited | 1.43% | -0.13% | 7.7 |
| 159 | VEA | Viva Energy Group | 1.42% | +0.30% | 15.6 |
| 160 | GUD | G.U.D. Holdings | 1.42% | 0.00% | 3.9 |
| 161 | CPU | Computershare Limited | 1.42% | +0.09% | 4.9 |
| 162 | IRI | Integrated Research | 1.41% | -0.01% | 3.7 |
| 163 | AVN | Aventus Group FP Ordinary/Units Stapled Securities | 1.41% | +0.07% | 14.7 |
| 164 | RCR | RCR Tomlinson | 1.41% | -0.83% | 0.0 |
| 165 | IMD | IMDEX Limited | 1.41% | -0.08% | 5.8 |
| 166 | AGL | AGL Energy Limited | 1.4% | -0.14% | 5.8 |
| 167 | COL | Coles Group | 1.37% | -0.01% | 9.3 |
| 168 | MFG | Magellan Fin Group Limited | 1.35% | -0.01% | 4.2 |
| 169 | SLR | Silver Lake Resource | 1.34% | +0.14% | 3.0 |
| 170 | FAR | FAR Limited | 1.32% | -0.01% | 35.2 |
| 171 | WBC | Westpac Banking Corp | 1.31% | -0.06% | 11.5 |
| 172 | CQR | Charter Hall Retail Units FP | 1.3% | -0.40% | 6.7 |
| 173 | CTX | Caltex Australia | 1.25% | -0.01% | 1.8 |
| 174 | LNK | Link Admin HLDG | 1.25% | -0.09% | 1.5 |
| 175 | MPL | Medibank Private Limited | 1.24% | -0.02% | 5.6 |
| 176 | MND | Monadelphous Group | 1.21% | -0.01% | 7.5 |
| 177 | RFG | Retail Food Group | 1.18% | -0.05% | 0.9 |
| 178 | CBA | Commonwealth Bank | 1.17% | -0.02% | 9.4 |
| 179 | RFF | Rural Funds Group FP Units Stapled Securities | 1.14% | +0.14% | 5.5 |
| 180 | QBE | QBE Insurance Group | 1.14% | +0.14% | 5.4 |
| 181 | BLA | Blue Sky Limited | 1.14% | 0.00% | 0.0 |
| 182 | KDR | Kidman Resources Limited | 1.13% | -0.03% | 1.6 |
| 183 | PDL | Pendal Group Limited | 1.1% | +0.16% | 3.5 |
| 184 | SIG | Sigma Health Limited | 1.09% | +0.04% | 5.5 |
| 185 | AGI | Ainsworth Game Tech | 1.08% | 0.00% | 40.1 |
| 186 | REG | Regis Healthcare Limited | 1.02% | +0.10% | 11.7 |
| 187 | BPT | Beach Energy Limited | 1.01% | -0.02% | 3.6 |
| 188 | GRR | Grange Resources | 1.01% | +0.01% | 6.7 |
| 189 | MGR | Mirvac Group FP Ordinary/Units Stapled Securities | 0.98% | -0.12% | 3.8 |
| 190 | BUB | Bubs Aust Limited | 0.97% | -0.03% | 1.2 |
| 191 | SLK | Sealink Travel Group | 0.96% | +0.01% | 32.0 |
| 192 | DXS | Dexus FP Units Stapled Securities | 0.96% | 0.00% | 5.1 |
| 193 | SIV | Silver Chef Limited | 0.94% | 0.00% | 1.2 |
| 194 | LVT | Livetiles Limited | 0.94% | -0.03% | 1.6 |
| 195 | SGP | Stockland FP Ordinary/Units Stapled Securities | 0.93% | +0.16% | 1.9 |
| 196 | S32 | SOUTH32 Limited | 0.91% | +0.16% | 2.1 |
| 197 | EWC | Energy World Corpor | 0.91% | 0.00% | 25.8 |
| 198 | BLD | Boral Limited | 0.91% | +0.31% | 2.8 |
| 199 | NHF | Nib Holdings Limited | 0.88% | -0.20% | 5.0 |
| 200 | TPM | TPG Telecom Limited | 0.88% | -0.01% | 9.7 |
| 201 | SDF | Steadfast Group Limited | 0.88% | +0.07% | 3.5 |
| 202 | AZJ | Aurizon Holdings Limited | 0.86% | +0.05% | 2.1 |
| 203 | OFX | OFX Group Limited | 0.86% | 0.00% | 14.0 |
| 204 | MMS | Mcmillan Shakespeare | 0.85% | +0.03% | 3.0 |
| 205 | TCL | Transurban Group FP Ordinary/Units Stapled Securities | 0.84% | +0.14% | 5.0 |
| 206 | MQG | Macquarie Group Limited | 0.84% | -0.06% | 3.7 |
| 207 | SCP | Sca Property Group FP Units Stapled Securities | 0.83% | -0.13% | 3.2 |
| 208 | CIM | Cimic Group Limited | 0.82% | -0.08% | 5.0 |
| 209 | NCM | Newcrest Mining | 0.82% | -0.09% | 2.5 |
| 210 | SPK | Spark New Zealand Foreign Exempt NZX | 0.8% | 0.00% | 12.9 |
| 211 | BKW | Brickworks Limited | 0.8% | -0.03% | 5.8 |
| 212 | ALL | Aristocrat Leisure | 0.78% | +0.42% | 2.5 |
| 213 | SYD | SYD Airport FP Ordinary/Units Stapled Securities | 0.77% | -0.18% | 5.8 |
| 214 | MOC | Mortgage Choice Limited | 0.77% | -0.02% | 10.5 |
| 215 | AHY | Asaleo Care Limited | 0.76% | -0.02% | 8.5 |
| 216 | SHL | Sonic Healthcare | 0.76% | -0.04% | 5.5 |
| 217 | ISU | Iselect Limited | 0.76% | -0.04% | 39.9 |
| 218 | EXL | Elixinol Global | 0.75% | +0.52% | 0.8 |
| 219 | ALQ | Als Limited | 0.75% | +0.07% | 1.9 |
| 220 | ASX | ASX Limited | 0.74% | +0.03% | 3.7 |
| 221 | IEL | Idp Education Limited | 0.74% | -0.02% | 4.8 |
| 222 | CMA | Centuria Metro REIT Ordinary Units FP | 0.73% | -0.01% | 5.3 |
| 223 | WPL | Woodside Petroleum | 0.72% | -0.01% | 3.4 |
| 224 | NWSLV | News Corp Class A Non-Voting Common Stock-Cdi 1:1 | 0.72% | +0.01% | 0.0 |
| 225 | IAG | Insurance Australia | 0.72% | +0.15% | 5.9 |
| 226 | SSM | Service Stream | 0.71% | -0.05% | 1.6 |
| 227 | IRE | Iress Limited | 0.69% | +0.08% | 2.8 |
| 228 | AST | Ausnet Services Limited | 0.68% | -0.03% | 5.6 |
| 229 | CLW | CHTR H LWR FP Units Stapled Securities | 0.65% | +0.27% | 3.6 |
| 230 | PDN | Paladin Energy Limited | 0.65% | +0.09% | 2.3 |
| 231 | AVH | Avita Medical Limited | 0.65% | +0.20% | 6.9 |
| 232 | BSL | Bluescope Steel Limited | 0.64% | -0.31% | 1.2 |
| 233 | NWH | NRW Holdings Limited | 0.64% | -0.02% | 1.5 |
| 234 | SWM | Seven West Media Limited | 0.64% | -0.08% | 3.4 |
| 235 | MP1 | Megaport Limited | 0.63% | -0.02% | 3.2 |
| 236 | CYB | CYBG Plc Cdi 1:1 Foreign Exempt Lse | 0.62% | +0.08% | 2.0 |
| 237 | ORI | Orica Limited | 0.61% | -0.06% | 2.8 |
| 238 | GMG | Goodman Group FP Ordinary/Units Stapled Securities | 0.61% | +0.04% | 4.0 |
| 239 | BLX | Beacon Lighting Group | 0.61% | 0.00% | 9.9 |
| 240 | IGO | Independence Group | 0.6% | -0.06% | 1.8 |
| 241 | ANZ | ANZ Banking Group Limited | 0.6% | -0.02% | 3.4 |
| 242 | A2B | A2B Australia Limited | 0.59% | -0.27% | 14.0 |
| 243 | PNV | Polynovo Limited | 0.58% | -0.11% | 1.2 |
| 244 | OGC | Oceanagold Corp Chess Depositary Interest 1:1 | 0.58% | -1.16% | 0.8 |
| 245 | CVN | Carnarvon Petroleum | 0.57% | +0.10% | 1.2 |
| 246 | BRG | Breville Group Limited | 0.56% | +0.03% | 2.9 |
| 247 | SIQ | Smartgrp Corporation | 0.56% | +0.01% | 3.1 |
| 248 | SGR | The Star Ent Group | 0.55% | -0.32% | 1.7 |
| 249 | S2R | S2 Resources | 0.55% | 0.00% | 19.1 |
| 250 | WHA | Wattle Health Au Limited | 0.54% | 0.00% | 8.3 |
| 251 | GPT | GPT Group FP Ordinary/Units Stapled Securities | 0.53% | -0.02% | 2.1 |
| 252 | IPL | Incitec Pivot | 0.52% | -0.05% | 1.2 |
| 253 | SCG | Scentre Group FP Ordinary/Units Stapled Securities | 0.51% | +0.14% | 1.3 |
| 254 | OCC | Orthocell Limited | 0.51% | +0.11% | 0.8 |
| 255 | IAP | Investec Aust Prop Ordinary Units FP | 0.5% | +0.06% | 9.4 |
| 256 | MNY | MONEY3 Corporation | 0.5% | -0.01% | 8.5 |
| 257 | NHC | New Hope Corporation | 0.48% | +0.20% | 2.4 |
| 258 | CAN | Cann Group Limited | 0.47% | +0.05% | 2.0 |
| 259 | NAB | National Aust. Bank | 0.47% | -0.44% | 2.3 |
| 260 | AMI | Aurelia Metals Limited | 0.46% | +0.12% | 1.0 |
| 261 | ASB | Austal Limited | 0.46% | -0.08% | 0.9 |
| 262 | EOF | Ecofibre Limited | 0.46% | +0.05% | 0.9 |
| 263 | URW | Unibailrodawestfield Chess Depositary Interests 20:1 | 0.46% | -0.09% | 2.2 |
| 264 | COH | Cochlear Limited | 0.45% | +0.10% | 1.9 |
| 265 | PPS | Praemium Limited | 0.45% | +0.11% | 1.2 |
| 266 | STO | Santos Limited | 0.42% | -0.06% | 1.6 |
| 267 | QAN | Qantas Airways | 0.42% | -0.05% | 1.6 |
| 268 | TGA | Thorn Group Limited | 0.42% | -0.01% | 4.3 |
| 269 | CSL | CSL Limited | 0.41% | +0.06% | 3.5 |
| 270 | ACR | ACRUX Limited | 0.4% | 0.00% | 4.4 |
| 271 | SUN | Suncorp Group Limited | 0.4% | +0.02% | 1.8 |
| 272 | RMD | Resmed Inc Cdi 10:1 Foreign Exempt NYSE | 0.4% | -0.13% | 1.9 |
| 273 | BGL | Bellevue Gold Limited | 0.4% | -0.01% | 1.2 |
| 274 | VCX | Vicinity Centres FP Ordinary/Units Stapled Securities | 0.38% | +0.05% | 1.7 |
| 275 | BBN | Baby Bunting Group Limited | 0.37% | -0.03% | 1.0 |
| 276 | MYS | Mystate Limited | 0.37% | -0.02% | 5.5 |
| 277 | APA | APA Group FP Units Stapled Securities | 0.37% | +0.02% | 2.5 |
| 278 | ILU | Iluka Resources | 0.37% | -0.08% | 1.2 |
| 279 | PGC | Paragon Care Limited | 0.36% | +0.01% | 2.3 |
| 280 | ARQ | ARQ Group Limited | 0.36% | +0.01% | 0.7 |
| 281 | AD8 | Audinategroupltd | 0.36% | +0.13% | 1.5 |
| 282 | PRU | Perseus Mining Limited | 0.36% | -0.06% | 0.5 |
| 283 | AUB | AUB Group Limited | 0.36% | +0.01% | 2.9 |
| 284 | DDR | Dicker Data Limited | 0.35% | -0.06% | 3.2 |
| 285 | ORA | Orora Limited | 0.33% | -0.06% | 2.4 |
| 286 | SGF | SG Fleet Group Limited | 0.33% | +0.01% | 11.7 |
| 287 | MCR | Mincor Resources NL | 0.33% | 0.00% | 1.7 |
| 288 | Z1P | ZIP Co Limited | 0.33% | -0.01% | 1.0 |
| 289 | ALU | Altium Limited | 0.32% | +0.01% | 1.1 |
| 290 | ABP | Abacus Property Group FP Ordinary/Units Stapled Securities | 0.32% | +0.01% | 2.0 |
| 291 | CLA | Celsius Resource Limited | 0.32% | 0.00% | 0.3 |
| 292 | A40 | Alliance Mineral | 0.32% | +0.04% | 2.2 |
| 293 | AX1 | Accent Group Limited | 0.29% | 0.00% | 1.5 |
| 294 | NZM | NZME Limited Foreign Exempt NZX | 0.29% | +0.01% | 7.2 |
| 295 | GCY | Gascoyne Res Limited | 0.28% | 0.00% | 0.0 |
| 296 | RMS | Ramelius Resources | 0.28% | +0.17% | 0.5 |
| 297 | MAY | Melbana Energy Limited | 0.28% | 0.00% | 7.1 |
| 298 | VRT | Virtus Health Limited | 0.28% | +0.02% | 1.7 |
| 299 | FBR | FBR Limited | 0.26% | 0.00% | 1.5 |
| 300 | TRS | The Reject Shop | 0.25% | -0.16% | 1.8 |
| 301 | TLS | Telstra Corporation | 0.25% | -0.22% | 1.3 |
| 302 | SPT | Splitit | 0.25% | +0.25% | 0.3 |
| 303 | SHV | Select Harvests | 0.25% | +0.02% | 2.3 |
| 304 | APX | Appen Limited | 0.25% | -0.04% | 0.5 |
| 305 | ATL | Apollo Tourism | 0.25% | -0.02% | 2.2 |
| 306 | XRO | Xero Limited | 0.24% | -0.01% | 0.7 |
| 307 | HSN | Hansen Technologies | 0.24% | -0.02% | 1.0 |
| 308 | WPP | WPP AUNZ Limited | 0.24% | +0.06% | 6.4 |
| 309 | RVR | Red River Resources | 0.23% | -0.01% | 0.5 |
| 310 | ARU | Arafura Resource Limited | 0.23% | 0.00% | 0.6 |
| 311 | CQE | Charter Hall Edu TR Units FP | 0.22% | -0.01% | 2.6 |
| 312 | RDC | Redcape Hotel Group FP Units Stapled Securities | 0.22% | +0.01% | 7.8 |
| 313 | VVR | Viva Energy REIT FP Ordinary/Units Stapled Securities | 0.22% | -0.07% | 1.6 |
| 314 | MSV | Mitchell Services | 0.21% | +0.02% | 1.1 |
| 315 | PBH | Pointsbet Holdings | 0.21% | +0.03% | 0.3 |
| 316 | HPI | Hotel Property FP Ordinary/Units Stapled Securities | 0.21% | -0.09% | 2.0 |
| 317 | HFR | Highfield Res Limited | 0.2% | 0.00% | 3.2 |
| 318 | CDV | Cardinal Reso Limited | 0.2% | 0.00% | 0.9 |
| 319 | ISX | Isignthis Limited | 0.19% | +0.04% | 1.0 |
| 320 | CDD | Cardno Limited | 0.19% | 0.00% | 15.7 |
| 321 | XIP | Xenith IP Group Limited | 0.19% | +0.02% | 0.9 |
| 322 | VLT | Vault Intelligence | 0.19% | +0.02% | 0.2 |
| 323 | 3PL | 3P Learning Limited | 0.19% | 0.00% | 1.5 |
| 324 | AOF | Australian Unity Off Ordinary Units FP | 0.19% | 0.00% | 3.3 |
| 325 | MNF | MNF Group Limited | 0.18% | 0.00% | 2.1 |
| 326 | CNEW | Vaneck China New ETF Units FP | 0.18% | +0.18% | 0.0 |
| 327 | ERA | Energy Resources 'A' | 0.18% | 0.00% | 4.6 |
| 328 | ATS | Australis Oil & Gas | 0.18% | 0.00% | 2.3 |
| 329 | RBL | Redbubble Limited | 0.17% | 0.00% | 1.4 |
| 330 | CGL | The Citadel Group | 0.17% | +0.03% | 0.6 |
| 331 | DLX | Duluxgroup Limited | 0.17% | +0.06% | 0.5 |
| 332 | VTG | Vita Group Limited | 0.17% | +0.02% | 1.2 |
| 333 | MNS | Magnis Energy Tech | 0.17% | 0.00% | 2.3 |
| 334 | ZEN | Zenith Energy Limited | 0.16% | +0.03% | 0.7 |
| 335 | RHL | Ruralco Holdings | 0.16% | +0.01% | 1.9 |
| 336 | GBT | GBST Holdings | 0.15% | +0.02% | 0.4 |
| 337 | AIZ | Air New Zealand Foreign Exempt NZX | 0.15% | 0.00% | 34.4 |
| 338 | BXB | Brambles Limited | 0.15% | -0.08% | 0.6 |
| 339 | CKF | Collins Foods Limited | 0.15% | +0.08% | 0.6 |
| 340 | EPW | Erm Power Limited | 0.15% | -0.01% | 1.3 |
| 341 | BVS | Bravura Solution Limited | 0.15% | -0.03% | 0.3 |
| 342 | AXP | Airxpanders Inc Chess Depository Interests 1:3 | 0.14% | 0.00% | 0.0 |
| 343 | BOT | Botanix Pharma Limited | 0.14% | 0.00% | 0.1 |
| 344 | KSL | Kina Securities Limited | 0.14% | +0.01% | 0.5 |
| 345 | MOY | Millennium Min Limited | 0.14% | -0.01% | 1.0 |
| 346 | PAN | Panoramic Resources | 0.14% | +0.02% | 2.9 |
| 347 | EMR | Emerald Res NL | 0.13% | +0.12% | 1.2 |
| 348 | JLG | Johns LYNG Group | 0.13% | +0.01% | 0.9 |
| 349 | PMV | Premier Investments | 0.12% | -0.01% | 1.0 |
| 350 | RCW | Rightcrowd | 0.12% | +0.02% | 1.4 |
| 351 | RIC | Ridley Corporation | 0.12% | +0.03% | 2.8 |
| 352 | BD1 | BARD1 Life Sciences | 0.12% | 0.00% | 0.2 |
| 353 | MYL | Myanmar Metals | 0.12% | +0.02% | 2.0 |
| 354 | MHJ | Michael Hill Int | 0.12% | 0.00% | 2.9 |
| 355 | SKT | Sky Network | 0.11% | -0.02% | 1.3 |
| 356 | CWP | Cedar Woods Prop | 0.11% | -0.01% | 0.8 |
| 357 | EVT | Event Hospitality | 0.11% | -0.08% | 3.4 |
| 358 | IGL | Ivegroup | 0.11% | -0.01% | 0.3 |
| 359 | CAT | Catapult Group Int Limited | 0.11% | +0.02% | 0.5 |
| 360 | ARV | Artemis Resources | 0.11% | +0.01% | 0.7 |
| 361 | GOZ | Growthpoint Property FP Ordinary/Units Stapled Securities | 0.1% | -0.71% | 0.9 |
| 362 | CCV | Cash Converters | 0.1% | +0.01% | 0.1 |
| 363 | SRS | Spicers Limited | 0.1% | +0.02% | 0.0 |
| 364 | SRV | Servcorp Limited | 0.1% | 0.00% | 3.5 |
| 365 | BKY | Berkeley Energia Limited | 0.1% | 0.00% | 9.1 |
| 366 | AQZ | Alliance Aviation | 0.1% | +0.01% | 0.7 |
| 367 | PME | Pro Medicus Limited | 0.1% | -0.07% | 0.4 |
| 368 | RDF | Redflex Holdings | 0.1% | +0.02% | 2.0 |
| 369 | CNW | Cirrus Net Hold Limited | 0.09% | +0.04% | 0.9 |
| 370 | CWY | Cleanaway Waste Limited | 0.09% | -0.01% | 0.3 |
| 371 | REH | Reece Limited | 0.09% | +0.01% | 7.5 |
| 372 | PEA | Pacific Energy | 0.09% | +0.01% | 2.5 |
| 373 | STG | Straker Translations | 0.08% | +0.02% | 0.4 |
| 374 | TTT | Titomic Limited | 0.08% | 0.00% | 0.3 |
| 375 | EUC | European Cobalt Limited | 0.08% | +0.04% | 0.3 |
| 376 | AMS | Atomos | 0.08% | +0.08% | 0.5 |
| 377 | CEN | Contact Energy Limited Foreign Exempt NZX | 0.08% | +0.08% | 38.3 |
| 378 | BRB | Breaker Res NL | 0.08% | 0.00% | 0.4 |
| 379 | RHP | Rhipe Limited | 0.08% | +0.02% | 0.4 |
| 380 | SXL | STHN Cross Media | 0.08% | -0.01% | 0.4 |
| 381 | RVA | Reva Medical Inc Cdi 10:1 | 0.08% | 0.00% | 3.4 |
| 382 | AQG | Alacer Gold Corp Chess Depositary Interests 1:1 | 0.08% | +0.08% | 0.2 |
| 383 | LON | Longtable Group Limited | 0.08% | 0.00% | 0.8 |
| 384 | CHC | Charter Hall Group Stapled Securities US Prohibited | 0.08% | -0.02% | 0.3 |
| 385 | BSE | Base Res Limited | 0.08% | +0.01% | 0.4 |
| 386 | JRV | Jervois Mining | 0.07% | 0.00% | 0.9 |
| 387 | AKP | Audio Pixels Limited | 0.07% | 0.00% | 4.3 |
| 388 | VLW | Villa World Limited | 0.07% | 0.00% | 0.1 |
| 389 | VRL | Village Roadshow Limited | 0.07% | +0.02% | 1.5 |
| 390 | ELO | Elmo Software | 0.07% | -0.11% | 1.5 |
| 391 | BUD | Buddy Tech | 0.06% | +0.02% | 0.6 |
| 392 | OEL | Otto Energy Limited | 0.06% | 0.00% | 0.8 |
| 393 | FPH | Fisher & Paykel H Foreign Exempt NZX | 0.06% | 0.00% | 1.6 |
| 394 | SRG | SRG Global Limited | 0.06% | 0.00% | 0.4 |
| 395 | FLC | Fluence Corporation | 0.05% | 0.00% | 0.1 |
| 396 | EM1 | Emerge Gaming Limited | 0.05% | +0.02% | 0.1 |
| 397 | ICQ | Icar Asia Limited | 0.05% | 0.00% | 0.3 |
| 398 | EXP | Experience Co Limited | 0.05% | +0.02% | 2.1 |
| 399 | BYE | Byron Energy Limited | 0.05% | 0.00% | 0.5 |
| 400 | SEN | Senetas Corporation | 0.05% | 0.00% | 1.0 |
| 401 | GLN | Galan Lithium Limited | 0.05% | +0.05% | 0.2 |
| 402 | CDU | Cudeco Limited | 0.05% | 0.00% | 0.0 |
| 403 | DUB | Dubber Corp Limited | 0.05% | +0.01% | 0.1 |
| 404 | TGS | Tiger Resources | 0.04% | 0.00% | 0.0 |
| 405 | LTR | Liontown Resources | 0.04% | 0.00% | 0.1 |
| 406 | INA | Ingenia Group FP Ordinary/Units Stapled Securities | 0.04% | 0.00% | 0.1 |
| 407 | HUO | Huon Aquaculture Group | 0.04% | 0.00% | 0.4 |
| 408 | AIA | Auckland Internation Foreign Exempt NZX | 0.04% | 0.00% | 3.7 |
| 409 | PLL | Piedmont Lithium Limited | 0.04% | -0.03% | 0.4 |
| 410 | SMR | Stanmore Coal Limited | 0.04% | +0.04% | 0.3 |
| 411 | GWR | GWR Group Limited | 0.04% | 0.00% | 0.0 |
| 412 | CCX | City Chic Collective | 0.04% | +0.01% | 1.5 |
| 413 | OVH | Onevue Holdings Limited | 0.04% | 0.00% | 0.5 |
| 414 | LPI | Lithium PWR Int Limited | 0.04% | 0.00% | 0.4 |
| 415 | CRN | Coronado Global Res Cdi 10:1 US Prohibited Excluding QIB | 0.04% | 0.00% | 0.4 |
| 416 | LEP | Ale Property Group FP Ordinary/Units Stapled Securities | 0.04% | 0.00% | 0.8 |
| 417 | MVF | Monash Ivf Group Limited | 0.04% | 0.00% | 0.3 |
| 418 | HZN | Horizon Oil Limited | 0.04% | 0.00% | 1.5 |
| 419 | PET | Phoslock ENV Tec Limited | 0.04% | +0.01% | 0.1 |
| 420 | VVA | Viva Leisure Limited | 0.04% | +0.04% | 0.5 |
| 421 | TGN | Tungsten Min NL | 0.03% | 0.00% | 2.1 |
| 422 | RKN | Reckon Limited | 0.03% | 0.00% | 1.2 |
| 423 | DCG | Decmil Group Limited | 0.03% | 0.00% | 1.4 |
| 424 | 5GN | 5G Networks Limited | 0.03% | +0.01% | 0.0 |
| 425 | MVP | Medical Developments | 0.03% | -0.02% | 0.0 |
| 426 | WZR | Wisr Limited | 0.03% | +0.01% | 0.1 |
| 427 | FFG | Fatfish Blockchain | 0.03% | +0.03% | 0.0 |
| 428 | BIT | Biotron Limited | 0.03% | 0.00% | 0.0 |
| 429 | GSW | Getswift Limited | 0.03% | 0.00% | 0.1 |
| 430 | 2BE | Tubi Limited | 0.03% | +0.03% | 0.1 |
| 431 | ZEL | Z Energy Limited Foreign Exempt NZX | 0.03% | +0.01% | 2.4 |
| 432 | NXS | Next Science Limited | 0.03% | 0.00% | 0.1 |
| 433 | AC8 | Auscann Group HLGS Limited | 0.03% | -0.02% | 0.1 |
| 434 | FSF | Fonterra Share Fund Ordinary Units FP Foreign Exempt NZX | 0.03% | 0.00% | 2.6 |
| 435 | WAF | West African Res Limited | 0.03% | -0.01% | 0.1 |
| 436 | LCK | Leigh CRK Energy Limited | 0.03% | 0.00% | 0.1 |
| 437 | SLX | SILEX Systems | 0.02% | 0.00% | 0.1 |
| 438 | VOL | Victory Offices Limited | 0.02% | +0.02% | 0.2 |
| 439 | AUZ | Australian Mines Limited | 0.02% | 0.00% | 0.1 |
| 440 | BNO | Bionomics Limited | 0.02% | 0.00% | 0.3 |
| 441 | AVZ | AVZ Minerals Limited | 0.02% | 0.00% | 0.1 |
| 442 | 360 | LIFE360 Inc Cdi 3:1 US Person Prohibited Excluding QIB | 0.02% | 0.00% | 0.5 |
| 443 | PRT | Prime Media Group Limited | 0.02% | 0.00% | 0.3 |
| 444 | KRR | King River Resources | 0.02% | 0.00% | 0.3 |
| 445 | BMN | Bannerman Resources | 0.02% | 0.00% | 0.1 |
| 446 | ERF | Elanoretl Property FP Units Stapled Securities | 0.02% | +0.02% | 1.3 |
| 447 | NET | Netlinkz Limited | 0.02% | +0.02% | 0.1 |
| 448 | GGG | Greenland Minerals | 0.02% | 0.00% | 0.1 |
| 449 | EDE | Eden INV Limited | 0.02% | 0.00% | 0.0 |
| 450 | TLG | Talga Resources | 0.02% | +0.02% | 0.1 |
| 451 | LVH | Livehire Limited | 0.02% | 0.00% | 0.6 |
| 452 | LIT | Lithium Australia NL | 0.02% | -0.09% | 0.0 |
| 453 | EML | EML Payments Limited | 0.02% | -0.12% | 0.0 |
| 454 | PAR | Paradigm Bio | 0.02% | 0.00% | 0.0 |
| 455 | PGM | Platina Resources | 0.02% | 0.00% | 0.1 |
| 456 | PPE | Peopleinfrastructure | 0.02% | +0.02% | 0.1 |
| 457 | LNU | Linius Tech Limited | 0.01% | 0.00% | 0.3 |
| 458 | MEI | Meteoric Resources | 0.01% | 0.00% | 0.1 |
| 459 | BLT | Benitec Biopharma | 0.01% | +0.01% | 0.2 |
| 460 | GTN | GTN Limited | 0.01% | 0.00% | 0.9 |
| 461 | MOE | Moelis Australia Limited | 0.01% | 0.00% | 1.0 |
| 462 | OMH | Om Holdings Limited 10c | 0.01% | -0.01% | 0.8 |
| 463 | SVL | Silver Mines Limited | 0.01% | 0.00% | 0.0 |
| 464 | PEX | Peel Mining Limited | 0.01% | +0.01% | 0.2 |
| 465 | TER | Terracom Limited | 0.01% | 0.00% | 1.2 |
| 466 | CIA | Champion Iron Limited | 0.01% | +0.01% | 0.2 |
| 467 | TOE | Toro Energy Limited | 0.01% | 0.00% | 0.6 |
| 468 | IFM | Infomedia Limited | 0.01% | 0.00% | 0.1 |
| 469 | FWD | Fleetwood Corp | 0.01% | 0.00% | 0.3 |
| 470 | GDI | GDI Property Group FP Ordinary/Units Stapled Securities | 0.01% | -0.01% | 0.1 |
| 471 | EBO | Ebos Group Limited | 0.01% | 0.00% | 7.3 |
| 472 | PWH | PWR Holdings Limited | 0.01% | 0.00% | 0.1 |
| 473 | NGI | Navigator Global Limited | 0.01% | 0.00% | 0.1 |
| 474 | APE | AP Eagers Limited | 0.01% | 0.00% | 0.2 |
| 475 | PEN | Peninsula Energy Limited | 0.01% | -0.01% | 0.0 |
| 476 | CNU | Chorus Limited Foreign Exempt NZX | 0.01% | -0.01% | 0.1 |
| 477 | VHT | Volpara Health Tech | 0.01% | -0.02% | 0.0 |
| 478 | WBA | Webster Limited | 0.01% | 0.00% | 0.5 |
| 479 | HE8 | Helios Energy Limited | 0.01% | 0.00% | 0.5 |
| 480 | SM1 | Synlait Milk Limited Foreign Exempt NZX | 0.01% | -0.01% | 0.1 |
| 481 | ASG | Autosports Group Limited | 0% | 0.00% | 3.1 |
| 482 | PSC | Prospect Res Limited | 0% | 0.00% | 0.3 |
| 483 | CDA | Codan Limited | 0% | 0.00% | 0.0 |
| 484 | BAT | Battery Minerals Limited | 0% | 0.00% | 0.0 |
| 485 | DCC | Digitalx Limited | 0% | 0.00% | 0.0 |
| 486 | ISD | Isentia Group Limited | 0% | 0.00% | 0.0 |
| 487 | AGG | Anglogold Ashanti Cdi 5:1 Foreign Exempt Jse | 0% | 0.00% | 0.4 |
| 488 | TAR | Taruga Minerals | 0% | 0.00% | 2.1 |
| 489 | NMT | Neometals Limited | 0% | 0.00% | 0.0 |
| 490 | PAC | Pacific Group Limited | 0% | 0.00% | 0.0 |
| 491 | ALK | Alkane Resources Limited | 0% | 0.00% | 0.0 |
| 492 | CIP | Centuria I REIT Ordinary Units FP | 0% | -0.02% | 0.0 |
| 493 | KMD | Kathmandu Hold Limited | 0% | 0.00% | 0.0 |
| 494 | YAL | Yancoal Aust Limited | 0% | 0.00% | 0.9 |
| 495 | PPH | Pushpay Holdings Limited Foreign Exempt NZX | 0% | 0.00% | 0.0 |
| 496 | ARG | Argo Investments | 0% | 0.00% | 0.0 |
| 497 | WLD | Wellard Limited | 0% | 0.00% | 0.0 |
| 498 | OBM | Ora Banda Mining Limited | 0% | 0.00% | 0.0 |
| 499 | SVH | Silver Heritage Group | 0% | 0.00% | 0.0 |
| 500 | EGH | Eureka Group Limited | 0% | 0.00% | 0.0 |
| 501 | VAH | Virgin Aus HLDG Limited | 0% | 0.00% | 0.1 |
| 502 | MAH | Macmahon Holdings | 0% | 0.00% | 0.0 |
| 503 | CDP | Carindale Property Units FP | 0% | 0.00% | 0.0 |
| 504 | CNI | Centuria Capital FP Ordinary/Units Stapled Securities | 0% | 0.00% | 0.0 |
| 505 | NEU | Neuren Pharmaceut | 0% | 0.00% | 0.0 |
| 506 | SGH | Slater & Gordon | 0% | 0.00% | 0.0 |
| 507 | VHY | VNGD Aus High Yield ETF Units FP | 0% | 0.00% | 0.0 |
| 508 | SDL | Sundance Resources | 0% | 0.00% | 0.0 |
| 509 | ARF | Arena REIT FP Ordinary/Units Stapled Securities | 0% | 0.00% | 0.0 |
| 510 | FZO | Family ZONE Cyber | 0% | 0.00% | 0.0 |
| 511 | STL | Stargroup Limited | 0% | 0.00% | 0.0 |
| 512 | FOD | The Food Revolution | 0% | 0.00% | 0.0 |
| 513 | MPW | MSL Solutions Limited | 0% | 0.00% | 0.0 |
| 514 | BTH | Bigtincan Holdings Limited | 0% | 0.00% | 0.0 |
| 515 | ESV | Eservglobal Limited | 0% | 0.00% | 0.0 |
| 516 | DNA | Donaco International | 0% | 0.00% | 0.0 |
| 517 | CSV | CSG Limited | 0% | 0.00% | 0.0 |
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
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
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.
Short 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.
Disadvantages
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.
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