Asian short sellers are ramping up bets against Australia’s miners
Aug 13, 2024 – 3.43pm
Hedge funds in Asia are increasingly targeting Australian mining companies betting that the rout in the sector will deepen from weak commodity prices and the threat to earnings from elevated costs this reporting season.
Of the top 20 most shorted stocks on the ASX last week, 15 were mining companies, according to data compiled by Shortman, which tracks shorted stocks sourced from the Australian Securities and Investments Commission.
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