The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short.” Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high and out at a low – with the sequence of events also in reverse, since you sell first and buy back afterwards. Indeed, as confusing as it sounds, this involves selling something that you don’t already own.
Each day we feature the top 10 shorted stocks on the ASX. In the table below you will find the percentage of each stock shorted and the previous day's percentage. If you're interested in more information about each company, further down we have 1-year share price charts, plus links to more charting and news.
Company
Code
% of Shorts
JB HI-FI
JBH
21.28
FLIGHT CENTRE
FLT
13.55
FAIRFAX
FXJ
11.98
LYNAS
LYC
11.58
CARSALES.COM
CRZ
10.31
THE REJECT SHOP
TRS
10.19
COCHLEAR
COH
10.18
MYER
MYR
10.15
HARVEY NORMAN
HVN
9.72
CSR
CSR
9.57
1. JB Hi Fi (JBH)
Stock code: JBH
Charts: JB Hi Fi Limited
More news: JB Hi Fi Limited
2. Flight Centre (FLT)
Stock code: FLT
Charts: Flight Centre Limited
More news: Flight Centre Limited
3. Fairfax (FXJ)
Stock code: FXJ
Charts: Fairfax Limited
More news: Fairfax Limited
4. Lynas (LYC)
Stock code: LYC
Charts: Lynas Limited
More news: Lynas Limited
5. Carsales.com (CRZ)
Stock code: CRZ
Charts: Carsales.com
More news: Carsales.com
6. The Reject Shop (TRS)
Stock code: TRS
Charts: The Reject Shop Limited
More news: The Reject Shop Limited
7. Cochlear (COH)
Stock code: COH
Charts: Cochlear Limited
More news: Cochlear Limited
8. Myer (MYR)
Stock code: MYR
Charts: Myer Limited
More news: Myer Limited
9. Harvey Norman (HVN)
Stock code: HVN
Charts: Harvey Norman Limited
More news: Harvey Norman Limited
10. CSR Ltd (CSR)
Stock code: CSR
Charts: CSR Limited
More news: CSR Limited
>> Click here to read other articles from this week's newsletter
Shorted positions information from ASIC. Charts as at close of last full day's trade.
Please note that TheBull.com.au simply publishes broker recommendations on this page. The publication of these recommendations does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.
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WHAT’S ON THIS WEEK week 10 August 2012. Monday Tuesday Wednesday Thursday Friday .06 FWL Ferrowest general meeting | 2:54 AM BSI Beyond Sportswear International extraordinary general meeting | 2:55 AM KOR Korab Resources general meeting | 2:56 AM Dun and Bradstreet Dun and Bradstreet business expectations survey | 3:09 AM MDG Medtech Global annual general meeting | 3:09 AM WWM Wentworth Holdings general meeting | 3:30 AM GID GI Dynamics second quarter results | 4:07 AM ANZ ANZ job advertisements series for July | 4:16 AM melbourne Institute TD Securities - Melbourne Institute inflation gauge for July | 4:17 AM
07 Australian Industry Group Australian Industry Group/Housing Industry Association performance of construction index for July | 2:56 AM RBA Reserve Bank of Australia board meeting and interest rate decision | 2:56 AM LEI Leighton Holdings first half results | 2:57 AM COH Cochlear full year results | 2:57 AM BKN Bradken full year results | 2:58 AM TCL Transurban Group full year results | 2:58 AM
08 ACG Atcor Medical Holdings general meeting | 3:10 AM ABS ABS Housing finance for June | 3:10 AM American Chamber of Commerce Qantas chief executive Alan Joyce to address American Chamber of Commerce in Australia lunch | 3:10 AM CPU Computershare full year results | 3:12 AM FCR Ferrum Crescent general meeting | 3:12 AM SGP Stockland full year results | 3:14 AM HVN Harvey Norman Holdings Q4 sales results | 3:29 AM AOFM Australian Office of Financial Management (AOFM) to issue $500 million of July 2022 Treasury Bonds | 4:10 AM RIO Rio Tinto first half results | 4:10 AM FCR Ferrum Crescent general meeting | 4:11 AM AVJ AVJennings full year results | 4:12 AM AQP Aquarius Platinum full year results | 4:15 AM FXL Flexigroup full year results | 11:58 PM
09 AIX Australian Infrastructure Fund full year results | 2:52 AM ABS ABS Labour force for July | 2:52 AM SPS Sprint Energy general meeting | 2:53 AM AOP Apollo Consolidated general meeting | 2:53 AM Bunnings Warehouse Property Trust Bunnings Warehouse Property Trust full year results | 2:54 AM NWS News Corporation full year results | 4:12 AM TAH Tabcorp Holdings full year results | 4:12 AM TLS Telstra Corporation full year results | 4:13 AM AOFM AOFM to issue 1 billion of Treasury Notes maturing on 26 October 2012 and $1 billion of Treasury Notes maturing on 14 December 2012 | 4:14 AM MGX Mount Gibson Iron full year results | 4:16 AM ROG Red Sky Energy general meeting | 11:58 PM
10 PVD Pura Vida Energy general meeting | 2:46 AM WDR Western Desert Resources general meeting | 2:46 AM PXR Padang Resources general meeting | 2:51 AM GMG Goodman Group full year result | 2:52 AM American Chamber of Commerce Opposition communications and broadband spokesman Malcolm Turnbull to address American Chamber of Commerce lunch | 2:54 AM RBA Reserve Bank of Australia Statement on Monetary Policy | 2:54 AM CWN Crown full year results | 2:55 AM AOFM AOFM to issue $500 million of October 2015 Treasury Bonds | 2:56 AM WDR Western Desert Resources general meeting | 2:58 AM CCC Continental Coal general meeting | 2:59 AM CBP Carbon Polymers general meeting | 2:59 AM
. . News Top Stories Top Terms . 06.08.2012Australian Dollar Strength Hinges on Europe, RBA,... 06.08.2012Top 10 shorted stocks 06.08.2012Stocks on a roll: ASX rolling 52-week highs 06.08.2012Naked Options Expose You To Risk 06.08.2012 Is the gold-mining industry truly healthy? 06.08.201218 Share Tips - 6 August 2012
Featured Comment
If you want high yield, you are looking at something in the 7 to 7.5 per cent range, from corporate subordinated debt: AGL, Origin, Tabcorp. Steven Wright, director of fixed interest at RBS Morgans.
Eight brokers like these stocks ASX Code Company Name Consensus Target . NCMNewcrest Mining Ltd$32.006. OSHOil Search Limited$8.474. RIORio Tinto Limited$84.391. ORGOrigin Energy Ltd$16.569. CWNCrown Limited$10.118.
Upcoming Floats ASX Code Company Name Float Date . VICVictory Mines Ltd24/8/12.
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