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 | Stock Code
| % of shorts
|
JB Hi Fi | JBH | 20.86 |
Myer | MYR | 12.25 |
David Jones
| DJS
| 11.67 |
Billabong
| BBG | 11.13 |
iShares Sml Ords
| ISO | 11.13 |
Fairfax
| FXJ | 11.00
|
Flight Centre
| FLT | 9.14 |
Lynas | LYC | 8.94 |
Cochlear
| COH
| 8.81
|
Echo Entertainment
| EGP | 7.51 |
1. JB Hi Fi (JBH)
Stock code: JBH
Charts: JB Hi Fi Limited
More news: JB Hi Fi Limited
2. Myer (MYR)
Stock code: MYR
Charts: Myer Limited
More news: Myer Limited
3. David Jones (DJS)
Stock code: DJS
Charts: David Jones Limited
More news: David Jones Limited
4. Billabong (BBG)
Stock code: BBG
Charts: Billabong Limited
More news: Billabong Limited
5. iShares Small Ords ETF (ISO)
Stock code: ISO
Charts: iShares Small Ords ETF Limited
More news: iShares Small Ords ETF Limited
6. Fairfax (FXJ)
Stock code: FXJ
Charts: Fairfax Limited
More news: Fairfax Limited
7. Flight Centre (FLT)
Stock code: FLT
Charts: Flight Centre Limited
More news: Flight Centre Limited
8. Lynas (LYC)
Stock code: LYC
Charts: Lynas Limited
More news: Lynas Limited
9. Cochlear (COH)
Stock code: COH
Charts: Cochlear Limited
More news: Cochlear Limited
10. Echo Entertainment (EGP)
Stock code: EGP
Charts: Echo Entertainment
More news: Echo Entertainment
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Shorted positions information from ASIC. Charts as at close of last full day's trade.
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