In this article
Zip Co. posted the biggest percentage increase in total bearish wagers among the most shorted stocks on Australia’s benchmark index, according to the most recent data compiled by Bloomberg.
- EML Payments, Alumina, Whitehaven and Tassal Group had the next largest gains for the top quintile of shorted stocks, for the week ended Dec. 7
- NOTE: Dec. 2:Zip Co. Nov. Transaction Volume a Record A$577.1M, +44% M/m
- Dec. 3:China Set to Allow Australian Coal Cargo Ashore Amid Ban
- PolyNovo posted the largest percentage decline the past week among the most shorted stocks; followed by Platinum Asset, Bingo Industries, Soul Pattinson and JB Hi-Fi
NOTE: Dec. 2:PolyNovo PT Lifted From Street-Low on Scope for Expansion Plans
- Dec. 7:Platinum Asset Nov. Net Outflows A$130M
Largest short interest as a percentage of free float by sector:
- Information Technology 2.32%
- Consumer Discretionary 2.23%
- Utilities 2.20%
- Total Australian short interest A$25.8b vs. A$25.7b last week; Australia S&P/ASX 200 market cap A$2.1t; Bearish bets equivalent to ~1.60% of equity float: Bloomberg calculation
- Stocks with largest value of short positions: BHP, NAB, CBA
- NOTE: Shares that have traded ex-div. in past week: UMG
- NOTE: Scheduled to trade ex-div. in next week: None among screened stocks
- Companies trading above 20/50/200 DMAs, Bollinger upper band with RSI above 70: IGO, LNK, NSR
- Companies trading below 20/50/200 DMAs, Bollinger lower band with RSI below 30: APX
- NOTE: S&P/ASX 200 was little changed in the past week, rising as high as 6,745.3 and as low as 6,632.3
- NOTE: Australian short interest data is collated by the Australian Securities & Investments Commission andpublished four days after reporting
Source: Read Full Article