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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
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