MENU

Here are the most shorted shares on the ASX

At the start of each week I like to take a look at ASIC’s short position report to find out which shares have been targeted by short sellers.

I think it is worth keeping an eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right.

With that in mind, here are the 10 most shorted shares on the ASX this week:

  • JB Hi-Fi Limited (ASX: JBH) remains the most shorted share on the Australian share market with 19.3% of its shares held short. This is a slight increase since last week and comes despite the retailer being named JB Hi-Fi as a share to buy at the recent Sohn Hearts and Mind Conference.
  • Syrah Resources Ltd (ASX: SYR) has seen its short interest rise slightly week on week to 16.7%. Despite a series of positive announcements, short sellers are not giving up on this one. They may be concerned that Syrah isn’t getting good prices for its graphite.
  • Galaxy Resources Limited (ASX: GXY) has seen its short interest charge higher to 15.7%. The lithium miner’s shares have been strong performers this month amid an improving outlook for the metal. However, short sellers don’t appear to believe these gains will last.
  • Orocobre Limited (ASX: ORE) has short interest of 13.9%, down sharply week on week once again. A positive investor update from the lithium miner appears to have rattled short sellers.
  • Inghams Group Ltd (ASX: ING) has 12.8% of its shares held short, down slightly since last week. Short interest remains high despite the poultry company’s shares recently hitting a 52-week high.
  • BWX Ltd (ASX: BWX) has seen its short interest jump to 12.5%. I suspect that short sellers are targeting the personal care products company due to concerns over the slowdown in sales of its key Sukin product and its mixed outlook.
  • Metcash Limited (ASX: MTS) has 12.4% of its shares in the hands of short sellers, up slightly week on week. Increasing competition from ALDI may be weighing on investor sentiment.
  • InvoCare Limited (ASX: IVC) has 12% of its shares held short, which is flat on last week. Short sellers may be concerned that this funeral company’s medium-term growth won’t be able to justify the premium its shares trade at.
  • Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest rise slightly week on week to 11.7%. The pizza chain operator’s weaker than expected update at its annual general meeting appears to have caught the eye of short sellers.
  • Myer Holdings Ltd (ASX: MYR) has seen its short interest rise to 11.1%. A recent sales update from the department store operator revealed that it has had a soft start to FY 2019. I thought the surprising slowdown in online sales growth was worrying.

Forget Myer, these top dividend shares have been named as shares to buy.

NEW! Top 3 Dividend Bets for 2019

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited and InvoCare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!