The ASIC regularly comes out with its short position report.
These reports provide an idea to investors about the shares which are on the list of short sellers.
Investors can use these ASIC reports to devise their future stock market strategies.
The Australian Securities and Investments Commission (ASIC) regularly comes out with its short position report, which is followed by investors to track short interest levels of different stocks. These reports provide an idea to investors about the shares which are on the list of short sellers. The stock with higher short levels indicates that there is some ongoing issue with the company. Thus, investors can use these ASIC reports to gauge short levels of different shares and devise their future stock market strategies.
These are seven most shorted shares on the ASX this week, according to ASIC:
Flight Centre Travel Group Ltd (ASX:FLT)
Flight Centre Travel is the most shorted share yet again. It has a short interest of 16.1%. The stock may have been on the list of the short sellers due to a rise in consumer prices in the recent past. As a result, short sellers are concerned that consumer spending on leisure travel could take a hit.
Nanosonics Ltd (ASX:NAN)
Nanosonics’ short interest rose 12.3% week on week. Shares of this medical device firm have been on target of short sellers following disruptive sales model changes in the US.
Betmakers Technology Group Ltd (ASX:BET)
The short interest of Betmakers fell to 11.8%. Shares of ASX-listed betting company is currently trading at high valuations.
Block Inc (ASX:SQ2)
The short interest of Block again rose week on week and stood at 10.3%. The company’s shares listed on Wall Street also have a high short interest.
Regis Resources Ltd (ASX:RRL)
The short interest of Regis Resources was 9.2%, up week on week. The major concerns for the company which have lifted short interest are cost pressures, labour shortages, and lower grades.
EML Payments Ltd (ASX:EML)
The short interest of EML Payments was 8.9%, down week on week. Shares of the company have been under pressure ever since the release of a disappointing third-quarter trading update by the company.
Webjet Ltd (ASX:WEB)
The short interest was flat week on week at 8.1%. Short sellers anticipate that a rise in inflation could negatively impact the recovery of the travel company.