These are 5 most shorted ASX-listed shares

Highlights

  • The ASIC released a daily short position report for ASX stocks.

  • It gives a clue about the securities that are under short-sellers’ radar.
  • A stock with a high short interest level indicates that something is wrong with the company.

A short-position report for ASX-listed stocks is released by the Australian Securities and Investments Commission (ASIC) on a daily basis. The report is closely watched by investors and traders to get a clue about the securities that are on short-sellers’ radar, enabling them to design a suitable strategy going forward. A stock which is having a high short interest level may be an indicator that something is wrong somewhere with the company and needs to be looked at.

Here are the five most shorted ASX-listed shares last week as per the ASIC. Daily short positions are available till 22 November 2021.

Flight Centre Travel Group Ltd (ASX:FLT)

Australia’s largest retail travel outlet remains the most shorted shares on the ASX, with short interest rising week on week to 13.3%. A continued rise in short interest seems to be on account of the emergence of Omicron variant of COVID-19, which is expected to hurt global travel stocks.

Short-position report for the ASX-listed stocks is released by ASIC on a daily basis.

Source: © Stbernardstudio   | Megapixl.com

Kogan.com Ltd (ASX:KGN)

The short interest of the Australian online retail company rose week on week to 12%. The Kogan share price remained under pressure in 2021. The stock has lost following the annual general meeting (AGM) update, which said that revenue growth during the first four months of FY2022 hasn’t reflected into profit growth.

Redbubble Ltd (ASX:RBL)

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The global online marketplace had a short interest of 10.6%. Selling pressure on the stock is the highest ever since the company released a muted quarterly update. Following a strong FY21, the company is witnessing a fall in marketplace revenue.

Zip Co Ltd (ASX:Z1P)

The payments solution provider’s short interest jumped to 9.4%. The stock may be aggressively shorted due to rising competition and frauds in the buy-now-pay-later (BNPL) sector.

Electro Optic Systems Holding Ltd (ASX:EOS)

The technology firm specialising in electro-optic design and development for space and defence markets

had 9.1% of its shares held short. The short position increased on the stock after the defence, and the space company downgraded its earnings guidance.

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