ASX’s most shorted stocks set for results reporting test

Original article by William McInnes
The Australian Financial Review – Page: 20 : 11-Feb-19

Some of the Australian sharemarket’s most heavily shorted companies will release their latest financial results in the week beginning 11 February, including JB Hi-Fi, Super Retail Group, Bendigo & Adelaide Bank and AMP. JB Hi-Fi is the most shorted S&P/ASX 200 stock, and Jun Bei Liu of Tribeca Investment Partners notes that the retail trading environment is challenging at present. Meanwhile, ASX 200 trading volumes were 11 per cent higher than average during the first week of the reporting season, as fund managers returned to the market.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, JB HI-FI LIMITED – ASX JBH, SUPER RETAIL GROUP LIMITED – ASX SUL, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, AMP LIMITED – ASX AMP, TRIBECA INVESTMENT PARTNERS PTY LTD, FIRETRAIL INVESTMENTS PTY LTD, OPHIR ASSET MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, AMCOR LIMITED – ASX AMC, CLEANAWAY WASTE MANAGEMENT LIMITED – ASX CWY, LEND LEASE GROUP LIMITED – ASX LLC, CYBG PLC – ASX CYB, JAMES HARDIE INDUSTRIES PLC – ASX JHX, NICK SCALI LIMITED – ASX NCK, IOOF HOLDINGS LIMITED – ASX IFL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

Short sellers set sights on Rio Tinto despite price spike

Original article by Peter Ker
The Australian Financial Review – Page: 13 & 28 : 10-Oct-17

Rio Tinto ranks among the 20 Australian-listed stocks that are most frequently targeted by short sellers. Short positions now account for about nine per cent of Rio Tinto’s shares, compared with less than one per cent three years ago. The resources group’s shares have posted double-digit gains over the last seven weeks, which has coincided with a sharp fall in the iron ore price, and some analysts expect further weakness in the price of the steel input. Peter O’Connor of Shaw & Partners says arbitrage trading may have contributed to the rise in short selling activity, given the price gap between Rio’s Australian and UK shares.

CORPORATES
RIO TINTO LIMITED – ASX RIO, SHAW AND PARTNERS LIMITED, DEUTSCHE BANK AG, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP

Banks get short shrift from investors

Original article by Chris Kohler
The Australian – Page: 20 : 4-Oct-16

Australian banks continued to be targeted by short sellers in September 2016. Data from Deutsche Bank shows that the ANZ Bank and Westpac are the most popular among short sellers, with short positions accounting for 1.9 per cent of their issued stock, compared with 1.5 per cent for the Commonwealth Bank and one per cent for National Australia Bank. Meanwhile, Credit Suisse recently suggested that the major banks’ elevated dividend yields may eventually face downward pressure.

CORPORATES
DEUTSCHE BANK AG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CREDIT SUISSE (AUSTRALIA) LIMITED, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, BANK OF QUEENSLAND LIMITED – ASX BOQ, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, STANDARD AND POOR’S ASX 200 INDEX

Short sellers target Rio, BHP

Original article by Peter Ker
The Australian Financial Review – Page: 22 : 8-Sep-16

New figures show that 4.79 per cent of Rio Tinto’s shares were subject to short selling on 31 August 2016, compared with 0.48 per cent on 30 July 2015. Likewise, the proportion of BHP Billiton’s shares that are short sold has risen from 0.2 per cent in March 2015 to 2.15 per cent on 31 August. Pure-play iron ore producer Fortescue Metals Group has traditionally been a key target for short sellers, but shorting activity has fallen from around 12.6 per cent in April 2015 to 2.5 per cent at the end of August.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, WESTERN AREAS LIMITED – ASX WSA, SHAW AND PARTNERS LIMITED, MYER HOLDINGS LIMITED – ASX MYR, WORLEYPARSONS LIMITED – ASX WOR, METCASH LIMITED – ASX MTS, MONADELPHOUS GROUP LIMITED – ASX MND, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, MACQUARIE GROUP LIMITED – ASX MQG, SHORTMAN.COM.AU

Short sellers look to big miners

Original article by Peter Ker, Thomas Hounslow
The Australian Financial Review – Page: 27 : 1-Apr-16

The recent rise in short positions in Rio Tinto, BHP Billiton, Glencore and Anglo American suggests that many investors do not believe that a rally in commodity prices will last. For Rio Tinto, the percentage of its Australian shares sold short in mid-February 2016 was the highest since late December 2012. According to Macquarie Securities, the prices of metal and bulk commodities will continue to be under pressure because of over-capacity.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, GLENCORE PLC, ANGLO AMERICAN PLC, MACQUARIE SECURITIES PTY LTD