Summary:
Week ending July 9, 2020
Last week saw the ASX200 peak out over 6000 before dropping back as Melbourne went back into lockdown.
As is evident on the table below, short activity at this time continues to simply dry up. There are now only eight stocks shorted by 7% or more. Typically there’d be at least eight stocks shorted by 10% or more.
It’s a tad more crowded in the 5-7% range, but realistically it’s the same set of stocks shuffling around a bit each week, occasionally falling out of the table and then returning, such as AMA Group ((AMA)) and Bubs Australia ((BUB)) last week.
There has been little in the way of “new players” in weeks.
The only stock to see a short position change of one percentage point or more last week was Mesoblast ((MSB)), in at 6.0% from below 5%, but it, too, has been popping in and out at the low end recently.
The stem cell specialist is no longer covered by FNArena brokers and has been a big mover of late, surging in April after announcing its remestemcel-L product could be used for treating covid-infected children having cardiovascular and other complications.
The stock has more recently come off the boil, and all biotechs have been volatile at this time as one might imagine.
No Movers & Shakers this week.
Weekly short positions as a percentage of market cap:
10%+
MYR 12.6
WEB 10.9
No changes
9.0-9.9
ING
No changes
8.0-8.9%
NEA, BOQ, GXY
No changes
7.0-7.9%
CUV, ORE
Out: JBH, FXL
6.0-6.9%
FNP, JBH, FXL, MTS, PGH, SUL, SGM, SXL, PPT, FLT, PLS, MSB
In: JBH, FXL, SUL, MSB, FLT Out: SEK, LOV
5.0-5.9%
ALG, IVC, SEK, CLH, CTD, BIN, IFL, Z1P, LYC, BUB, AMA, LOV
In: SEK, LOV, BUB, AMA Out: FLT, SUL, CLQ
Movers & Shakers
See above.
ASX20 Short Positions (%)
| CODE | LAST WEEK | WEEK BEFORE | CODE | LAST WEEK | WEEK BEFORE |
|---|---|---|---|---|---|
| ALL | 4.4 | 4.3 | NCM | 0.8 | 0.4 |
| ANZ | 0.7 | 0.7 | RIO | 2.1 | 2.2 |
| BHP | 4.1 | 4.1 | SCG | 0.8 | 0.6 |
| BXB | 0.2 | 0.1 | SUN | 0.5 | 0.5 |
| CBA | 0.5 | 0.5 | TCL | 0.6 | 0.7 |
| CSL | 0.2 | 0.1 | TLS | 0.4 | 0.2 |
| GMG | 0.4 | 0.5 | WBC | 0.8 | 0.7 |
| IAG | 0.7 | 0.7 | WES | 0.5 | 0.5 |
| MQG | 0.2 | 0.2 | WOW | 0.3 | 0.3 |
| NAB | 0.8 | 0.7 | WPL | 1.3 | 1.1 |
To see the full Short Report, please go to this link.
