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At the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.
This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.
With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:
Webjet Limited (ASX: WEB) remains the most shorted ASX share after its short interest rose to 12.1%. Short sellers appear concerned that the travel market may take longer to recover than hoped. Last week Webjet undertook another capital raising, much to the dismay of shareholders.
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GameStop effect: 3 more shorted ASX shares that could skyrocket
Tony Yoo | February 4, 2021 4:47pm |
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So we’ve now seen the
The bubble has now deflated somewhat since its mad highs. But last week there was much interest when an Australian finance academic picked three heavily shorted ASX shares that could similarly explode.
Now, a fund manager has identified three more ASX shares that are highly shorted but have excellent upwards potential.
Injustices in share markets
Shaw and Partners portfolio manager James Gerrish wrote in his
“Slowly but surely the playing field for retail investors is becoming more equitable, which is a great thing and something MM has always been passionate about,” he said.