Where to invest $1,000 right now
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Scott just revealed what he believes are the
five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. Returns as of February 15th 2021
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia s parent company Motley Fool Holdings Inc. owns shares of Xero and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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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.
It was a positive first quarter of 2021 for the
S&P/ASX 200 Index (ASX: XJO). During the three months, the benchmark index climbed a solid 3.1%.
Unfortunately, not all shares on the index climbed higher with the market. Here’s why these were the worst performers on the ASX 200 during the first quarter:
The Resolute share price was the worst performer during the first quarter with a 44.7% decline. A softening gold price, a weak full year result, and disappointing guidance were weighing on this gold miner’s shares already prior to a bombshell announcement in the final week of the month. That announcement revealed that the Ghanaian government terminated its Bibiani Gold Mine licence. This was just weeks before the expected completion of the sale of the mine to Chifeng Jilong Gold Mining for US$105 million. There is speculation that the company may need to raise funds if the sale no longer proceeds.
5 things to watch on the ASX 200 on Thursday fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.