Buy Hold Sell, by Livewire Markets
Business:Investing
Since the beginning of the year, the total level of shorting on the ASX has risen 16.2%. According to Shortman.com, there is now $25.5 billion being borrowed today to bet against the country's 100 biggest shorts.
Short sellers borrow shares in a company at the current market price in the hope they can buy back those shares (close a position) once the company's share price has fallen. Many do this in times when sentiment is falling or a business faces short-term headwinds, rather than long-term structural changes - as short-term fluctuations in share price can be incredibly painful - think GameStop.
So are there any long-term opportunities the short sellers are missing?
To find out, Livewire's Ally Selby was joined by Sage Capital's Sean Fenton and Perpetual Asset Management's Sean Roger for their analysis of three stocks with high levels of short interest.
And just because I know you all love a stock pick, our guests also name a high-conviction position they are backing for the year ahead.
Note: This episode was recorded on Wednesday 17 May 2023. You can read an edited transcript below:
https://www.livewiremarkets.com/wires/buy-hold-sell-3-of-the-asx-s-most-shorted-stocks-and-2-long-term-buys/
Buy Hold Sell: 5 growth stocks for the next 5 years
Buy Hold Sell: 5 small stocks with big catalysts on the horizon
2 undiscovered stocks (and how to analyse under-the-radar companies)
Buy Hold Sell: 3 under-the-radar stocks (and 2 overcrowded darlings)
Buy Hold Sell: Demand wave to power future-facing commodities (and 4 stocks to ride the wave)
4 undiscovered gems as gold prices hit record highs
Is there still upside to uranium? (and 4 stocks fundies are buying)
The stocks headed for the ASX 20 (and 2 on the way out)
Buy Hold Sell: 3 stocks ready for a rebound (and 2 due for a sell-off)
Buy Hold Sell: 5 undervalued founder-led stocks
10 adviser-approved ETFs for 2024
Answering the internet's most common ETF questions
Buy Hold Sell: Your top-tipped ETFs for 2024
Buy Hold Sell: 5 of the ASX's fastest-growing stocks
How to invest in small and micro-caps (and 4 emerging stocks for the next 5 years)
Buy Hold Sell: 5 small stocks headed for large-cap status
Buy Hold Sell: 3 stocks with dividends on the rise (and 2 on the chopping block)
How to generate passive income in 2024
Buy Hold Sell: 5 stocks with monster dividends in 2024
Buy Hold Sell: Your 5 top small and mid-cap stocks for 2024 (and 2 big fundie buys)
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