Buy Hold Sell, by Livewire Markets
Business:Investing
Currently, there is a 22% short interest in fallen lithium darling Pilbara Minerals (ASX: PLS). This is up from around 3.7% a year ago - meaning that today, 22% of the shares in this hard rock lithium miner are shorted.
I know what you are thinking... Oh, anonymous writer! Why should I care? After all, Pilbara's share price has sunk around 30% over the last few months, and lithium spodumene prices have suffered a far worse fate.
Well, if there is anything we can take away from the great GameStop saga, it's that short squeezes come heavy and fast. And, even a small inkling of positive news can result in a sharp rise in share price, forcing hedge funds and traders to close out their positions to avoid painful losses.
So in this episode, Livewire's Ally Selby put it to First Sentier's David Wilson and Atlas Funds' Hugh Dive for some contrarian analysis of the ASX's most shorted stocks.
Plus, they also each name two stocks with big short interests that they are currently buying.
Note: This episode was recorded on Wednesday 13 December 2023. You can read an edited transcript below:
https://www.livewiremarkets.com/wires/buy-hold-sell-5-of-the-asx-s-most-shorted-stocks-and-2-that-are-big-buys/
Buy Hold Sell: 3 hot copper stocks (and 2 high-conviction calls)
Buy Hold Sell: 3 undiscovered gems (and 2 overhyped duds)
2 big buys (and why the worst could be over for small-cap investors)
Buy Hold Sell: 5 undervalued small caps with big growth prospects
6 ASX-listed products for the risk-loving and risk-averse investor
4 adviser-approved ETFs for 2023 (and top tips to make your portfolio work for you)
Buy Hold Sell: 5 of Livewire readers’ top ETFs for 2023
Buy Hold Sell: 3 heavily sold-off stocks (and 2 now on fundies’ radars)
The 10 best ASX management teams right now
Buy Hold Sell: 3 cracking results and 2 disappointments
Buy Hold Sell: 3 stocks making headlines (and 2 with major catalysts on the horizon)
4 stocks for offence and defence for today’s volatile markets
Buy Hold Sell: 4 quality stocks for value AND growth
Buy Hold Sell: 3 stocks with ultra-low PEs (and 2 darlings to drop)
5 high conviction calls from 2022’s top-performing fund managers
Buy Hold Sell: 5 stocks for the run in resources
Buy Hold Sell: Your top large caps for 2023 (and 2 that should have made the list)
6 stocks for a full portfolio reset in 2023
Buy Hold Sell: The top small-cap picks for 2023 (and 2 fundie favourites)
16 funds the professionals would invest in
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