Hype around the energy needs of artificial intelligence and nuclear power has prompted local investors to bet against Australian uranium miners.
Half of the 10 most shorted stocks on the ASX are involved in battery minerals or electrification as investors become increasingly bearish on the sector.
Carl Icahn,the famed activist investor who’s made a career out of starting corporate brawls,is on the receiving end this time.
As Block fends off explosive allegations from short sellers Hindenburg Research,data illustrates how some sectors are attracting the interest of investors who are shorting.
Shorting someone of change is pretty clearly a bad thing – but what about “shorting” a company?
Amid a market rout in some sectors,social media-engaged investors are beginning to ask about how they can short shares – but it’s not without risk.
Tribeca Investment Partners started short-selling Magellan shares in the middle of last year because it said the stock was over-priced and underperforming. However,the leadership crisis has sent the stock price tumbling even further.
Australian Ethical’s head of research Stuart Palmer says there are a number of factors,including the introduction of a cross-border carbon tax,that would make betting against heavy emitters’ stocks more attractive.
The latest attempt by US retail investors to squeeze short-sellers is producing some peculiar outcomes,including a squeeze on the investors themselves.
First there was GameStop,then a cryptocurrency boom and bust and now there’s AMC,the latest Wall Street frenzy that could end very badly for investors.
ASIC’s attempts to address the more aggressive activist short attacks on Australian listed companies is something of a Hail Mary and not much of a concession to the anti-short lobby.