Buy Hold Sell: 5 of the ASX’s most-shorted stocks (and 2 that are big buys)

Buy Hold Sell, by Livewire Markets

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/