Banking Sector- Short interest positions continues to grow in volatile environment
James Nicolaou
Baillieu Holst Ltd
The short positions across the 4 major banks has been rising. In particular, CBA has accumulated significant short positions over the past two months with A$2.0bn outstanding, up from a low of A$0.7bn in May. Keeping in mind, retail investors still have ~2 weeks to decide whether to apply for additional shares via their entitlement offer (1 for 23 @ $71.50). The shares are heading to that price very quickly. Furthermore, Westpac (WBC) short positions are on the rise as the market awaits for them to announce a capital raising due to the new capital requirements stemming from the Murray review. They are the last of the big 4 banks to pull the trigger. NAB & ANZ remain my preferred exposures.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu Holst for 8+ yrs servicing some of the worlds biggest and best institutions, HNW/Professional investors, Family offices with equity investments, portfolio construction, trading strategy's, quantitative screening for stock selection & IPO's just to name a few. Specializing in industrial focused companies/businesses, typically upwards of $20m Mkt cap- $800m mkt cap; James genuinely enjoys building lasting relationships with his clients and the level of repeat and referral business he receives is a testament to this. Feel free to contact me if you would like to inquire further about me or my services.
jnicolaou@baillieuholst.com.au
5 topics
James Nicolaou
Institutional Research Sales & Trading
Baillieu Holst Ltd
James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu...
Expertise
No areas of expertise
James Nicolaou
Institutional Research Sales & Trading
Baillieu Holst Ltd
James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
