Buy Hold Sell: Hunting for value among 5 of the ASX's most shorted stocks

Lithium darling Pilbara Minerals has overtaken Flight Centre as the most-shorted stock on the ASX. After what seems like years at the top of the list, the travel company has dropped down to the 30th most-shorted stock on the ASX - with a short interest of 5.75%.

Today, only two of the 10 most-shorted stocks are not miners - while out of the top 20, only seven stocks are not within the minerals and resources sectors. It's fair to say then that the market remains bearish on the outlook for many of these stocks - with lithium and uranium miners heavily featured in the list.

So, is there any value among the most shorted stocks on the ASX? Or should investors be steering clear of these stocks?

To find out, Livewire's James Marlay was joined by Tribeca Investment Partners' Jun Bei Liu and ClearLife Capital's David Moberley.

They analyse three of the most heavily shorted stocks on the ASX - including Boss Energy, IDP Education and Seek - and each name a stock that they believe could see a short squeeze.

Note: This episode was recorded on Wednesday 6 November 2024. You can read an edited transcript below.

[parasher]

Would be great to hear team's thoughts on MP1. Its been a rollercoaster for a while.

[Backyard_BBQ_BS]

FLT has been doing well considering the last few years. It should be a lot closer to 30

[foresthill]

Jun Bei looks (and sounds) like she's a bit unwell? Normally, she's more upbeat.

As for the stocks, I just can't get on the uranium or lithium train. Too many promises, no results.

[investinyourself]

Jun Bei is one of the most arrogant people I have ever met. The fact that she spends so much time in the media shows its 'buy the rumor sell the fact' for her fund. Even the first question on Boss energy - she has never covered the Resources sector...which is amazing for a fund manager in Australia (given a huge part of the market is resources) and has a Chinese background.