Why is Tassal Group currently one of Australia’s ten most shorted companies?

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According to investment news site the Motley Fool, Tassal, Australia’s largest salmon producer, is the tenth most shorted share on the Australian Stock Exchange this week. 

The report which bases its figures on the Australian Securities and Investment Commission’s (ASIC) reported daily short positions tables, shows that Tassal Group has short interest of 7.5%.

Short interest is the total number of shares of a particular stock that have been sold short by investors but have not yet been covered or closed out. When expressed as a percentage, short interest is the number of shorted shares divided by the number of shares outstanding.

“Short sellers have been targeting this seafood company due to weakness in salmon prices,” noted the Motley Fool article.

Read more: Stable salmon prices; for the fifth week in a row