Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Bain extends the TOB for <a href="https://www.smartkarma.com/entities/mcj-co-ltd" target="_blank" data-smartkarma-citation="entities:14132:1" rel="noopener">MCJ Co Ltd (6670 JP)</a>. This still needs a bump.</li>
<li>I'd still be setting up the stub here. Or buying <a href="https://www.smartkarma.com/entities/jardine-matheson-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19718:1" rel="noopener">Jardine Matheson Holdings (JM SP)</a> outright. Expect more accretion/recycling. All of which benefits Matheson. And the Keswicks.</li>
<li>Re: <a href="https://www.smartkarma.com/entities/toyota-industries-corp" target="_blank" data-smartkarma-citation="entities:4500:1" rel="noopener">Toyota Industries (6201 JP)</a>: arbitrageurs gonna arbitrage. And shorts are going to cover. If you are in either camp, you know what to do. Or have to do.</li>
</ul>


Bain extends the TOB for MCJ Co Ltd (6670 JP). This still needs a bump.
I'd still be setting up the stub here. Or buying Jardine Matheson Holdings (JM SP) outright. Expect more accretion/recycling. All of which benefits Matheson. And the Keswicks.
Re: Toyota Industries (6201 JP): arbitrageurs gonna arbitrage. And shorts are going to cover. If you are in either camp, you know what to do. Or have to do.


Last Week In Event SPACE: MCJ, Jardine Matheson, Toyota Industries, Zijin Mining/Chifeng Jilong Gold

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.


ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 16th March, published ~9AM on the 20th March.</li>
<li>The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs". Net shorts increased A$2.3bn week-on-week.
</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/goodman-fielder-ltd" target="_blank" data-smartkarma-citation="entities:171:1" rel="noopener">Goodman Fielder (GFF AU)</a>, <a href="https://www.smartkarma.com/entities/woodside-petroleum-ltd" target="_blank" data-smartkarma-citation="entities:177:1" rel="noopener">Woodside Petroleum (WPL AU)</a>, <a href="https://www.smartkarma.com/entities/tpg-telecom-ltd-5b64c473-761f-4a0a-a7f9-95770efefa20" target="_blank" data-smartkarma-citation="entities:30984:1" rel="noopener">TPG Telecom (TPG AU)</a>, <a href="https://www.smartkarma.com/entities/droneshield-ltd" target="_blank" data-smartkarma-citation="entities:30509:1" rel="noopener">DroneShield Ltd (DRO AU)</a>, <a href="https://www.smartkarma.com/entities/electro-optic-systems-holdin" target="_blank" data-smartkarma-citation="entities:20402:1" rel="noopener">Electro Optic Systems Hldg (EOS AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 16th March, published ~9AM on the 20th March.
The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs". Net shorts increased A$2.3bn week-on-week.

Companies mentioned in this regular weekly report include: Goodman Fielder (GFF AU), Woodside Petroleum (WPL AU), TPG Telecom (TPG AU), DroneShield Ltd (DRO AU), Electro Optic Systems Hldg (EOS AU).


Aussie Shorts (16th Mar 2026): Goodman Fielder, Woodside Petroleum, TPG Telecom, DroneShield

Commonwealth Bank of Australia / Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day.</li>
<li>The largest industry net increase in the past week was into "Banks"; the largest industry net decrease was A$630mn out of "Metals &amp; Mining".</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/commonwealth-bank-of-australia" target="_blank" data-smartkarma-citation="entities:14:1" rel="noopener">Commonwealth Bank of Australia (CBA AU)</a>, <a href="https://www.smartkarma.com/entities/sigma-healthcare-ltd" target="_blank" data-smartkarma-citation="entities:15966:1" rel="noopener">Sigma Healthcare (SIG AU)</a>, <a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining (EVN AU)</a>, and <a href="https://www.smartkarma.com/entities/seek-ltd" target="_blank" data-smartkarma-citation="entities:676:1" rel="noopener">Seek Ltd (SEK AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day.
The largest industry net increase in the past week was into "Banks"; the largest industry net decrease was A$630mn out of "Metals &amp; Mining".
Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Sigma Healthcare (SIG AU), Evolution Mining (EVN AU), and Seek Ltd (SEK AU).


Aussie Shorts (9 Feb 2026): Commonwealth Bank of Australia, Sigma Healthcare, Evolution Mining, Seek

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day.</li>
<li>The largest industry net increase in the past week was A$1.3bn into "Banks"; the largest industry net decrease was A$630mn out of "Gold".</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas (LYC AU)</a>, <a href="https://www.smartkarma.com/entities/bluescope-steel-ltd" target="_blank" data-smartkarma-citation="entities:207:1" rel="noopener">Bluescope Steel (BSL AU)</a>, <a href="https://www.smartkarma.com/entities/treasury-wine-estates-ltd" target="_blank" data-smartkarma-citation="entities:710:1" rel="noopener">Treasury Wine Estates (TWE AU)</a>, <a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining (EVN AU)</a>, and <a href="https://www.smartkarma.com/entities/pinnacle-investment-management" target="_blank" data-smartkarma-citation="entities:20624:1" rel="noopener">Pinnacle Investment Management (PNI AU)</a>. </li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day.
The largest industry net increase in the past week was A$1.3bn into "Banks"; the largest industry net decrease was A$630mn out of "Gold".
Companies mentioned in this regular weekly report include: Lynas (LYC AU), Bluescope Steel (BSL AU), Treasury Wine Estates (TWE AU), Evolution Mining (EVN AU), and Pinnacle Investment Management (PNI AU). 


Aussie Shorts (30th Jan 2026): Lynas, Aussie Banks, Bluescope Steel, Pinnacle Investment M'ment

Australia

DroneShield Limited provides drone detection technology. The Company offers analysis, identification, and alerts solutions. DroneShield serves the detention, airport, government, commercial, and infrastructure sectors.

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DroneShield Ltd (DRO AU)

Last Week In Event SPACE: MCJ, Jardine Matheson, Toyota Industries, Zijin Mining/Chifeng Jilong Gold

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma...

Ke Yan, CFA, FRM

Aussie Shorts (16th Mar 2026): Goodman Fielder, Woodside Petroleum, TPG Telecom, DroneShield

The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs"....

David Blennerhassett

Aussie Shorts (9 Feb 2026): Commonwealth Bank of Australia, Sigma Healthcare, Evolution Mining, Seek

Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Sigma Healthcare (SIG AU), Evolution Mining...

David Blennerhassett

Aussie Shorts (30th Jan 2026): Lynas, Aussie Banks, Bluescope Steel, Pinnacle Investment M'ment

Companies mentioned in this weekly short interest report include Lynas, Aussie Banks, Bluescope Steel, Treasury Wine Estates, Evolution Mining, and...

David Blennerhassett

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