Short-selling pressure eases on NRW Holdings

The mining services company is one of the most shorted stocks on the market, but its new contract is a signal its fortunes may be turning around.

It may not surprise you that eight out of the 10 stocks that have suffered the biggest increase in short-selling interest since the start of the year are mining or mining services companies, but sentiment towards a few of these embattled names may be turning.

NRW Holdings (NWH) is the most shorted stock in the Uncapped 100 with 8.7% of its total issued stock short sold as of a week ago, according to the latest Australian Securities & Investments Commission’s (ASIC) data.

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