SIV Capital Limited enters the final week of April as one of the ASX's smaller listed entities — a AUD micro-cap trading at AUD 0.15, with a USD market cap of roughly $4.4 million and very little institutional activity to speak of.
The most striking feature of this week's snapshot is how thin the available data has become. Price data is stale, last recorded in December 2024. Short interest figures are frozen at May 2024 levels. Cost-to-borrow data is older still, with the most recent reading from late 2023. None of these figures can be treated as current. What remains fresh — and what tells the more relevant story — is the lending market picture: availability is running at approximately 126% of estimated short interest, suggesting ample shares remain available relative to the small amount already borrowed. The lending pool is not under pressure.
The company's positioning metrics reflect a stock that attracts very little active short interest. The utilization rank sits in the 88th percentile, but with utilization itself at zero across the entire recent history, this percentile reflects the universe's distribution rather than any genuine borrow demand on SIV. The short score, last recorded at 53.4 in May 2024, is moderately elevated but is now too dated to act on directly. No short squeeze dynamic is present.
Ownership is highly concentrated among insiders and closely related entities. The two largest holders — Mbl Food & Packaging Limited and Allan English — together account for over 32% of shares. When the English Family Foundation's stake is added, a single family cluster controls more than 23% of the register. The last disclosed insider trades were director purchases in mid-2023, all at prices above the current AUD 0.15 level, meaning those buyers are underwater. No insider activity has been reported in the past three years.
The most recent earnings result, filed for the half year to December 2025, pointed to a company under financial strain. Revenue fell to AUD 186,000 from AUD 315,000 in the prior corresponding period. Net losses widened to AUD 173,000 from AUD 133,000. Basic loss per share deepened to AUD 0.36 cents. The next reporting event — flagged as a provisional estimate for May 25, 2026 — will be the first opportunity to assess whether revenues have stabilised.
With no fresh short interest data, stale borrow costs, and no analyst coverage, the primary datapoint to monitor ahead of the May 25 reporting date is whether the half-year revenue trajectory continues downward or shows any recovery.
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