These are the 10 most shorted ASX shares
Let’s see which shares brief sellers are targeting this week. At the start of each week, I like to look at ASIC’s short position report to discover which shares are being targeted by short sellers. It is worth keeping a close eye on short interest levels as high levels can sometimes indicate issues with a company. Here are the 10 most shorted shares on the ASX this week according to ASIC:
- Boss Energy Ltd (ASX: BOE) continues to be the most shorted ASX share with short interest of 19.5%. Short sellers are sticking to this uranium manufacturer despite positive market news.
- Paladin Energy Ltd (ASX: PDN) has seen its short interest increase slightly to 15.4%. Brief sellers are betting against this uranium miner.
- Mineral Resources Ltd (ASX: MIN) has short interest of 14.6%, up week on week. The mining and mining services business has been facing weak commodity prices.
- Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rebound to 12.8%. Short sellers have been targeting this lithium miner.
- Liontown Resources Ltd (ASX: LTR) has short interest of 12.6%, down slightly week on week. This has also been driven by weak lithium prices.
- IDP Education Ltd (ASX: IEL) has 11.5% of its shares held short, down week on week. The student placement and language testing company’s shares dropped significantly last week.
- Deep Yellow Limited (ASX: DYL) has 10.9% of its shares held short, down week on week. Another uranium stock that short sellers are targeting.
- Polynovo Ltd (ASX: PNV) has 10.6% of its shares held short, flat since last week. Short sellers believe the medical device company’s shares are overvalued.
- Cettire Ltd (ASX: CTT) is back in the top 10 with short interest of 10.5%. Concerns over trade tariffs and changes to the de minimis limit in the US are driving this.
- Lifestyle Communities Ltd (ASX: LIC) has short interest of 10%. Negative media coverage is causing headwinds for this retirement living developer.
More reading: Leading brokers name 3 ASX shares to buy next week, ASX 200 shares with potential growth, Top 10 ASX 200 shares today, Reasons behind the drop in Dateline, DroneShield, Ora Banda, and Pilbara Minerals shares, Macquarie’s insights on investment trends driving equity markets in May.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended IDP Education and Polynovo. The Motley Fool Australia has recommended Polynovo. The Motley Fool has a disclosure policy. This post contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
