ASX stocks with the biggest short interest changes – Week 41
Short sellers continued to cover uranium stocks, while ramping up bets against names like Domino's, Soul Patts and Northern Star.
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Mentioned
Welcome back to the Short Seller Series – A recap of the most heavily shorted stocks on the ASX and those experiencing significant changes to short interest over the past week.
Short selling data is four days behind today's date because reporting is not mandatory until three business days after the trade. The tables below will compare:
Week-on-week changes between 22 and 29 September
Month-on-month changes between 25 August and 29 September
Most covered and rising short tables record week-on-week changes of 0.5% or more
~ suggests no (or less than 0.01%) short interest in the prior period
Most Shorted
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Pilbara Minerals | 17.93% | -0.15% | 2.47% | |
Boss Energy | 17.27% | -0.72% | -4.49% | |
IDP Education | 13.19% | -0.42% | -0.96% | |
Domino's Pizza | 11.97% | 0.56% | 4.93% | |
Guzman Y Gomez | 11.84% | 0.87% | 3.90% | |
Paladin Energy | 11.30% | -0.91% | -7.02% | |
Iluka Resources | 11.26% | 0.84% | 2.41% | |
Mineral Resources | 10.82% | 0.44% | -1.02% | |
PWR Holdings | 10.41% | 0.03% | 0.95% | |
Polynovo | 9.90% | -0.05% | -2.14% |
Key takeaways
The most shorted stocks haven't seen much movement, though there's been a slight pullback in uranium shorts, increased bets against rare earths, and growing short interest in quick-service names like Guzman Y Gomez and Domino's Pizza.
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Washington H. Soul Pattinson and Company | 1.19% | ~ | -2.68% | |
Aspen Group | 0.92% | ~ | ~ | |
Cobram Estate Olives | 0.71% | ~ | ~ | |
Ricegrowers | 0.70% | ~ | ~ | |
Northern Star Resources | 4.01% | 2.42% | 3.69% | |
Myer Holdings | 2.77% | 2.25% | 2.19% | |
TELIX Pharmaceuticals | 8.41% | 1.43% | 2.35% | |
Flight Centre | 9.88% | 0.98% | 4.38% | |
Digico Infrastructure REIT | 7.81% | 0.88% | 3.51% | |
Guzman Y Gomez | 11.84% | 0.87% | 3.90% | |
Iluka Resources | 11.26% | 0.84% | 2.41% | |
NRW Holdings | 0.79% | 0.57% | 0.61% | |
Domino's Pizza | 11.97% | 0.56% | 4.93% | |
Block, Inc | 1.35% | 0.55% | 0.10% | |
Droneshield | 5.36% | 0.54% | 3.88% |
Key takeaways
A few smaller spikes have emerged in Soul Patts (fresh off its Brickworks merger), Aspen Group (which joined the S&P/ASX 300 in August and is up 93% year-to-date), Cobram Estate (re-rated ~50% since June before raising $175m in September for US expansion), and Ricegrowers (which jumped 12.9% on September 19 without any apparent catalyst).
Northern Star has seen a significant jump in short interest. For context, UBS analysts hold a Neutral rating with a $21.10 target, noting the company is entering a period of high capex.
Myer is also drawing increased short attention following a 25% single-day selloff on September 23 after releasing its FY25 results. While sales rose 0.5% to $3.67 billion (roughly in line with the $3.64 billion consensus), NPAT of $36.8 million missed expectations by 6.6% ($39.4m expected). More concerning was the company's cash position of $168.1 million vs. $291 million estimates, a 42% miss. Management warned that ongoing distribution centre challenges will continue weighing on first-half FY26 performance.
Most Covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Cettire | 4.09% | -1.39% | -4.73% | |
Liontown Resources | 5.08% | -1.33% | -1.75% | |
Ramelius Resources | 4.37% | -1.08% | 2.48% | |
Bellevue Gold | 3.37% | -1.07% | -4.26% | |
Locksley Resources | 0.32% | -0.99% | ~ | |
Paladin Energy | 11.30% | -0.91% | -7.02% | |
Chalice Mining | 3.32% | -0.76% | -0.59% | |
Boss Energy | 17.27% | -0.72% | -4.49% | |
Lifestyle Communities | 7.71% | -0.68% | -3.81% | |
ST Barbara | 1.54% | -0.63% | -0.26% | |
Skycity Entertainment Group | 0.78% | -0.63% | -2.88% | |
Bravura Solutions | 2.71% | -0.60% | -0.40% | |
Strike Energy | 4.40% | -0.53% | -0.36% |
Key takeaways
On the flip side, Cettire is starting to squeeze short sellers. The stock bottomed in late August and has since rallied 160% from its August 29 low.
Liontown is also showing signs of stabilisation after dropping nearly 20% between September 10-11 when reports emerged of a Chinese lithium mine resuming operations earlier than expected. The stock is now trading near its highest level since June 2024.
Meanwhile, several gold names including Ramelius, Bellevue, and St Barbara are experiencing declining short interest as gold prices push toward the US$4,000 mark.
