The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 10
Short sellers lifted bearish bets in reporting season losers like Zip and Inghams, while covering positions in PMET and Boss Energy.
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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 17 and 23 February 2026
Month-on-month changes between 28 January and 23 February 2026
Most covered and rising short tables record week-on-week changes of ~0.5% or more
Most Shorted
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Boss Energy | 16.11% | -1.11% | -0.01% | |
Domino's Pizza | 15.61% | -0.11% | -1.60% | |
Treasury Wine Estates | 14.42% | 0.68% | 1.02% | |
Guzman Y Gomez | 13.42% | -0.38% | -0.53% | |
Polynovo | 12.89% | 0.64% | 0.80% | |
TELIX Pharmaceuticals | 12.37% | -0.06% | 1.05% | |
IPH | 12.31% | 0.57% | 1.52% | |
IDP Education | 11.77% | 0.73% | -0.31% | |
Flight Centre Travel Group | 10.82% | 0.19% | -0.92% | |
Nanosonics | 10.28% | 0.23% | 0.67% |
Key takeaways
Boss Energy short interest edged back slightly. The stock has been trading mostly sideways since a roughly 25% pullback between January 29 and February 6, a move broadly in line with the uranium sector, where the Global X Uranium ETF fell around 20% over the same period.
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Zip Co | 7.43% | 2.72% | 2.26% | |
Inghams Group | 8.28% | 1.56% | 2.43% | |
Reliance Worldwide | 3.03% | 1.14% | 0.82% | |
Megaport | 2.83% | 0.94% | 1.08% | |
IDP Education | 11.77% | 0.73% | -0.31% | |
Nick Scali | 3.59% | 0.72% | 0.76% | |
Lotus Resources | 5.99% | 0.70% | ~ | |
Treasury Wine Estates | 14.42% | 0.68% | 1.02% | |
Healius | 5.94% | 0.68% | 0.95% | |
Polynovo | 12.89% | 0.64% | 0.80% | |
Australian Clinical Labs | 5.47% | 0.62% | 1.54% | |
Harvey Norman Holdings | 1.51% | 0.57% | -0.12% | |
IPH | 12.31% | 0.57% | 1.52% | |
CAR Group | 3.70% | 0.56% | 1.30% | |
Sonic Healthcare | 3.59% | 0.51% | 0.33% | |
PLS Group | 8.75% | 0.51% | 1.58% |
Key takeaways
Short interest in Zip spiked to a near two-year high. The company's 1H26 result on February 20 triggered a 34% one-day selloff after cash EBTDA came in slightly below consensus and second-half guidance disappointed. Management guided to broadly flat H2 cash EBTDA, implying around a 5% downgrade to FY26 consensus. Credit quality and unit economics were also in focus, with group NTM dipping slightly below target as US bad debts jumped to around 1.8%. Despite the sharp initial drop, the stock fell a further 13% over the following three days and has only managed a small bounce since, still trading near result-day lows of $1.77.
Inghams followed a similar pattern, falling 13.5% on February 20 after its 1H26 result. The poultry producer delivered a broadly in-line result but cut its FY26 guidance, pointing to a year-on-year EBITDA decline of around 20% at the midpoint, well below prior expectations of roughly -6%. Management cited delays in operational improvements and ongoing cost pressures, with any recovery now expected in the final quarter. The stock has continued to drift lower, down around 2% since results day.
Across the board, we're seeing a relatively consistent pattern. Companies that missed or cut expectations (RWC, MP1, NCK, TWE, HLS are attracting higher short interest.
Most Covered
Key takeaways
PMET short interest pulled back slightly, though there has been little to drive price action. The lithium developer completed a C$130 million capital raise on February 9 to fund exploration and development at its Shaakichiuwaanaan Project. The stock has traded relatively flat since then, though it has dramatically underperformed most lithium peers, with PLS shares up around 25% over the same period.
