The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 11
The end of reporting season has triggered a wave of short interest changes, including soaring bets against McMillian, EOS and Bapcor.
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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 23 February and 3 March 2026
Month-on-month changes between 2 February and 3 March 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 |
|---|---|---|---|---|
Domino's Pizza | 16.02% | 0.41% | -0.94% | |
Treasury Wine Estates | 14.65% | 0.23% | 0.88% | |
Telix Pharmaceuticals | 13.75% | 1.38% | 1.81% | |
Guzman Y Gomez | 13.49% | 0.07% | -0.57% | |
Boss Energy | 12.76% | -3.35% | -3.88% | |
Polynovo | 12.70% | -0.19% | 0.65% | |
Nanosonics | 11.18% | 0.90% | 1.26% | |
Idp Education | 10.94% | -0.83% | -0.78% | |
Lynas Rare Earths | 10.48% | 0.64% | 1.65% | |
Flight Centre Travel Group | 9.68% | -1.14% | -2.48% |
Key takeaways
Boss Energy short interest has fallen sharply, dropping the stock from the most shorted on the ASX to fifth place
Lynas enters the top ten most shorted stocks after a sharp decline in short interest for IPH
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Mcmillan Shakespeare | 6.05% | 2.07% | 2.85% | |
Electro Optic Systems | 3.91% | 1.94% | 2.98% | |
Bapcor | 9.12% | 1.66% | 1.78% | |
Telix | 13.75% | 1.38% | 1.81% | |
Insignia Financial | 1.94% | 1.03% | 1.32% | |
Lendlease Group | 3.61% | 1.00% | 1.28% | |
HMC Capital | 5.29% | 0.95% | -2.29% | |
Temple & Webster | 2.08% | 0.91% | 1.56% | |
Nanosonics | 11.18% | 0.90% | 1.26% | |
CAR Group | 4.59% | 0.89% | 2.22% | |
EVT | 2.68% | 0.89% | 1.43% | |
Tyro Payments | 3.40% | 0.83% | 1.90% | |
Elevra Lithium | 2.76% | 0.79% | 1.26% | |
Capricorn Metals | 1.05% | 0.79% | 0.80% | |
AUB Group | 2.46% | 0.72% | 0.41% | |
Ventia Services | 1.33% | 0.68% | 0.55% | |
Lynas | 10.48% | 0.64% | 1.65% | |
NextDC | 9.07% | 0.61% | 1.65% | |
Cochlear | 5.04% | 0.61% | 1.14% | |
West African Resources | 0.95% | 0.60% | 0.70% | |
Myer | 4.05% | 0.58% | 0.83% | |
Mesoblast | 7.76% | 0.55% | 0.47% | |
Generation Development Group | 4.65% | 0.52% | -0.52% | |
Credit Corp Group | 4.30% | 0.51% | 3.08% | |
Clinuvel Pharmaceuticals | 7.66% | 0.50% | 0.54% | |
Adairs | 4.94% | 0.50% | 2.11% |
Key takeaways
McMillan Shakespeare had a volatile session on the day of its 1H26 result (23 Feb), briefly rallying 6.8% before reversing to close 5.2% lower. The miss was largely driven by a 20.9% year-on-year decline in EBITDA from its Plan and Support Services segment. Macquarie downgraded the stock to Neutral from Outperform, flagging risk that the government could cap the EV frindge benefit tax as early as the May 2026 budget, as well as ongoing NDIS policy uncertainty. The stock has fallen a further 7.0% since the result.
Electro Optic Systems reported on 23 Feb, opening 7.1% lower before rallying to close up 5.8%. Full-year revenue fell 27% to $128.5 million as key defence contracts wound down, though the company signed $424 million in new contracts during the year, compared to just $70 million in 2024, pointing to a stronger pipeline ahead.
Short sellers had been building positions in Bapcor since August 2025, with short interest climbing from around 2% to a peak of 9.1%. The bet paid off when the company guided FY26 adjusted EBITDA of $150-160 million, roughly 20% below consensus at the midpoint, and launched a $200 million equity raise at a 57% discount to its last close. Bapcor fell 37% when it resumed trading on 27 February and has dropped a further 20% since.
Most Covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Boss Energy | 12.76% | -3.35% | -3.88% | |
IPH | 9.04% | -3.27% | -1.98% | |
Accent Group | 3.88% | -2.81% | -2.12% | |
Nuix | 3.54% | -2.04% | -1.63% | |
Liontown | 1.55% | -1.92% | -1.63% | |
Centuria Office REIT | 1.43% | -1.69% | -2.11% | |
PLS Group | 7.42% | -1.33% | -0.75% | |
Flight Centre Travel Group | 9.68% | -1.14% | -2.48% | |
IDP Education | 10.94% | -0.83% | -0.78% | |
EML Payments | 2.25% | -0.82% | -0.75% | |
SILEX Systems | 7.88% | -0.79% | -1.13% | |
Karoon Energy | 9.13% | -0.65% | -0.41% | |
Appen | 0.59% | -0.62% | -1.19% | |
Botanix Pharmaceuticals | 2.12% | -0.59% | -1.12% | |
News Corporation | 1.34% | -0.55% | 0.53% | |
Digico Infrastructure REIT | 7.73% | -0.52% | -0.11% |
Key takeaways
Boss Energy reported a 1H26 net loss of $7.2 million, a sizeable miss versus consensus, though the result largely reflected accounting treatment rather than operational weakness. Free cash flow of $36.2 million came in stronger than expected. Macquarie remains at Underperform rated, cautioning that the Honeymoon operation faces ongoing challenges and that wide-spacing leach trials carry meaningful execution risk.
Accent Group, IPH and IDP Education all rallied following better-than-feared 1H26 results, though most have since given back the bulk of those gains.
