The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 27
Short sellers covered their bearish bets against uranium stocks, Lovisa and MinRes last week.
Source: iStock
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 16 and 23 June 2025
Month-on-month changes between 26 May and 23 June 2025
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 | 16.49% | -1.15% | -4.71% | |
Paladin Energy | 15.93% | -0.12% | 0.63% | |
Mineral Resources | 14.00% | -1.30% | 0.10% | |
Pilbara Minerals | 13.20% | -0.31% | 1.06% | |
Liontown Resources | 12.65% | 0.13% | -0.07% | |
Silex Systems | 11.35% | 1.42% | 2.09% | |
Polynovo | 10.60% | 0.05% | -0.01% | |
IDP Education | 10.19% | -0.04% | -1.77% | |
Lifestyle Communities | 10.16% | -0.42% | 0.17% | |
Corporate Travel | 9.55% | 0.08% | 0.19% |
Key takeaways
Boss Energy's short interest has fallen to year-to-date lows of 16.49% (down from April peaks of ~25%) as shares hit their highest level since June 2024. Rising uranium prices and strong operational updates have helped Boss shares more than double from Liberation Day lows. Conversely, Silex shorts have reached record levels of 11.35%, up from 9% a month ago and 6.5% at the beginning of the year
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Bellevue Gold | 5.62% | 1.76% | 1.22% | |
Iperionx | 6.95% | 1.60% | 1.30% | |
Silex Systems | 11.35% | 1.42% | 2.09% | |
Yancoal Australia | 2.86% | 1.35% | 1.31% | |
Sigma Healthcare | 3.60% | 1.31% | 2.31% | |
Alligator Energy | 1.66% | 1.21% | 1.34% | |
Ramelius Resources | 7.13% | 1.06% | 0.69% | |
Nick Scali | 5.51% | 1.05% | 0.47% | |
Pantoro Gold | 1.58% | 1.03% | 1.33% | |
Cochlear | 1.69% | 0.83% | 1.12% | |
Healius | 3.67% | 0.75% | 0.11% | |
Guzman Y GOMEZ | 6.13% | 0.75% | 1.38% | |
Digico Infrastructure REIT | 4.48% | 0.71% | 2.52% | |
Temple & Webster Group | 2.15% | 0.62% | 0.61% | |
Catalyst Metals | 0.81% | 0.60% | 0.35% | |
Whitehaven Coal | 5.72% | 0.59% | 0.36% | |
PWR Holdings | 8.07% | 0.55% | 1.51% | |
Audinate Group | 5.77% | 0.50% | 0.10% | |
Humm Group | 1.49% | 0.50% | 0.46% | |
The Lottery Corporation | 2.54% | 0.50% | 1.02% |
Key takeaways
This week's rising short candidates cluster around several themes - gold miners (Bellevue, Pantoro, Ramelius, Catalyst Metals), select uranium names (Silex, Alligator Energy), and retail stocks (Nick Scali, Temple & Webster).
Most covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Ioneer | 3.01% | -2.16% | -3.23% | |
Lovisa Holdings | 3.68% | -1.42% | -1.13% | |
Mineral Resources | 14.00% | -1.30% | 0.10% | |
Boss Energy | 16.49% | -1.15% | -4.71% | |
Evolution Mining | 2.79% | -1.04% | 1.49% | |
The Star Entertainment Group | 1.95% | -0.92% | -5.45% | |
Web Travel Group | 4.22% | -0.85% | -1.02% | |
Lynas Rare Earths | 7.35% | -0.76% | -0.86% | |
Bannerman Energy | 7.66% | -0.74% | -0.48% | |
Kelsian Group | 4.01% | -0.74% | -0.11% | |
Emeco Holdings | 0.39% | -0.74% | -0.52% | |
Breville Group | 6.12% | -0.71% | 0.23% | |
Betr Entertainment | 0.07% | -0.68% | #N/A | |
Viva Energy Group | 5.20% | -0.63% | -0.19% | |
Lotus Resources | 8.47% | -0.60% | 0.72% | |
Cettire | 4.74% | -0.60% | -5.10% | |
REDOX | 1.01% | -0.59% | -1.22% | |
Eagers Automotive | 3.45% | -0.59% | -0.37% | |
RIO Tinto | 5.80% | -0.57% | -1.78% | |
Syrah Resources | 4.82% | -0.52% | -0.42% |
Key takeaways
An equally long list of stocks are seeing short covering, particularly companies showing signs of stabilisation (MinRes, Lovisa, Syrah Resources) and energy plays (Viva Energy, Karoon with only a 0.49% weekly decline).
Ioneer's short interest abruptly halved from ~6.6% to ~3.0% in a week, likely reflecting recall activity as the lithium developer undergoes strategic partnering for its Nevada project. Meanwhile, Lovisa's ~12% rally in early June appears to have driven out short sellers, supported by UBS upgrading the stock to Neutral on accelerating European store growth.
Lovisa's ~12% rally in early June likely drove out short sellers, with momentum building after UBS upgraded the stock from Sell to Neutral on June 20. The upgrade reflected improved store expansion, with UBS noting: "Store growth had slowed in recent years following the very strong FY23 (172 stores), which was a core tenet of our Sell rating. In recent weeks, the rate of store growth has accelerated, especially in Europe, moderating these concerns."
