The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 40
This week features a massive list of stocks experiencing both rising and falling short interest.
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 15 and 22 September
Month-on-month changes between 25 August and 22 September
Most covered and rising short tables record week-on-week changes of 0.5% or more
Most Shorted
Ticker | Company | Short % | Week-on-Week |
|---|---|---|---|
Pilbara Minerals | 18.08% | -0.15% | |
Boss Energy | 17.99% | -2.06% | |
Idp Education | 13.61% | -0.76% | |
Paladin Energy | 12.21% | -4.11% | |
Domino's Pizza | 11.41% | 0.70% | |
Guzman Y Gomez | 10.97% | 0.71% | |
Iluka Resources | 10.42% | 0.38% | |
PWR Holdings | 10.38% | 0.00% | |
Mineral Resources | 10.38% | -0.65% | |
Polynovo | 9.95% | -2.43% |
Interesting takeaways
QSR sector in the crosshairs: Lots of changes among the most shorted stocks in recent weeks, with short sellers ramping up bearish bets against the quick service restaurant sector via Domino's Pizza and Guzman Y Gomez.
Iluka Resources seeing rising shorts: Short interest is climbing against Iluka Resources, which offers dual exposure to mineral sands and rare earths. Earlier this month, Iluka announced plans to suspend production at its Cataby mine and SR2 in Western Australia due to subdued demand for mineral sands and downstream products.
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Ramelius Resources | 5.45% | 3.85% | 3.56% | |
Catalyst Metals | 3.68% | 3.27% | 3.07% | |
Vulcan Energy Resources | 8.80% | 2.50% | 2.49% | |
Digico Infrastructure REIT | 6.93% | 2.02% | 2.63% | |
Greatland Resources | 2.95% | 2.00% | 2.03% | |
Ora Banda Mining | 4.13% | 1.87% | 2.63% | |
Droneshield | 4.82% | 1.79% | 3.34% | |
Southern Cross Gold Consolidated | 1.90% | 1.44% | 0.95% | |
Black Cat Syndicate | 1.90% | 1.43% | 0.91% | |
Sims | 3.35% | 1.41% | 1.51% | |
Supply Network | 2.91% | 1.38% | 1.63% | |
Fleetpartners Group | 1.56% | 1.29% | 1.45% | |
Northern Star Resources | 1.59% | 1.23% | 1.27% | |
Westgold Resources | 3.47% | 1.14% | 0.49% | |
Gentrack Group | 1.37% | 0.98% | 0.95% | |
Superloop | 1.16% | 0.96% | 0.33% | |
Locksley Resources | 1.31% | 0.92% | #N/A | |
Sayona Mining | 1.30% | 0.91% | -0.76% | |
Telix Pharmaceuticals | 6.98% | 0.90% | 0.92% | |
Iperionx | 5.95% | 0.88% | 1.35% | |
New Hope Corporation | 3.96% | 0.81% | 1.10% | |
Adairs | 1.08% | 0.75% | 0.12% | |
Eagers Automotive | 3.68% | 0.74% | 0.00% | |
Guzman Y Gomez | 10.97% | 0.71% | 3.03% | |
St Barbara | 2.17% | 0.71% | 0.37% | |
Domino's Pizza | 11.41% | 0.70% | 4.37% | |
Chorus | 1.77% | 0.69% | 0.89% | |
Meeka Metals | 0.86% | 0.68% | 0.69% | |
Jumbo Interactive | 2.75% | 0.67% | 0.81% | |
Inghams Group | 3.33% | 0.66% | 1.29% | |
Develop Global | 1.22% | 0.61% | 0.64% | |
Firefly Metals | 1.17% | 0.59% | 0.48% | |
Magellan Financial Group | 4.36% | 0.58% | 0.35% | |
Cromwell Property Group | 0.61% | 0.57% | 0.48% | |
Wisetech Global | 2.25% | 0.56% | 1.11% | |
Generation Development Group | 4.20% | 0.54% | 2.89% | |
Als | 1.15% | 0.54% | 0.42% | |
Predictive Discovery | 0.72% | 0.53% | 0.10% | |
Breville Group | 6.24% | 0.52% | 0.06% |
Interesting takeaways
I've never seen such a long list stocks for both 'rising shorts' and 'most covered' lists
Broad short interest building in gold miners: A wide range of gold miners seeing an increase in short interest, including RMS, GGP, OBM, SX2, BC8, NST and WGX. There's no denying the bullish momentum behind gold prices, though many analysts find it hard to justify further upside given recent share price moves. It's unclear why we're seeing such a broad rise in short interest across several large caps.
Other notable shorting themes: Tech names like Digico, Gentrack and Superloop are attracting shorts, alongside unprofitable/spec plays such as Vulcan, Droneshield, Sayona and Iperionx. Discretionary retailers including Adairs, Guzman Y Gomez and Domino's are also seeing increased bearish positioning.
Most Covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Paladin Energy | 12.21% | -4.11% | -6.11% | |
Healthco Healthcare and Wellness REIT | 1.10% | -3.12% | -2.88% | |
The Star | 3.57% | -2.65% | -3.18% | |
Monash IVF Group | 4.29% | -2.63% | -2.53% | |
Polynovo | 9.95% | -2.43% | -2.09% | |
Peninsula Energy | 0.63% | -2.14% | -5.29% | |
Coronado Global Resources | 0.61% | -2.07% | -2.14% | |
Boss Energy | 17.99% | -2.06% | -3.77% | |
OFX Group | 0.62% | -1.93% | -1.91% | |
Regis Resources | 1.84% | -1.90% | -1.24% | |
Kogan.com | 1.48% | -1.90% | -0.76% | |
Emerald Resources | 2.51% | -1.82% | -0.87% | |
Platinum Asset Management | 2.52% | -1.57% | -1.93% | |
Novonix | 0.69% | -1.34% | -2.28% | |
Cettire | 5.48% | -1.30% | -3.34% | |
Amotiv | 1.81% | -1.28% | -0.75% | |
Ioneer | 0.68% | -1.20% | -1.04% | |
Lifestyle Communities | 8.39% | -1.17% | -3.13% | |
Bellevue Gold | 4.44% | -1.09% | -3.19% | |
Centuria Industrial REIT | 3.08% | -1.09% | 0.69% | |
Propel Funeral Partners | 4.15% | -1.05% | -0.24% | |
Skycity Entertainment Group | 1.41% | -1.03% | -2.25% | |
Brickworks | 1.00% | -1.03% | -0.24% | |
Vault Minerals | 0.22% | -0.83% | -1.06% | |
Whitehaven Coal | 2.80% | -0.83% | -0.95% | |
Evolution Mining | 1.48% | -0.76% | -0.51% | |
Idp Education | 13.61% | -0.76% | -0.54% | |
Deep Yellow | 7.21% | -0.71% | -0.97% | |
Nufarm | 1.82% | -0.68% | -0.59% | |
Macquarie Technology Group | 2.37% | -0.66% | 0.51% | |
Credit Corp Group | 1.36% | -0.65% | -0.41% | |
Mineral Resources | 10.38% | -0.65% | -1.46% | |
Mount Gibson Iron | 0.04% | -0.61% | -0.37% | |
Clarity Pharmaceuticals | 6.49% | -0.55% | -0.58% | |
Megaport | 1.77% | -0.55% | -1.45% | |
Liontown Resources | 6.41% | -0.54% | -0.42% | |
Austal | 0.53% | -0.53% | -0.54% | |
NextDC | 6.23% | -0.50% | -1.31% | |
Nuix | 2.91% | -0.50% | -0.72% |
Interesting takeaways
Paladin Energy shorts retreat: Paladin Energy experienced a sizeable drop in short interest as the stock rallied to a seven-month high last week. Recent catalysts include a US-UK agreement to accelerate nuclear power approvals and signals from US Energy Secretary Chris Wright about plans to increase the national strategic uranium stockpile.
Mixed picture for gold miners: An unusual basket of gold miners is experiencing short covering, including Regis Resources, Emerald Resources, Bellevue Gold, Vault Minerals and Evolution Mining. This suggests growing short interest among large caps but short covering among mid caps.
Covering continues on beaten-down names: Short sellers continue to exit positions in battered stocks like The Star, Monash IVF, Peninsula Energy (which is bouncing), OFX Group and Kogan.
