The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 45
Short sellers remain bearish on lithium and uranium, piled into Nick Scali and took profits on battered names like Lotus and The Star.
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 22 October and 5 November 2024
Month-on-month changes between 8 October and 5 November 2024
Most Shorted
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Pilbara Minerals | 18.79% | -0.57% | -0.26% | |
Boss Energy | 15.22% | 0.17% | 1.73% | |
Idp Education | 14.88% | 0.47% | 0.70% | |
Paladin Energy | 14.83% | 0.96% | 0.78% | |
Syrah Resources | 12.94% | 0.00% | 0.14% | |
Liontown Resources | 9.91% | -0.46% | -0.63% | |
Lynas Rare Earths | 9.88% | -0.12% | 0.06% | |
Deep Yellow | 9.87% | -0.03% | -0.01% | |
Mineral Resources | 9.87% | -0.42% | -2.81% | |
Domino's Pizza | 9.38% | 1.51% | 2.40% |
Key takeaways:
Investors remain bearish on lithium and uranium
Boss Energy remains the #2 most shorted stock as of mid-October
Domino's short interest continues to climb towards record levels (Nov 2022: 11.7%) after the company announced a downbeat trading update on Tuesday, 5 November. The key takeaways from the announcement include:
CEO Don Meij to retire, replaced with former Coca-Cola executive Mark van Dyck
First 17-weeks of FY25 recorded Group same store sales of -1.2% vs. +2.7% in the prior corresponding period
Australia continues to grow after strong sales from the previous year, Singapore also growing strongly while Taiwan returned to sales growth
German sales remain negative after cycling record sales from the prior year
French and Japan sales remain negative year-to-date, with more work required in these markets
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Nick Scali | 5.39% | 1.69% | 3.18% | |
Domino's Pizza | 9.38% | 1.51% | 2.40% | |
Adriatic Metals Plc | 8.35% | 1.32% | 1.21% | |
Cettire | 7.61% | 1.08% | -1.41% | |
Audinate Group | 6.46% | 0.97% | 2.02% | |
Paladin Energy | 14.83% | 0.96% | 0.78% | |
St Barbara | 2.31% | 0.93% | 1.03% | |
Endeavour Group | 3.22% | 0.82% | 0.89% | |
Lovisa | 4.27% | 0.80% | 0.82% | |
Tyro Payments | 1.56% | 0.79% | 1.47% | |
Galan Lithium | 1.48% | 0.78% | 0.84% | |
Ampol | 5.46% | 0.75% | 0.94% | |
Droneshield | 4.20% | 0.71% | 1.89% | |
Sigma Healthcare | 4.02% | 0.66% | 1.79% |
Key takeaways:
Nick Scali is attracting substantial short interest after a 21-Oct trading update missed market expectations, driven by reduced delivered sales and a lower gross margin affected by higher freight costs
Short interest in silver and gold names like Adriatic Metals and St Barbara have started to tick higher. Trump's victory (higher US dollar, higher yields and risk-on) has taken some heat out of these safe haven commodities.
Most Covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Lotus Resources | 5.23% | -3.94% | -3.10% | |
The Star Entertainment | 3.71% | -3.82% | -2.07% | |
Insignia Financial | 2.49% | -1.77% | -1.83% | |
Flight Centre Travel | 5.49% | -1.58% | -0.78% | |
Web Travel | 2.32% | -1.06% | -3.94% | |
Bellevue Gold | 7.07% | -1.04% | 0.42% | |
Super Retail | 1.46% | -0.87% | -1.17% | |
Chalice Mining | 5.39% | -0.87% | -1.51% | |
Gold Road Resources | 0.99% | -0.87% | -1.09% | |
Core Lithium | 2.14% | -0.67% | 0.23% | |
Capricorn Metals | 1.30% | -0.64% | -0.49% | |
Qantas Airways | 0.63% | -0.57% | -0.51% | |
Pilbara Minerals | 18.79% | -0.57% | -0.26% | |
Credit Corp | 1.54% | -0.56% | -0.67% | |
DUG Technology | 0.40% | -0.51% | -0.08% |
Key takeaways:
Short sellers appear to be taking profit from battered names like Lotus Resources (raised $130m at 20% discount on 24 October), The Star (fell 44% on 27 September) and travel stocks like Web Travel and Flight Centre
