The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 50
A recap of the most heavily shorted stocks on the ASX and those experiencing significant changes to short interest over the past week.
Source: iStock
Mentioned
In this article
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 3 and 10 December 2024
Month-on-month changes between 12 November and 10 December 2024 (for most shorted only)
Most shorted
Code | Company | Short | Week Mvt | Monthly movement |
|---|---|---|---|---|
Paladin Energy Ltd | 15.66% | 0.19% | -0.22% | |
Boss Energy Ltd | 14.38% | 0.22% | -1.05% | |
Pilbara Minerals Ltd | 13.51% | 1.45% | -4.13% | |
Syrah Resources Ltd | 13.18% | 0.13% | -0.07% | |
Idp Education Ltd | 12.83% | -0.01% | -1.83% | |
Mineral Resources Ltd | 12.15% | 0.04% | 0.20% | |
Domino's PIZZA Enterprises Ltd | 11.24% | 0.42% | 1.82% | |
Deep Yellow Ltd | 10.61% | 0.07% | 0.73% | |
Lifestyle Communities Ltd | 10.52% | 2.13% | 2.71% | |
Lynas Rare EARTHS Ltd | 9.24% | 0.28% | -0.21% |
Key takeaways
Short interest in uranium continues. The inclusion of Paladin Energy and Boss Energy as the most and second-most shorted positions reflects the changing outlook for uranium. Paladin recently lowered its FY25 guidance and some market commentators believe that Boss Energy’s costs would be higher than expected in the coming year.
Lifestyle Communities has seen substantial activity in recent weeks with Macquarie selling its position to HMC Capital, while BlackRock reduced its holding in the company. The business has faced a range of challenges post negative media attention and a case in the Victorian Civil and Administrative Tribunal. Co-founder and managing director James Kelly is expected to retire by the end of the year.
Rising shorts
Code | Company | Short | Week Mvt |
|---|---|---|---|
Lifestyle Communities Ltd | 10.52% | 2.13% | |
Pilbara Minerals Ltd | 13.51% | 1.45% | |
Silver Mines Ltd | 2.24% | 1.39% | |
Megaport Ltd | 7.62% | 1.12% | |
Platinum Asset Management Ltd | 1.39% | 0.86% | |
The Star Entertainment Group Ltd | 6.04% | 0.74% | |
Aurum Resources Ltd | 0.85% | 0.64% | |
Champion Iron Ltd | 6.07% | 0.60% | |
Beach Energy Ltd | 1.73% | 0.50% | |
Domino's PIZZA Enterprises Ltd | 11.24% | 0.42% |
Key takeaways
Megaport has been punished by investors on its announcements of flat EBITDA growth and a lack of upgrade to FY25 guidance despite the company being tipped to benefit heavily from AI. The company was also recently downgraded by Goldman Sachs to NEUTRAL from Buy.
Takeover talks between Regal Partners (ASX: RPL) and Platinum Asset Management (ASX: PTM) failed last week and shares sank to a new low after it paid a special dividend on Thursday. Bell Potter changed its recommendation to Sell.
Most covered
Code | Company | Short | Week Mvt |
|---|---|---|---|
Integral Diagnostics Ltd | 3.54% | -1.07% | |
Nufarm Ltd | 3.11% | -0.87% | |
Nib Holdings Ltd | 2.78% | -0.87% | |
ST Barbara Ltd | 2.19% | -0.83% | |
Spartan Resources Ltd | 1.65% | -0.76% | |
Lovisa Holdings Ltd | 4.12% | -0.60% | |
Perpetual Ltd | 1.78% | -0.60% | |
GWA Group Ltd | 0.19% | -0.59% | |
Select Harvests Ltd | 2.68% | -0.51% | |
Liontown Resources Ltd | 9.24% | -0.42% |
Key takeaways
Integral Diagnostics' fortunes have improved after the company cleared an ACCC hurdle for a merger with Capitol Health, with brokers like Jarden Research positive on the merger.
Spartan Resources received approval for its underground gold mining at Dalgaranga in the past few weeks and subsequently raised $220 million in commitments from institutional investors to fast-track operations. It also recently offloaded non-core operations to Benz Mining.
