The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 6
Short interest increased in stocks like Amcor and Lynas, while bearish bets were covered for names like James Hardie and Paladin Energy.
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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 20 and 28 January 2026
Month-on-month changes between 16 December 2025 and 28 January 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 Enterprises | 17.21% | -0.11% | -0.57% | |
Boss Energy | 16.12% | -0.15% | -8.45% | |
Guzman Y Gomez | 13.95% | 0.16% | 0.60% | |
Treasury Wine Estates | 13.40% | 0.45% | 5.20% | |
Polynovo | 12.09% | 0.42% | 0.40% | |
Idp Education | 12.08% | -0.19% | 0.42% | |
Flight Centre Travel Group | 11.74% | 0.66% | 0.60% | |
Telix Pharmaceuticals | 11.32% | 0.05% | 0.27% | |
IPH | 10.79% | 0.67% | -0.34% | |
Paladin Energy | 10.48% | -1.39% | -2.84% |
Key takeaways
Not much movement among the most shorted stocks
Rising Shorts
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
Amcor | 1.67% | 1.63% | -0.18% | |
Lynas Rare Earths | 8.45% | 0.82% | 2.99% | |
Generation Development Group | 5.14% | 0.67% | 1.75% | |
IPH | 10.79% | 0.67% | -0.34% | |
Flight Centre | 11.74% | 0.66% | 0.60% | |
Breville Group | 8.27% | 0.55% | 1.29% | |
Novonix | 3.41% | 0.54% | 1.07% | |
AUB Group | 2.45% | 0.48% | 0.81% | |
Bannerman Energy | 5.22% | 0.46% | 1.06% | |
Treasury Wine Estates | 13.40% | 0.45% | 5.20% | |
Inghams Group | 5.85% | 0.44% | -0.91% | |
Pinnacle Investment Management Group | 5.73% | 0.44% | 2.32% | |
CAR Group | 2.40% | 0.43% | 0.80% | |
Polynovo | 12.09% | 0.42% | 0.40% | |
Centuria Office REIT | 3.51% | 0.40% | 0.57% |
Key takeaways
Amcor's short interest has spiked from effectively nothing to 1.63% following its 2Q26 result on Wednesday. The stock rose as much as 2.7% after reporting numbers that were up massively year-on-year, reflecting the Berry acquisition and operational efficiencies. Management reaffirmed FY26 guidance of $4.00-4.15 EPS and free cash flow between $1.8-1.9 billion.
Lynas is attracting some short interest despite relatively positive recent headlines, including USA Rare Earths signing a non-binding agreement with the Commerce Department for $1.6 billion in funding and Trump launching a $12 billion critical minerals stockpile. While shares dipped approximately 15% between January 23 and February 2, they have since recouped most of those declines.
Most Covered
Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
James Hardie | 2.12% | -1.64% | -0.08% | |
Paladin Energy | 10.48% | -1.39% | -2.84% | |
PLS Group | 7.17% | -0.79% | -3.05% | |
Develop Global | 3.63% | -0.77% | -1.67% | |
Viva Energy Group | 1.62% | -0.62% | -1.36% | |
Aspen Group | 0.85% | -0.57% | 0.35% | |
Digico Infrastructure REIT | 8.09% | -0.56% | 0.11% | |
Iluka Resources | 7.47% | -0.53% | 0.78% | |
Chalice Mining | 3.19% | -0.51% | -0.78% | |
Light & Wonder | 1.31% | -0.48% | 1.02% | |
Champion Iron | 4.80% | -0.45% | -0.65% | |
Rio Tinto | 6.81% | -0.43% | -1.21% | |
Amplitude Energy | 0.47% | -0.43% | -0.23% | |
Catalyst Metals | 1.49% | -0.40% | -0.07% | |
News Corporation | 0.69% | -0.40% | 0.17% | |
Zip Co | 5.17% | -0.40% | 1.04% |
Key takeaways
James Hardie's short interest continues to trend lower in recent weeks as the stock has rallied around 36% since its November 6, 2025 low. This follows a massive downward spiral that saw shares fall roughly 60% from March 2024. The battered building materials company has benefited from several positive developments, including an FY26 adjusted EBITDA guidance upgrade (from $1.05-1.15 billion to $1.20-1.25 billion) on November 18, Trump's push to increase housing supply, and a move to close three US manufacturing facilities to generate further cost savings.
Paladin Energy's short interest sits at its lowest level since September 2024, well below August 2025 highs of almost 19%. The stock has rallied strongly this year, up 40% year-to-date after briefly touching 50%, as uranium prices crossed $100/lb for the first time since February 2024.
