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Short Seller Series: Weekly Overview of Shorted ASX Stocks
Welcome to the latest edition of the Short Seller Series, where we provide insights into the most heavily shorted stocks on the Australian Securities Exchange (ASX) and highlight any notable changes in short interest over the past week. Please note that the short selling data is typically reported with a delay of four days due to regulatory requirements.
Analysis Periods
Our analysis compares the following intervals:
- Week-on-week changes: Data from 30 June to 7 July
- Month-on-month changes: Data from 6 June to 7 July
- Rising Shorts: Stocks seeing short positions increase by 0.5% or more on a week-on-week basis
Most Shorted Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| PDN | Paladin Energy | 16.28% | 0.25% | 0.88% |
| BOE | Boss Energy | 14.07% | -1.00% | -5.43% |
| MIN | Mineral Resources | 13.84% | 0.00% | -0.75% |
| PLS | Pilbara Minerals | 13.72% | 0.49% | 0.90% |
| LTR | Liontown Resources | 12.58% | -0.01% | -0.05% |
| IEL | IDP Education | 11.81% | 0.33% | 0.34% |
| SLX | SILEX Systems | 11.22% | 0.01% | 1.36% |
| PNV | Polynovo | 10.96% | 0.29% | 0.33% |
| LIC | Lifestyle Communities | 10.10% | 0.06% | 0.14% |
| CTD | Corporate Travel Management | 9.93% | 0.40% | 0.01% |
Key Takeaways
- Boss Energy continues to see a reduction in short interest, now at its lowest since early December 2024. This decline comes amid a pullback in uranium stocks following a significant rally.
- Paladin Energy has notably underperformed compared to Boss Energy, though this trend appears to be reversing slightly.
Rising Short Interest
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| CU6 | Clarity Pharmaceuticals | 7.92% | 1.27% | 0.72% |
| AMC | Amcor | 2.06% | 1.21% | 0.78% |
| BPT | Beach Energy | 3.35% | 0.72% | 0.26% |
| ALK | Alkane Resources | 2.69% | 0.56% | 1.34% |
| WA1 | WA1 Resources | 2.38% | 0.56% | 0.48% |
Key Takeaways
- Clarity Pharmaceuticals has experienced the highest increase in short positions, possibly influenced by concerns around its clinical trials or shifts within the biotech sector.
- Amcor saw a rise in short interest despite an uptick in its stock price following an upgrade from UBS analysts, indicating mixed investor sentiment.
Most Covered Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| IMU | Imugene | 0.00% | -5.21% | -5.24% |
| JHX | James Hardie Industries | 5.57% | -4.02% | -1.09% |
| BMN | Bannerman Energy | 3.95% | -1.46% | -4.58% |
| BOE | Boss Energy | 14.07% | -1.00% | -5.43% |
| DMP | Domino’s Pizza | 5.26% | -0.77% | -4.48% |
| IGO | IGO | 7.54% | -0.76% | -1.31% |
| SPR | Spartan Resources | 2.33% | -0.75% | -0.44% |
| DYL | Deep Yellow | 8.40% | -0.73% | -2.48% |
| MP1 | Megaport | 2.31% | -0.62% | -1.95% |
| WHC | Whitehaven Coal | 5.68% | -0.56% | 0.14% |
| LYC | Lynas Rare Earths | 6.50% | -0.52% | -1.88% |
Key Takeaways
- Imugene’s short interest has dropped to zero, which may indicate a significant shareholder recalling short positions, coinciding with a trading halt for a proposed capital raising.
- James Hardie’s short positions have decreased following the successful acquisition of AZEK, reflecting a positive shift in investor confidence.
This summary encapsulates the current landscape of short selling on the ASX, providing you with vital insights into market sentiments and trends affecting key stocks.
