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Overview of Heavily Shorted Stocks on the ASX
The Short Seller Series provides an in-depth look into the stock market, focusing on the most shorted stocks on the Australian Securities Exchange (ASX) and those with notable fluctuations in short interest over the previous week. This report utilises short selling data that is reported three business days post-trade, thus the figures shared are slightly delayed.
Key Reporting Periods
- Week-on-Week: Changes between June 23 and June 30, 2025.
- Month-on-Month: Changes between May 26 and June 30, 2025.
- Features detailed tables tracking stocks with changes of 0.5% or more in short interest.
Most Shorted Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| PDN | Paladin Energy | 16.03% | +0.10% | +0.73% |
| BOE | Boss Energy | 15.07% | -1.42% | -6.13% |
| MIN | Mineral Resources | 13.84% | -0.16% | -0.06% |
| PLS | Pilbara Minerals | 13.23% | +0.03% | +1.09% |
| LTR | Liontown Resources | 12.59% | -0.06% | -0.13% |
| IEL | IDP Education | 11.48% | +1.29% | -0.48% |
| SLX | Silex Systems | 11.21% | -0.14% | +1.95% |
| PNV | Polynovo | 10.67% | +0.07% | +0.06% |
| LIC | Lifestyle Communities | 10.04% | -0.12% | +0.05% |
| JHX | James Hardie Industries | 9.59% | +2.45% | +2.75% |
Key Insights:
- Boss Energy’s Decline: Took a major hit, dropping to 15.07% from 19.75% last month, reflecting ongoing market concerns as its shares fell approximately 15% in July.
- IDP Education’s Resurgence: Experienced a rebound in short interest following a 48% fall in share price linked to dismal forecasts regarding student placement volumes for FY25.
- James Hardie’s Rise: Entered the top ten shorted stocks after its acquisition of Azek was approved, despite concerns regarding potential impacts on its high return profile.
Stocks Facing Rising Short Interest
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| JHX | James Hardie Industries | 9.59% | +2.45% | +2.75% |
| IEL | IDP Education | 11.48% | +1.29% | -0.48% |
| IDX | Integral Diagnostics | 3.68% | +1.10% | +1.36% |
| ADH | Adairs | 2.08% | +0.86% | +0.88% |
| SGR | The Star Entertainment | 2.70% | +0.75% | -4.70% |
| WGX | Westgold Resources | 2.29% | +0.56% | +0.27% |
| WHC | Whitehaven Coal | 6.24% | +0.52% | +0.88% |
| FLT | Flight Centre Travel | 5.52% | +0.52% | +1.05% |
Noteworthy Trends:
- Significant developments were observed mainly in James Hardie and IDP Education, with their shares showing notable changes in sentiment among investors.
Most Covered Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| DMP | Domino’s Pizza | 6.03% | -2.70% | -3.61% |
| ADT | Adriatic Metals | 2.92% | -2.64% | -2.85% |
| CKF | Collins Foods | 1.95% | -2.62% | -2.85% |
| BMN | Bannerman Energy | 5.41% | -2.25% | -2.73% |
| BOE | Boss Energy | 15.07% | -1.42% | -6.13% |
| AGE | Alligator Energy | 0.25% | -1.41% | -0.07% |
| CU6 | Clarity Pharmaceuticals | 6.65% | -0.96% | -2.19% |
| RMS | Ramelius Resources | 6.34% | -0.79% | -0.10% |
| HUM | Humm Group | 0.75% | -0.74% | -0.28% |
| PNI | Pinnacle Investment Management | 1.76% | -0.59% | -0.60% |
| DVP | Develop Global | 1.31% | -0.59% | -0.67% |
| NST | Northern Star Resources | 0.43% | -0.56% | -0.18% |
| NEU | Neuren Pharmaceuticals | 5.50% | -0.53% | -0.74% |
Key Developments:
- Domino’s Pizza saw a drastic reduction in short interest, which could be attributed to a major leadership change announced late on July 2. Following this news, the stock experienced a significant sell-off.
- Adriatic Metals responded positively to increased acquisition interest and rising commodity prices, as short interest dipped.
- Collins Foods registered a significant price increase driven by favourable FY25 results, prompting a squeeze on short sellers.
Conclusion
The latest data on short selling highlights significant trends and behavioural shifts in the ASX market. Companies like Boss Energy and IDP Education showcase the ongoing volatility that drives short selling dynamics, while others like James Hardie and Domino’s Pizza highlight the impact of corporate developments on investor sentiment. The landscape illustrates the pulsating nature of stock trading and investor strategies in a fluctuating market.
