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Table of Contents
Short Seller Series: ASX Stock Trends and Insights
Welcome back to our Short Seller Series, where we analyse the most heavily shorted stocks on the Australian Securities Exchange (ASX) and track the significant shifts in short interest from the past week. It’s important to remember that short selling data is typically reported three business days after the trade, meaning this information reflects data from four days prior.
Overview of the Week
This week, we will look at:
- Changes from 26 May to 2 June 2025
- Fluctuations between 5 May and 26 May 2025
- The most covered stocks and those with rising short interests, focusing on changes of 0.5% or more
Most Shorted Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| BOE | Boss Energy | 19.50% | -1.70% | -5.35% |
| PDN | Paladin Energy | 15.40% | 0.10% | -0.84% |
| MIN | Mineral Resources | 14.59% | 0.69% | 1.10% |
| PLS | Pilbara Minerals | 12.82% | 0.68% | 1.29% |
| LTR | Liontown Resources | 12.63% | -0.09% | 0.27% |
| IEL | IDP Education | 11.47% | -0.49% | -0.85% |
| DYL | Deep Yellow | 10.88% | -0.15% | -1.53% |
| PNV | Polynovo | 10.63% | 0.02% | 0.28% |
| CTT | Cettire | 10.52% | 0.68% | 1.09% |
| LIC | Lifestyle Communities | 9.96% | -0.03% | 0.04% |
Key Insights:
- Minimal shifts among the most shorted stocks were observed this week.
- Boss Energy continues to see a decline in short interest from its peak of approximately 25% in April. Despite a 90% rally from its low on April 7, shares have retracted about 10% within the specified week.
Rising Short Interests
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| EVN | Evolution Mining | 4.84% | 3.54% | 3.55% |
| SIG | Sigma Healthcare | 3.33% | 2.04% | 1.88% |
| DGT | Digico Infrastructure REIT | 3.67% | 1.71% | 1.99% |
| NUF | Nufarm | 4.23% | 1.20% | 2.75% |
| IGO | IGO | 8.85% | 0.99% | 1.40% |
| APX | Appen | 4.48% | 0.82% | 2.22% |
| SX2 | Southern Cross Gold Consolidated | 0.92% | 0.82% | 0.87% |
| AMC | Amcor Plc | 1.28% | 0.78% | 0.95% |
| KGN | Kogan.com | 2.47% | 0.74% | 1.52% |
| LOT | Lotus Resources | 8.47% | 0.72% | -0.54% |
Key Insights:
- Evolution Mining experienced a notable rise in short interest, escalating from 1.3% on May 28 to 4.84%. The stock struggles due to uncertainties at its Red Lake Project and valuation concerns.
- Sigma Healthcare reached a four-month high in short interest, alongside a dramatic increase in trading volume on May 30, where around 630 million shares changed hands, almost tenfold its average. Analysts maintain a neutral stance, citing high P/E ratios for FY26 despite anticipated EPS growth.
Most Covered Stocks
| Ticker | Company | Short % | Week-on-Week | Month-on-Month |
|---|---|---|---|---|
| TWE | Treasury Wine Estates | 4.79% | -3.78% | -2.35% |
| GPT | GPT Group | 0.47% | -2.40% | -1.25% |
| JLG | Johns Lyng Group | 6.50% | -1.71% | -1.18% |
| BOE | Boss Energy | 19.50% | -1.70% | -5.35% |
| CU6 | Clarity Pharmaceuticals | 7.20% | -1.64% | -0.91% |
| MAC | MAC Copper | 2.19% | -1.41% | -2.11% |
| PTM | Platinum Asset Management | 4.33% | -1.20% | -0.57% |
| JIN | Jumbo Interactive | 1.44% | -1.17% | -0.52% |
| BOQ | Bank of Queensland | 3.30% | -0.94% | -0.01% |
| CAT | Catapult Group International | 1.22% | -0.86% | -0.39% |
Key Insights:
- An adjustment by Treasury Wine Estates on 3 June suggested lower FY25 earnings guidance, attributed to disappointing US shipments, notably affecting the 19 Crimes brand. Despite the downgrade, shares saw a slight recovery.
- In contrast, GPT Group’s short interest fell significantly, suggesting heightened confidence among investors. This change accompanied an unusual trading spike on May 30, driving share prices to a seven-month high.
This analysis highlights the dynamic landscape of short-selling in the Australian market, where both strategic plays and investor sentiment can lead to fluctuating trends in stock interests.
