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Table of Contents
Short Seller Series: Overview of Heavily Shorted Stocks on the ASX
This report revisits the latest developments in the world of short selling on the Australian Securities Exchange (ASX), focusing on stocks with significant short interest fluctuations over the past week. The data presented reflects trading activities up to June 6, 2025, with insights into short interest trends on both a weekly and monthly basis.
Key Metrics Under Review
- Weekly Changes (June 2 – June 6, 2025)
- Monthly Changes (April 1 – June 6, 2025)
- Stocks Witnessing Notable Short Interest Movements (0.4% or greater)
Most Shorted Stocks
| Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
|---|---|---|---|---|
| BOE | Boss Energy | 18.07% | -1.43% | -5.52% |
| PDN | Paladin Energy | 15.32% | -0.08% | -0.15% |
| MIN | Mineral Resources | 14.93% | +0.34% | +1.85% |
| PLS | Pilbara Minerals | 12.81% | -0.01% | +1.24% |
| LTR | Liontown Resources | 12.44% | -0.19% | +1.14% |
| PNV | Polynovo | 10.73% | +0.10% | +0.06% |
| CTT | Cettire | 10.65% | +0.13% | -0.08% |
| DYL | Deep Yellow | 10.52% | -0.36% | -1.79% |
| LIC | Lifestyle Communities | 10.23% | +0.27% | +0.11% |
| IEL | IDP Education | 10.21% | -1.26% | -2.89% |
Key Insights:
- Boss Energy has seen its short interest drop to a five-month low, decreasing by 25% since April. Despite a significant rally in uranium stocks earlier this year, the sector has faced a stagnant period recently. Notable developments include Trump’s executive orders enhancing US nuclear energy support and a landmark supply contract by China General Nuclear Power Group, proposing a substantial increase in price for uranium deliveries.
Rising Short Interest
| Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
|---|---|---|---|---|
| NXL | NUIX | 2.54% | +0.60% | +0.95% |
| XYZ | Block | 1.17% | +0.54% | +0.46% |
| NAN | Nanosonics | 5.76% | +0.49% | +1.81% |
| FLT | Flight Centre Travel Group | 4.81% | +0.47% | +0.13% |
| KLS | Kelsian Group | 4.61% | +0.45% | +0.53% |
Key Insights:
- This period was relatively quiet concerning rising short activity, suggesting a stabilisation in several sectors.
Stocks with Decreasing Short Interest
| Ticker | Company | Short % | Week-on-Week Change | Month-on-Month Change |
|---|---|---|---|---|
| BOE | Boss Energy | 18.07% | -1.43% | -5.52% |
| IEL | IDP Education | 10.21% | -1.26% | -2.89% |
| BET | Betmakers Technology | 0.99% | -1.02% | -1.14% |
| CRN | Coronado Global | 1.98% | -0.87% | +0.28% |
| SGR | The Star Entertainment | 6.68% | -0.81% | -0.99% |
Key Insights:
- IDP Education faced a dramatic 48% drop in share value after significantly lowering its earnings guidance, which contributed to a massive market capitalisation loss of $1 billion. The decline illustrates various regulatory challenges impacting educational placements. While short sellers reaped considerable profits, short interest has since decreased, reaching levels not seen since early 2024.
Conclusion
As the ASX continues to navigate complex market dynamics, investors should monitor the evolving short interest trends closely. The interplay of regulatory changes, market confidence, and sector-specific developments remains critical to understanding the trajectory of these heavily shorted stocks.
