The Top 10 Most Shorted ASX Stocks Alongside This Week’s Biggest Movers – Week 23

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Short Seller Series: ASX Heavily Shorted Stocks

Welcome back to the latest edition of the Short Seller Series, where we highlight the most heavily shorted stocks on the Australian Securities Exchange (ASX) and track significant changes in short interest over the past week. Please note that short selling data is available with a four-day lag due to reporting protocols.

Overview of Short Selling Data

Our analysis includes:

  • Week-on-week changes tracked from 19 to 26 May 2025.
  • Month-on-month changes monitored from 29 April to 19 May 2025.
  • Listings of most shorted and rising short stocks with changes of 0.5% or more.

Most Heavily Shorted Stocks

Ticker Company Short % Week-on-Week Month-on-Month
BOE Boss Energy 21.20% -0.50% -4.43%
PDN Paladin Energy 15.30% -0.33% -1.10%
MIN Mineral Resources 13.90% -0.43% 0.45%
LTR Liontown Resources 12.72% -0.04% 0.80%
PLS Pilbara Minerals 12.14% -0.15% 0.21%
IEL IDP Education 11.96% -0.69% 0.28%
DYL Deep Yellow 11.03% -0.60% -1.47%
PNV Polynovo 10.61% -0.37% 0.45%
KAR Karoon Energy 10.12% 0.00% 0.65%
LIC Lifestyle Communities 9.99% 0.11% -0.31%

Key Insights

  • Stability at the Top: No significant changes have been observed among the top shorted stocks this week.
  • Uranium Stocks Declining: There has been a notable decrease in short interest for uranium-focused companies, fuelled by a rebound in uranium prices to a three-month high of US$72/lb. Recent regulatory changes in the US to facilitate the construction of nuclear reactors have further heightened positive sentiment regarding uranium demand.

Rising Short Interest Stocks

Ticker Company Short % Week-on-Week Month-on-Month
ALK Alkane Resources 1.29% ~ 1.09%
NUF Nufarm 3.03% 2.06% 1.52%
CRN Coronado Global 3.26% 1.15% 1.22%
APX Appen 3.66% 1.05% 1.94%
TWE Treasury Wine Estates 8.57% 1.01% 1.47%
KGN Kogan.com 1.73% 0.86% 0.67%
LNW Light & Wonder Inc 1.53% 0.83% 0.89%
ORA Orora 3.02% 0.73% 0.96%
NVX Novonix 5.55% 0.51% 0.01%

Key Insights

  • Alkane Resources Sees Increase: The gold miner based in NSW reports rising short interest, climbing from zero to 1.29% since early May—its highest level since October 2024.
  • Nufarm Faces Challenges: Following a significant drop in its stock value due to disappointing half-year results, Nufarm is under pressure, with concerns about its balance sheet following a $28 million writedown. The company’s leverage has also increased, adding to industry scepticism about its future prospects.

Additional Insights on Declining Stocks

Ticker Company Short % Week-on-Week Month-on-Month
MP1 Megaport 4.46% -1.64% -3.30%
LOT Lotus Resources 7.75% -0.86% -2.62%
CTT Cettire 9.84% -0.82% -0.05%
IEL IDP Education 11.96% -0.69% 0.28%
MMS McMillan Shakespeare 1.68% -0.66% -1.32%
DYL Deep Yellow 11.03% -0.60% -1.47%
ADT Adriatic Metals Plc 5.77% -0.55% -0.20%
BOE Boss Energy 21.20% -0.50% -4.43%

Conclusion

Megaport shares have experienced a positive turnaround amid a broader recovery in the US software-as-a-service (SaaS) sector, whereas uranium stocks have seen a modest decline in short interest. These trends underscore the volatile nature of the market and highlight the importance of ongoing monitoring for investors navigating these turbulent waters.

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