These are the 10 most shorted ASX shares

At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Domino’s Pizza Enterprises Ltd (ASX: DMP) has become the most shorted ASX share with short interest of 17.3%. Though, this is down slightly week on week. Short sellers appear to be doubting that this pizza chain operator’s turnaround strategy will be a success.
• Boss Energy Ltd (ASX: BOE) has seen its short interest reduce materially to 16.3%. This uranium producer’s shares have rallied strongly since the start of the year amid optimism over uranium demand and prices.
• Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.8%, which is up week on week. This taco and burrito seller’s performance has been softer than expected, especially in the United States.
• Treasury Wine Estates Ltd (ASX: TWE) has seen its short interest jump to 13%. This wine giant is facing distributor uncertainty in the United States and unfavourable consumer trends.
• IDP Education Ltd (ASX: IEL) has 12.3% of its shares held short, which is up week on week. Student visa changes in key markets are negatively impacting the company’s performance and outlook.
• Paladin Energy Ltd (ASX: PDN) has short interest of 11.9%, which is down week on week again. This uranium producer’s shares hit a 52-week high last week, much to the dismay of short sellers.
• Polynovo Ltd (ASX: PNV) has short interest of 11.7%, which is up since last week. This may be due to concerns over this medical device company’s valuation.
• Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 11.3%, which is flat week on week. Short sellers may believe that this radiopharmaceuticals company could struggle with its FDA approvals and increased regulatory scrutiny.
• Flight Centre Travel Group Ltd (ASX: FLT) is back in the top ten with short interest of 11.1%. This may be due to concerns over the travel agent’s revenue margin outlook.
• PWR Holdings Ltd (ASX: PWH) has short interest of 10.7%, which is down week on week again. Short sellers have been closing positions after this advanced cooling products and solutions provider’s shares jumped to a 52-week high thanks to a defence contract win.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises, PWR Holdings, PolyNovo, Telix Pharmaceuticals, and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended PWR Holdings and Treasury Wine Estates. The Motley Fool Australia has recommended Domino’s Pizza Enterprises, Flight Centre Travel Group, PolyNovo, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.