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:

• Boss Energy Ltd (ASX: BOE) stays at the top of the list with short interest of 17.2%, which is down slightly since last week. Production concerns have been weighing on this uranium producer’s shares.
• Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease to 15.7%. Short sellers are betting against this struggling pizza chain operator’s turnaround strategy.
• Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.8%, which is flat week on week. This burrito seller’s shares crashed last week following the release of a disappointing half-year result.
• Treasury Wine Estates Ltd (ASX: TWE) has seen its short interest ease to 13.7%. Short sellers seem to believe the wine giant’s turnaround will take longer than expected.
• Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 12.4%, which is down week on week. This radiopharmaceuticals company has been facing delays with FDA approvals.
• Polynovo Ltd (ASX: PNV) has short interest of 12.3%, which is up since last week. Short sellers may believe this medical device company’s shares are overvalued at current levels.
• IPH Ltd (ASX: IPH) has short interest of 11.7%, which is up week on week. This intellectual property services company has been battling weaker volumes and market share losses.
• IDP Education Ltd (ASX: IEL) has 11% of its shares held short, which is down week on week. Changes to visa rules in key markets have weighed on this student placement and language testing company’s performance.
• Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 10.6%, which is down week on week. This may be due to concerns that the travel agent won’t deliver on its revenue margin targets.
• PWR Holdings Ltd (ASX: PWH) has short interest of 10.1%, which is flat week on week. This automotive cooling products company’s shares jumped last week following a strong half-year result.

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, IPH Ltd , 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.