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) continues to be the most shorted ASX share with short interest over 21.6%. This is up slightly week on week. Short sellers appear to believe that the uranium miner will disappoint with its production beyond 2026.
• Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease again to 16.9%. Short sellers have been closing positions after this pizza chain operator was the subject of takeover speculation.
• Pilbara Minerals Ltd (ASX: PLS) has short interest of 12.8%, which is down week on week again. Many analysts believe that the lithium oversupply will be around for longer than expected.
• Paladin Energy Ltd (ASX: PDN) has short interest of 12%, which is flat since last week. Short sellers appear to be expecting production ramp-up disappointment from this uranium miner.
• IDP Education Ltd (ASX: IEL) has 11.9% of its shares held short, which is up week on week. This language testing and student placement company is struggling with unfavourable student visa changes.
• Guzman Y Gomez Ltd (ASX: GYG) has short interest of 11.5%, which is down since last week. This burrito seller’s poor start to life in the United States market could be weighing on sentiment.
• PWR Holdings Ltd (ASX: PWH) has short interest of 11.2%, which is up week on week. This motorsport products company’s shares have come under pressure as it goes through a lengthy transitional period.
• Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 11.1%, which is up since last week. Short sellers aren’t giving up on this travel agent despite it revealing a positive start to the year.
• IPH Ltd (ASX: IPH) has joined the top ten with 10.8% of its shares held short. Weak trading conditions in the intellectual property services market could be behind this.
• Polynovo Ltd (ASX: PNV) has short interest of 10.6%, which is down since last week. Short sellers don’t appear to believe this medical device company’s shares deserve their premium valuation.

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

More reading

• Why this leading fundie forecasts a big uplift for Flight Centre shares
• Why Accent, DroneShield, Lovisa, and Pilbara Minerals shares are sinking today
• These ASX dividend stocks offer 7% to 10% yields
• Which ASX lithium share is the ‘highest quality lithium miner on the ASX’?
• Here are the top 10 ASX 200 shares today

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