Once a week, I like to look at ASIC’s short position report to find out which ASX shares are being targeted by short sellers.

That’s because I believe it is 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:

• Lotus Resources Ltd (ASX: LOT) remains the most shorted ASX share with short interest of 22.8%. This ASX uranium stock suspended its shares late last month pending an update on its Kayelekera Project. At present, Lotus shares are due to stay suspended until 16 July.
• Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease again to 14%. It seems that short sellers aren’t confident the pizza chain operator’s turnaround will be successful.
• Boss Energy Ltd (ASX: BOE) has short interest of 13.4%, which is down week on week again. This uranium miner’s production outlook from 2027 is uncertain, with an update due by the end of August.
• DroneShield Ltd (ASX: DRO) has seen its short interest fall to 12%. This counter-drone technology company has been targeted by more short sellers since it announced an ASIC investigation into some announcements and insider share sales.
• Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 12%, which is down meaningfully since last week. Short sellers may have been closing positions after the radiopharmaceuticals company announced the successful outcome of a Type B meeting with the US FDA.
• Paladin Energy Ltd (ASX: PDN) has 11.55% of its shares held short, which is up week on week. It is yet another uranium producer that short sellers are targeting.
• CAR Group Limited (ASX: CAR) has short interest of 11.5%, which is down since last week. There may be concerns that higher interest rates could weigh on the automotive market and listing volumes.
• Flight Centre Travel Group Ltd (ASX: FLT) has 11.4% of its shares held short, which is down slightly week on week. This travel agent downgraded its earnings guidance last month due to negative impacts from the Middle East conflict. Short sellers may believe the recovery won’t be as quick as many expect.
• Treasury Wine Estates Ltd (ASX: TWE) has short interest of 11%. The Penfolds owner is facing tough trading conditions due to the cost of living crisis.
• 4DMedical Ltd (ASX: 4DX) has seen its short interest ease again to 11%. This medical technology company is growing rapidly but its shares trade on sky-high multiples. Short sellers may believe its valuation is excessive.

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, DroneShield, Telix Pharmaceuticals, and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has recommended CAR Group Ltd, Domino’s Pizza Enterprises, Flight Centre Travel Group, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear, DroneShield, Hub24, Light & Wonder Inc, PEXA Group, Telix Pharmaceuticals, and WiseTech Global. The Motley Fool Australia has positions in and has recommended PEXA Group and WiseTech Global. The Motley Fool Australia has recommended Cochlear, Hub24, Light & Wonder Inc, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Although ASX investors love to buy financial stocks if they are seeking dividend income, most often start and stop with the ASX banks. Whilst the banks are indeed lucrative sources of passive dividend income, there are many other financial stocks that are popular too. Insurance Australia Group Ltd (ASX: IAG) shares are a great example. 

IAG, the insurance company behind popular insurance brands like NRMA, has been listed on the ASX for decades. Over its ASX life, it has built up a solid reputation as a reliable income stock. Heck, even Warren Buffett invested in IAG a few years ago.

IAG shares have enjoyed a happy few months, currently up more than 20% since March. However, the company is also down by about 5% over the past year. 

But let’s dive into just how much IAG shares are offering investors who are searching for dividends today.

IAG shares: How’s that dividend yield looking?

At the time of writing, IAG shares are trading at $8.08 each, down 0.49% for the day thus far. At this price, the insurance stock is trading on a trailing dividend yield of 3.84%.

That comes from IAG’s last two dividend payments. The first of those was the final dividend, worth 19 cents per share, that investors received last September. The second, the interim dividend from March, was worth 12 cents per share. Both payments came partially franked, at 40% and 25% respectively.

That 12-month total of 31 cents per share gives IAG that 3.84% yield at current pricing. 

However, this yield doesn’t mean investors are guaranteed a 3.84% yield going forward. Like all trailing dividend yields, it only reflects what investors have already received in income, not what they might get going forward. We can’t know for sure what kind of dividends IAG will pay out over the next 12 months until the company reveals them. Insurance stocks do tend to be a bit more unpredictable than the average ASX dividend share, too, given the unpredictable nature of their business models. 

In some comfort to IAG investors, though, some ASX brokers are eyeing off IAG at the current price. As my Fool colleague covered late last month, brokers at investment bank Goldman Sachs have recently given IAG shares a ‘buy’ rating, together with a 12-month share price target of $8.60. That would see some decent upside for investors if accurate. But we shall have to wait and see what IAG pulls out of its hat over the rest of the year. 

 

 

 

 

 

 

 

The post Buying IAG shares? Here’s the dividend yield you’ll get today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.