These are the 10 most shorted shares on the ASX

InvoCare Limited (ASX:IVC), Webjet Limited (ASX:WEB), Zip Co Ltd (ASX:Z1P) shares are among the most shorted shares on the ASX…

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Every Monday 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:

  • Myer Holdings Ltd (ASX: MYR) remains the most shorted share on the Australian share market with 12% of its shares held short. The department store operator continues to be targeted by short sellers who appear to believe the shift to online shopping will accelerate its structural decline.
  • Webjet Limited (ASX: WEB) has seen its short interest spike to 12%. A recent rebound in the Webjet share price appears to have caught the eye of short sellers. Especially given how recent border closures have hit the domestic travel market recovery hard. Webjet releases its results this week.
  • Speedcast International Ltd (ASX: SDA) continues to have short interest of 11.7%. The communications satellite technology provider's shares have been suspended since February while it declares itself bankrupt. Last week it made progress and announced that it has received a US$395 million equity commitment to complete its chapter 11 recapitalisation.
  • Inghams Group Ltd (ASX: ING) has 10.2% of its shares held short, which is up week on week once again. Short sellers appear to believe a disappointing result is coming from the poultry company due to rising input costs and an unfavourable sales mix.
  • Orocobre Limited (ASX: ORE) has seen its short interest push higher week on week again to 8.9%. The lithium miner continues to be a favourite of short sellers due to an oversupply of the battery making ingredient and weak demand.
  • InvoCare Limited (ASX: IVC) has entered the top ten with short interest of 7.9%. Investors appear concerned that the funeral company may struggle during the pandemic from social distancing restrictions.
  • CLINUVEL Pharmaceuticals Limited (ASX: CUV) has seen its short interest remain flat at 7.8%. This may be in relation to the impact lockdowns are having on demand for its SCENESSE product. This product is used to prevent skin damage from the sun in people with erythropoietic protoporphyria.
  • FlexiGroup Limited (ASX: FXL) has seen its short interest fall week on week to 7.8%. Short sellers remain unsure about the financial services company's overall prospects despite its growing BNPL business.
  • Bank of Queensland Limited (ASX: BOQ) has seen its short interest fall slightly to 7.7%. A series of better than feared updates out of the banking sector may have led to some short sellers closing positions.
  • Zip Co Ltd (ASX: Z1P) has short interest of 7.5%, which is down notably week on week. Some short sellers may be closing their positions ahead of its full year results this month. If history is a guide, a strong result could lead to its shares rocketing higher.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended FlexiGroup Limited and InvoCare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets lost their steam this Thursday.

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Broker Notes

3 amazing ASX 200 shares to buy and hold forever

Brokers think these shares are in the buy zone. Let's see why they could be top buy and hold picks.

Read more »

iPhone with the logo and the word Google spelt multiple times in the background.
Opinions

I've been buying these 2 US stocks in 2025. Here's why

Sometimes the US markets are a better place to go shopping for stocks.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why Catapult, Hutchinson, SKS, and West African shares are pushing higher today

These shares are having a strong session despite the market weakness.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Dexus, Mayne Pharma, Nufarm, and Treasury Wine shares are falling today

These shares are having a tough session on Thursday. But why?

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Mergers & Acquisitions

IAG share price lifts off on strategic alliance approval

IAG shares are racing higher in Thursday’s sinking market.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

A woman wearing a black and white striped t-shirt looks to the sky with her hand to her chin contemplating buying ASX shares today as the market rebounds
Share Market News

Where could the RBA interest rate go in the next 12 months?

Here’s what one expert thinks could happen with interest rates by early 2026.

Read more »