These are the 10 most shorted shares on the ASX

Short sellers are targeting these ASX shares…

Image source: Getty Images

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

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:

  • Kogan.com Ltd (ASX: KGN) remains the most shorted share on the ASX with short interest of 11.5%, which was down slightly week on week once again. Short sellers have been targeting Kogan due to significant inventory issues and a slowdown in sales. However, the recent outbreak of COVID-19 has given Kogan's shares a major boost, much to the dismay of short sellers.
  • Webjet Limited (ASX: WEB) has seen its short interest rise to 10.6%. Short sellers appear to believe this online travel agent's shares are overvalued given the stuttering travel market recovery. Especially considering the recent outbreak in Sydney.
  • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest ease to 9%. As with Webjet, lockdowns and border closures appear to be weighing on this travel agent as well. There are concerns that the domestic travel market recovery could be derailed by the latest COVID outbreak.
  • Inghams Group Ltd (ASX: ING) has 8.8% of its shares held short, which is up week on week once again. Short sellers may have concerns over risks associated with an upcoming major contract renewal with a supermarket giant.
  • Electro Optic Systems Hldg Ltd (ASX: EOS) has 8.4% of its shares held short, which is down week on week once again. There are concerns this communications, defence, and space company could be negatively impacted by supply chain issues. Unusual accounting methods and its lack of cash generation could also be weighing on sentiment.
  • Tassal Group Limited (ASX: TGR) has short interest of 8.1%, which is down notably week on week. Short sellers may be closing positions on the belief that salmon prices are rebounding.
  • Resolute Mining Limited (ASX: RSG) has seen its short interest tumble to 8%. Short sellers may believe this gold miner is now over the worst of its issues. These include production disruption and regulatory concerns.
  • Temple & Webster Group Ltd (ASX: TPW) has seen its short interest ease to 7.9%. Short sellers may be regretting this one. As with Kogan, the recent outbreak of COVID-19 has given ecommerce companies a major lift.
  • Zip Co Ltd (ASX: Z1P) has short interest of 7.4%, which is up week on week. Short sellers could believe that Zip's Quadpay business will be disrupted by Afterpay's new pay anywhere service.
  • Metcash Limited (ASX: MTS) has re-entered the top ten with short interest of 7%. However, unfortunately for short sellers, the Metcash share price is pushing higher today after delivering strong profit growth in FY 2021 and announcing a share buyback.

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

Motley Fool contributor 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 and has recommended Electro Optic Systems Holdings Limited, Kogan.com ltd, Temple & Webster Group Ltd, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Electro Optic Systems Holdings Limited, Kogan.com ltd, and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

Broker looking at the share price.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ARB, Block, Mayne Pharma, and Paladin Energy shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman puts her hands up as she smashes and breaks through a glass ceiling.
Share Gainers

How these 5 ASX 200 stocks are smashing the benchmark this week

These fives ASX 200 stocks have made some very happy shareholders this week. Here’s how.

Read more »

Bored man sitting at his desk with his laptop.
Share Fallers

Why Catalyst Metals, Duratec, Nufarm, and Rio Tinto shares are dropping today

These shares are ending the week in the red. But why?

Read more »

A smiling woman at a hardware shop selects paint colours from a wall display.
Broker Notes

After its strategy day, what does Macquarie think Wesfarmers shares are worth?

Let's see what the broker is saying about this blue chip.

Read more »

Buy, hold, and sell ratings written on signs on a wooden pole.
Technology Shares

After surging 13% yesterday, are TechnologyOne shares a buy, hold or sell according to Macquarie?

Valuations matter when investing, and Macquarie feels no different.

Read more »