These are the 10 most shorted ASX shares

Let's see which shares short sellers are targeting this week.

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.

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:

  • Pilbara Minerals Ltd (ASX: PLS) continues its very long run as the most shorted share on the ASX. The lithium miner's short interest is currently 22.1%, which is up week on week yet again. Short sellers appear confident that weak lithium prices are going to squeeze this miner's profits for several years.
  • IDP Education Ltd (ASX: IEL) has 13% of its shares held short, which is up since last week. Short sellers have successfully targeted this language testing and student placement company due to the negative impact of changes to student visas. These changes are weighing on volumes and profits.
  • Liontown Resources Ltd (ASX: LTR) has 11.7% of its share held short, which is up week on week again. This miner has just commenced production at the Kathleen Valley Lithium Project, adding more lithium to a market that is already battling oversupply and low prices.
  • Chalice Mining Ltd (ASX: CHN) has short interest of 11.2%, which is up week on week once again. There have been concerns over the commodity price assumptions used in this mineral exploration company's project studies.
  • Syrah Resources Ltd (ASX: SYR) has short interest of 10.9%, which is up week on week. Short sellers have been successfully shorting this struggling graphite miner due to weak battery material prices and its ongoing cash burn.
  • Lynas Rare Earths Ltd (ASX: LYC) has seen its short interest rise again to 10.7%. This is likely to be due to weak rare earths prices.
  • Cettire Ltd (ASX: CTT) has 10.1% of its shares held short, which is up again week on week. This luxury products retailer's shares have fallen heavily from recent highs due to concerns over a deterioration in trading conditions and criticism of its business model and customer policies.
  • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest fall to 9.9%. This may be due to doubts that the travel agent will achieve its revenue margin targets.
  • Strike Energy Ltd (ASX: STX) has entered the top ten with short interest of 9.8%. This may be due to the energy company's disappointing performance at Walyering and some underwhelming exploration updates.
  • Sayona Mining Ltd (ASX: SYA) has short interest of 9.8%, which is up since last week. This lithium miner continues to sell its product at a loss instead of curtailing its operations.

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. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. 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 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 »

A woman presenting company news to investors looks back at the camera and smiles.
Broker Notes

Broker reveals which ASX stocks are rate-cut winners

Macquarie is tipping three further interest rate cuts in July, August, and November.

Read more »