These are the 10 most shorted ASX shares

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

A business woman looks unhappy while she flies a red flag at her laptop.

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) remains the most shorted ASX share with short interest of 19.4%. This is down slightly week on week. Short sellers don't appear to believe that lithium prices will improve meaningfully in the near term.
  • IDP Education Ltd (ASX: IEL) has 14.3% of its shares held short, which is down slightly week on week. This language testing and student placement company is being impacted by student visa changes in key markets.
  • Paladin Energy Ltd (ASX: PDN) has short interest of 13.9%, which is up again since last week. Short sellers continue to increase positions in uranium miners despite Russia suggesting that it could halt exports of the chemical element and reduce supply.
  • Mineral Resources Ltd (ASX: MIN) has short interest of 13.4%, which is up strongly week on week again. This lithium miner is battling weak battery material prices.
  • Boss Energy Ltd (ASX: BOE) has 12.7% of its share held short. This is up again week on week. It is another uranium miner that short sellers are targeting. They may believe that uranium prices won't be as strong as the market is expecting.
  • Syrah Resources Ltd (ASX: SYR) has seen its short interest ease to 12.3%. This graphite miner continues to burn through its cash reserves due to weak battery material prices.
  • Lynas Rare Earths Ltd (ASX: LYC) has seen its short interest ease to 10.3%. Short sellers appear to believe that rare earths prices will remain weak for some time to come.
  • Liontown Resources Ltd (ASX: LTR) has 10% of its shares held short, which is down slightly week on week. It is another lithium miner that short sellers are targeting due to low prices.
  • Deep Yellow Limited (ASX: DYL) has 9.9% of its shares held short, which is up weak on week. It is another uranium stock that short sellers are targeting.
  • Cettire Ltd (ASX: CTT) has 8.9% of its shares held short, which is down week on week. Tough trading conditions in the luxury products market and concerns over its business model are weighing on the online retailer's shares.

Should you invest $1,000 in Boss Resources Limited right now?

Before you buy Boss Resources Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Boss Resources Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 9 January 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 and Microsoft. The Motley Fool Australia has recommended Microsoft. 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 young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Share Gainers

Here are the top 10 ASX 200 shares today

After shooting higher this morning, the ASX 200 had broken a few hearts by market close.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Best Shares

6 ASX 200 shares that could benefit from a weak Australia Dollar

This expert reckons a low dollar is unearthing opportunities.

Read more »

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

Why Audinate, Lynas, Nine, and Xref shares are falling today

These shares are heading lower as the market climbs on Tuesday. But why?

Read more »

Two friends giving each other a high five at the top pf a hill.
52-Week Highs

These 6 ASX 200 stocks just hit new 52-week highs

Do you own any of these booming stocks?

Read more »

Beautiful young woman drinking fresh orange juice in kitchen.
Share Gainers

Why Appen, Nufarm, Pro Medicus, and WA1 shares are rising today

These shares are having a good session on Tuesday. But why?

Read more »

Male and female workers at a steel factory.
Opinions

2 ASX 200 shares that could soar while Donald Trump is US President

These stocks may have a positive future.

Read more »

A man in a suit face palms at the downturn happening with shares today.
Mergers & Acquisitions

Guess which $8 billion ASX 200 stock just failed with a takeover bid

It has been an embarrassing outcome for the blue chip stock.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Opinions

Prediction: These ASX 200 shares could be among 2025's big winners

These businesses have compelling tailwinds in 2025 and beyond.

Read more »