These are the 10 most shorted ASX shares

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

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.

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 long streak as the most shorted ASX share with short interest 19.1%. Short sellers appear to believe that lithium supply will continue to outstrip demand for some time to come.
  • Boss Energy Ltd (ASX: BOE) has 14.2% of its share held short, which is up again week on week. Short sellers will have been disappointed to see uranium stocks surge last week on news that another tech giant is turning to nuclear power.
  • IDP Education Ltd (ASX: IEL) has 14.1% of its shares held short, which is down slightly week on week again. This language testing and student placement company is going through a tough period due to student visa changes in key markets.
  • Paladin Energy Ltd (ASX: PDN) has short interest of 13.7%, which is down slightly since last week. Uranium stocks appear to be the new lithium stocks in the eyes of short sellers, with Paladin Energy one of a handful being targeted.
  • Syrah Resources Ltd (ASX: SYR) has seen its short interest rise week on week again to 13%. Short sellers may be betting on this graphite miner needing to raise capital again in the near future due to weak battery material prices and cash burn.
  • Mineral Resources Ltd (ASX: MIN) has short interest of 12.1%, which is down week on week. Short sellers appear to be expecting a weak quarterly update from the iron ore and lithium miner this month.
  • Liontown Resources Ltd (ASX: LTR) has 10.7% of its shares held short, which is up week on week. It is another lithium miner that short sellers are going after.
  • Lynas Rare Earths Ltd (ASX: LYC) has seen its short interest remain flat at 9.8%. This rare earths producer's shares hit a 52-week high last week, much to the dismay of short sellers.
  • Deep Yellow Limited (ASX: DYL) has 9.7% of its shares held short, which is down since last week. It is another uranium stock that has caught the eye of short sellers recently.
  • Lotus Resources Ltd (ASX: LOT) is a new entry in the top 10 with short interest of 8.6%. This is a fourth uranium stock in the top ten list. Clearly short sellers think the market is wrong to be bullish on the chemical element.

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 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.

More on Share Market News

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 EML, GQG Partners, IGO, and Integrated Research shares are sinking today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of…

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why EOS, News Corp, Polynovo, and Pro Medicus shares are roaring higher today

These shares are starting the week positively. But why?

Read more »

A couple stares at the tv in shock, one holding the remote up ready to press.
Mergers & Acquisitions

Telstra share price climbs amid $3.4b Foxtel sale

Who is buying the Foxtel business? Let's find out.

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Share Market News

Brokers say these ASX 200 growth stocks could rise 50% to 70%

Analysts think these shares could be dirt cheap and destined to generate big returns.

Read more »

Two people having a meeting using a laptop and tablet to discuss Seven West Media's balance sheet
Broker Notes

Why these ASX shares could be top SMSF options in 2025

Analysts are bullish on these high-quality shares. Let's find out why.

Read more »

The words short selling in red against a black background
Share Market News

These are the 10 most shorted ASX shares

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

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Monday

A good start to the week is expected for Aussie investors. Here's what to watch.

Read more »

A businessman compares the growth trajectory of property versus shares.
Opinions

What's the outlook for shares vs. property in 2025?

The experts have put out their new year predictions...

Read more »