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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:
- Boss Energy Ltd (ASX: BOE) remains the Australian share market's most shorted share for another week despite its short interest easing to 20%. The uranium producer's guidance for FY 2026 fell well short of expectations and its guidance beyond this remains unclear.
- Paladin Energy Ltd (ASX: PDN) has short interest of 17.7%, which is down week on week again. This could be due to concerns over the ramp up of its Langer Heinrich Mine.
- Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rise to 16.2%. Short sellers are betting on lithium prices staying lower for longer.
- IDP Education Ltd (ASX: IEL) has 13.8% of its shares held short, which is down week on week. This language testing and student placement company's shares rocketed last month after it released its results for FY 2025.
- Polynovo Ltd (ASX: PNV) has 12% of its shares held short, which is flat week on week. Unfortunately for short sellers, this medical device company's shares have surged this month amid big news out of the US.
- Mineral Resources Ltd (ASX: MIN) has short interest of 11.8%, which is flat week on week. This appears to have been driven by concerns over the mining and mining services company's precarious balance sheet and weak commodity prices.
- Cettire Ltd (ASX: CTT) has jumped back into the top ten with 10.5% of its shares held short. This online luxury products retailer is struggling due to tax changes in the US and weak trading conditions.
- PWR Holdings Ltd (ASX: PWH) has short interest of 10.3%, which is up week on week. This motorsport products disappointed with its full year results last month. And with another transition year expected in FY 2026, short sellers appear to smell blood.
- Domino's Pizza Enterprises Ltd (ASX: DMP) is back in the top ten with short interest of 10.1%. Short sellers don't appear to believe that the worst is over for the pizza seller.
- Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.8%, which is flat week on week. This corporate travel specialist's shares have been out of action since 22 August after becoming "aware that a material correction will need to be made to certain aspects of the Company's previous financial statements."
