Image source: Getty Images
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) continues to be the most shorted ASX share with short interest of 24%. This is up week on week again. Short sellers appear convinced that this uranium miner's production beyond 2026 will fall short of expectations. In other news, Boss Energy was dumped out of the ASX 200 at the latest rebalance.
- Domino's Pizza Enterprises Ltd (ASX: DMP) has seen its short interest rise to 17%. Short sellers aren't giving up on this pizza chain operator despite speculation that it could be a takeover target.
- Paladin Energy Ltd (ASX: PDN) has short interest of 13.2%, which is up again week on week. There may be concerns over its production ramp-up.
- Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.1%, which is up since last week. This may be due to valuation concerns and disappointment over the burrito seller's poor performance in the United States.
- IDP Education Ltd (ASX: IEL) has 12.4% of its shares held short, which is up week on week. This language testing and student placement company continues to struggle with unfavourable visa changes and trading conditions.
- Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 11.5%, which is up sharply since last week. Short sellers haven't been put off by the travel agent's positive start to FY 2026.
- Polynovo Ltd (ASX: PNV) has short interest of 11.2%, which is up since last week. This could be due to valuation concerns, with the medical device company's shares trading on sky-high multiples.
- PWR Holdings Ltd (ASX: PWH) has short interest of 11.2%, which is up week on week. This motorsport products company warned that FY 2026 is going to be another transitional year.
- Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 10.7%, which is up week on week. This biotech company has been hit with FDA approval delays this year.
- Pilbara Minerals Ltd (ASX: PLS) has short interest of 10.7%, which is down week on week again. The bulls and the bears can't agree on whether lithium is going to be oversupplied or undersupplied in the next couple of years.
