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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 most shorted ASX share with short interest of 23.7%. This is down week on week. There are concerns that the uranium miner's production beyond 2026 will fall short of expectations.
- Domino's Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease slightly to 16.9%. This pizza chain operator has been struggling in recent years and short sellers appear to believe it won't be a quick fix.
- Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.2%, which is up week on week again. Valuation concerns are likely to be behind this. Especially given the disappointing performance of its US business, which was seen as a key driver of long term growth.
- Paladin Energy Ltd (ASX: PDN) has short interest of 13.1%, which is down slightly week on week. A number of uranium stocks are being targeted by short sellers. This could be on the belief that nuclear power adoption won't be as great as some predict.
- IDP Education Ltd (ASX: IEL) has 12% of its shares held short, which is down week on week. This language testing and student placement company's shares are down 60% this year after unfavourable visa changes and trading conditions weighed on its performance and outlook.
- Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 11.7%, which is up slightly since last week. Short sellers continue to load up on this travel agent's shares despite its positive start to FY 2026 and news of a key acquisition this month.
- PWR Holdings Ltd (ASX: PWH) has short interest of 11.3%, which is up week on week again. This motorsport products company has been out of form recently and warned that FY 2026 could be another transitional year.
- Polynovo Ltd (ASX: PNV) has short interest of 11.2%, which is flat since last week. This could be due to valuation concerns, with the medical device company's shares trading on sky-high multiples.
- Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 11%, which is up week on week. This biotech company has been struggling with delays to FDA approvals this year.
- IPH Ltd (ASX: IPH) has entered the top ten with short interest of 10.9%. This intellectual property services provider has been battling weak trading conditions. Short sellers appear to believe this weakness will continue.
