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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 23.9%, which is up week on week. Short sellers were celebrating last week after the uranium producer's shares crashed following a very disappointing update on the Honeymoon Project.
- Domino's Pizza Enterprises Ltd (ASX: DMP) has seen its short interest rise to 17.8%. Short sellers don't appear to believe that this pizza chain operator's performance is going to improve meaningfully in the near term.
- Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.3%, which is up week on week again. This may have been driven by valuation concerns. Especially given its poor performance in the US, which was seen as a key growth driver.
- Paladin Energy Ltd (ASX: PDN) has short interest of 13.2%, which is up slightly week on week. This could be on the belief that nuclear power adoption won't be as great and uranium prices won't be as strong as some predict.
- IDP Education Ltd (ASX: IEL) has 11.6% of its shares held short, which is down week on week again. This language testing and student placement company is struggling with unfavourable student visa changes and tough trading conditions.
- Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 11.5%, which is down slightly since last week. Short sellers aren't giving up on this one despite its positive start to FY 2026 and the announcement of a key acquisition in the cruise market this month.
- PWR Holdings Ltd (ASX: PWH) has short interest of 11.3%, which is flat since last week. This motorsport products company has warned that FY 2026 could be another transitional year.
- IPH Ltd (ASX: IPH) has seen its short interest climb to 11.2%. Short sellers have been targeting this intellectual property services provider due to weak trading conditions.
- Polynovo Ltd (ASX: PNV) has short interest of 11.1%, which is down since last week. This medical device company's shares trade on sky-high multiples and short sellers don't appear to believe that this is justified.
- Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 11.1%, which is up week on week. This biotechnology company has had a tough year with delays to FDA approvals, which have weighed on its growth outlook.
