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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) continues its long run as the most shorted ASX share with short interest of 19.7%, which is down week on week. Short sellers continue to target this uranium producer after it released a disappointing update on the Honeymoon Project.
- Domino's Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease slightly to 17.7%. This pizza chain operator is undertaking a major turnaround strategy but short sellers don't appear to believe it will be a success.
- Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.7%, which is down slightly week on week. This is likely to be due to valuation concerns, with the burrito seller's shares trading on premium multiples. Its US expansion has been disappointing also.
- Paladin Energy Ltd (ASX: PDN) has short interest of 12.9%, which is down week on week again. This may be due to potential operational challenges and uranium pricing doubts.
- IDP Education Ltd (ASX: IEL) has 12.4% of its shares held short, which is down week on week. This language testing and student placement company's shares have been crushed over the past 12 months due to concerns over student visa changes.
- PWR Holdings Ltd (ASX: PWH) has short interest of 11.9%, which is up since last week. This motorsport products company's shares have been under pressure as it goes through a transitional period.
- Polynovo Ltd (ASX: PNV) has short interest of 11.6%, which is up since last week. This may be due to concerns over the valuation of this medical device company's shares.
- Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 11.3%, which is up week on week. This radiopharmaceuticals company has been battling delays to FDA approvals and increased regulatory scrutiny.
- DroneShield Ltd (ASX: DRO) has short interest of 11.1%. Short sellers appear to believe that this counter drone technology company's shares are overvalued following impressive gains in 2025.
- Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 10.2%, which is down week on week again. Short sellers appear to be slowly closing positions after the travel agent reported a positive start to FY 2026 and a new cruise acquisition.
