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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 for another week even after its short interest eased slightly to 19.5%. Short sellers have successfully targeted this uranium producer after it released a disappointing production update on the Honeymoon Project.
- Domino's Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease slightly again to 17.6%. Short sellers appear to be doubting that this pizza chain operator's turnaround strategy will be a success.
- Guzman Y Gomez Ltd (ASX: GYG) has short interest of 13.7%, which is flat week on week. This burrito seller's shares trade on extremely high multiples. And with its US expansion disappointing the market, some may believe this premium isn't justified.
- Paladin Energy Ltd (ASX: PDN) has short interest of 12.5%, which is down week on week again. There may be concerns over potential operational challenges for this uranium miner.
- IDP Education Ltd (ASX: IEL) has 12.2% of its shares held short, which is down week on week again. Major student visa changes in key markets have weighed on this language testing and student placement services company's performance.
- PWR Holdings Ltd (ASX: PWH) has short interest of 11.7%, which is down since last week. Unfortunately for short sellers, this advanced cooling products and solutions provider's shares jumped to a 52-week high last week thanks to a defence contract win.
- Polynovo Ltd (ASX: PNV) has short interest of 11.5%, which is down since last week. This medical device company's shares may have been targeted due to valuation concerns.
- Telix Pharmaceuticals Ltd (ASX: TLX) has short interest of 11.3%, which is flat week on week. This radiopharmaceuticals company had a tough time in 2025 when it experienced delays to FDA approvals and increased regulatory scrutiny.
- DroneShield Ltd (ASX: DRO) has short interest of 11%, which is down slightly since last week. Short sellers seem to think that this counter drone technology company's shares are overvalued following very strong gains in 2025.
- Treasury Wine Estates Ltd (ASX: TWE) has entered the top ten with short interest of 10.4%. This wine giant is having a tough time due to distributor uncertainty and unfavourable consumer trends.
