What did Corporate Travel Management report?

• Revenue and other income of $348.5 million for 1H26 (unaudited)
• Underlying EBITDA of $77.7 million, representing an EBITDA margin of 22.3%
• Cash balance at 31 December 2025 of $121.2 million, down from $124.0 million at June 2025
• Capex of $19 million aligned to technology and strategic commitments
• Client retention remained strong at or above 97% across all main regions
• Payments of $15 million made to key UK customers in December 2025 as part of remediation

What else do investors need to know?

The company continues to work through the UK forensic accounting review, targeting completion in March 2026. This process includes a remediation plan, involving staged payments to impacted UK clients, to enable release of the overdue FY25 audited accounts.

Outside the UK, reviews found no evidence of similar issues in other regions. Trading conditions remain challenging, with new client sales slightly lower in December reflecting seasonality and some client caution. Nevertheless, client retention and service delivery remain strong, with no major losses reported.

A revised IATA agreement and remediation payments impacted working capital and cash flow during the half-year. The company has amended its debt facility, maintaining sufficient liquidity with a $140 million facility and an undrawn revolving credit component.

What did Corporate Travel Management management say?

Acting CEO Ana Pedersen said:

Our trading performance reflects both the resilience of the business and the quality of our client offering in the face of challenging circumstances.

Our focus on superior customer service, relationship management and enhancing client outcomes coupled with our proprietary technology continues to support customer retention and strong new client wins during the half. We do expect some moderation through the remainder of the financial year, as the uncertainty associated with the audit process has influenced the timing of both renewals and new business conversion.

The finalisation of a remediation plan is well progressed, including constructive discussions on the timing of staged payments. Importantly, we are making progress with KPMG and certain impacted UK customers, which is giving us a much clearer path toward resolving and finalising the outstanding matters.

As these key steps are completed, they will provide enhanced confidence to customers and our team. More broadly, we continue to improve governance, controls and systems across the business, and we recognise there is still more work to do as we complete the review and embed these improvements.

What's next for Corporate Travel Management?

CTM expects the finalisation of its UK review and remediation plan to enable the release of its delayed FY25 audited results, as well as the 1H26 reviewed financials. The company is targeting reinstatement of ASX share trading in the second quarter of calendar 2026, subject to approvals.

Looking ahead, CTM foresees some softness in trading over 2H26 as audit-related uncertainty continues to influence client decision-making. The business remains focused on customer retention and technology investment to drive long-term growth.

View Original Announcement

The post Corporate Travel Management posts $348.5m 1H26 revenue and UK remediation update appeared first on The Motley Fool Australia.

What did Corporate Travel Management report?

• Jamie Pherous retires as Managing Director, transitions to strategic advisor for six months
• Ana Pedersen, previously Chief Commercial Officer, appointed as Acting Group CEO
• Search process underway for permanent Group CEO, considering internal and external candidates
• Appointment of John Snyder (ex-BCD Travel CEO) as Special Advisor to assist during leadership transition
• Ongoing suspension of CTM shares pending finalisation of accounting matters and FY25 accounts

What else do investors need to know?

The board says the leadership change aims to "accelerate the transition to a refreshed corporate structure" that meets stakeholder expectations. Ms Pedersen, who joined CTM in October 2024, brings more than 20 years of global corporate travel and technology experience, including senior roles with BCD Travel and HRS Group.

The company remains committed to strengthening its governance and internal controls. John Snyder's appointment as Special Advisor is expected to provide additional global expertise during this period of change.

What did Corporate Travel Management management say?

Acting Group CEO Ana Pedersen said:

Stepping into the role, my immediate priorities are to bring clarity and confidence as we work toward CTM's shares being reinstated for trading on the ASX. This means finalising our accounting matters with integrity and certainty, and, in partnership with the Board, strengthening governance and controls. At the same time, we remain laser-focused on client delivery, which continues uninterrupted, and on supporting our people, who are critical to our success.

What's next for Corporate Travel Management?

Ms Pedersen will lead the company through a period of transition, focusing on resolving accounting matters, supporting the board's governance initiatives, and ensuring stable operations. The board will continue its search for a new permanent Group CEO, evaluating both internal and external candidates.

Meanwhile, client service and support of CTM's people remain central priorities. Management says the company's long-term future will be built on strengthening governance, operational excellence and sustainable growth.

View Original Announcement

The post Corporate Travel Management announces major leadership changes appeared first on The Motley Fool Australia.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX 200 expected to rise again

The Australian share market looks set for a good start to the week following a strong finish to the last one on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 41 points or 0.45% higher. In the United States, the Dow Jones was up 0.4%, the S&P 500 rose 0.9%, and the Nasdaq stormed 1.3% higher.

Oil prices charge higher

It could be a decent start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices charged higher on Friday night. According to Bloomberg, the WTI crude oil price was up 0.9% to US$56.52 a barrel and the Brent crude oil price was up 1.1% to US$60.47 a barrel. Traders were bidding oil prices higher after Donald Trump wouldn't rule out a war with Venezuela.

Quarterly rebalance

This morning, a number of ASX 200 shares will leave the benchmark index after being kicked out at the quarterly rebalance. Leaving the index this morning are the likes of Bapcor Ltd (ASX: BAP), HMC Capital Ltd (ASX: HMC) and Corporate Travel Management Ltd (ASX: CTD). Joining the index this morning are stocks including Aussie Broadband Ltd (ASX: ABB), Resolute Mining Ltd (ASX: RSG), and Silex Systems Ltd (ASX: SLX).

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price pushed higher on Friday night. According to CNBC, the gold futures price was up 0.5% to US$4,387.3 an ounce. Rate cut optimism gave the gold price a boost.

Buy Boss Energy shares

Bell Potter thinks that investors should be buying Boss Energy Ltd (ASX: BOE) shares after their sell off. This morning, the broker has reaffirmed their buy rating on the uranium producer's shares with a reduced price target of $2.00 (from $2.90). It said: "Our valuation assumes production at Honeymoon over the short 10Y mine life is limited to ~1.6Mlbs pa and costs remain elevated, until such a time that management have completed the work to guide otherwise."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Corporate Travel Management shares have been suspended since 26 August after the company revealed accounting irregularities in its UK operations.

Auditors have since discovered incorrect revenue recognition of GBP 45.4 million and other irregularities.

S&P Dow Jones Indices announced its next quarterly rebalance, effective 22 December, after the market close on Friday.

Car parts retailer Bapcor Ltd (ASX: BAP) and poultry producer and food processor Inghams Group Ltd (ASX: ING) will also drop out.

Alternative asset and property fund manager, HMC Capital Ltd (ASX: HMC) will also go.

Intellectual property services firm, IPH Ltd (ASX: IPH), rounds out the list of ASX 200 departees.

You can find out which shares will enter the ASX 200 index on 22 December here.

What is an index rebalance?

Every three months, S&P Dow Jones Indices reviews and updates Australia's leading market indices.

Rebalances ensure the indices accurately rank the nation's largest listed organisations by market capitalisation.

Indices provide a consistent way to measure and monitor the market's performance over the long term.

The ASX 200 is the benchmark index for the Australian share market.

However, other indices, like the S&P/ASX All Ordinaries Index (ASX: XAO) and S&P/ASX 300 Index (ASX: XKO), are also very important.

Why is it bad for these ASX 200 shares?

Membership in the ASX 200 indicates a company's strong market standing.

Being dropped in a rebalance can signal potential problems, market headwinds, or a declining stock valuation.

As shown below, all six of these ASX 200 shares have fallen over the past year (except the frozen Corporate Travel Management shares).

Leaving the ASX 200 can have tangible effects on a share's price. This is because it triggers passive investment exits.

Many exchange-traded funds (ETFs) and managed funds are designed to track the performance of the ASX 200.

This means that every quarter, fund managers must buy the shares that enter the ASX 200 and sell those that leave.

This can result in extra trading activity around the rebalance date, which may influence a share's value.

Rebalances have greater significance than ever before due to the rising popularity of ASX ETFs.

The latest Betashares data shows Australians ploughed a record $5.99 billion into ASX ETFs in October.

A record $321.7 billion is now invested in more than 400 ETFs on the market today.

ASX ETFs are a passive, diversified investment option that many investors perceive as convenient and lower risk.

They are a basket of shares that investors can buy in one trade for one brokerage fee, with low ongoing management fees thereafter.

The post Corporate Travel Management and Boss Energy shares dumped from ASX 200 appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set for a poor start to the week despite a decent finish to the last one on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 13 points or 0.15% lower. In the United States, the Dow Jones was up 0.2%, the S&P 500 rose 0.2%, and the Nasdaq pushed 0.3% higher.

Oil prices rise

It could be a decent start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price was up 0.7% to US$60.08 a barrel and the Brent crude oil price was up 0.8% to US$63.75 a barrel. Stalling Russia and Ukraine peace talks gave prices a boost. Though, over the weekend, the US claims that progress was made.

Quarterly rebalance

A number of ASX 200 shares will be on watch today after being kicked out of the benchmark index at the December quarterly rebalance. Leaving the ASX 200 index on 22 December are Bapcor Ltd (ASX: BAP), Boss Energy Ltd (ASX: BOE), Corporate Travel Management Ltd (ASX: CTD), HMC Capital Ltd (ASX: HMC), Inghams Group Ltd (ASX: ING), and IPH Ltd (ASX: IPH).

Gold price flat

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price traded flat on Friday night. According to CNBC, the gold futures price was steady at US$4,243 an ounce. However, the precious metal had a good week, driven by expectations that the US Federal Reserve will cut interest rates this month.

Buy Catalyst Metals shares

Bell Potter thinks that Catalyst Metals Ltd (ASX: CYL) shares are in the buy zone right now. This morning, the broker has retained its buy rating on the gold miner's shares with an improved price target of $9.30. It said: "We view CYL as derisking the Plutonic gold hub with a clear line of sight to a 200kozpa steady state (FY29). Execution on the plan (five mines feeding an underutilised 1.8Mtpa plant) and Reserve growth towards >2Moz are viewed as the key drivers of multiple re- ratings and margin expansion."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Unfortunately, it looks like they will remain suspended until at least the end of the year.

When they do return to action, should you be buying them? Let's see what Macquarie Group Ltd (ASX: MQG) is saying about the corporate travel specialist.

What is the broker saying about Corporate Travel Management shares?

Macquarie notes that a forensic review of the company's accounts is taking place. So far, it has found significant items that will need to be refunded to certain customers. As it is unknown just how much will need to be refunded, the broker points out that there are risks to consider. It said:

Refunds. CTD has begun reviewing impacted customers to determine refund amounts for Concluded Customer Contracts, with the process ongoing into 2026 and no amount specified yet.

Cash impact. The cash impact of refunds and prior year adjustments is still unquantified and remains a downside risk to future earnings and valuation. As of 31-Oct-25, CTD's cash is >A$148.3m (including A$18.2m restricted), with no debt drawn.

There are also significant restatements that will be undertaken. It said:

Significant restatements are required to reverse up to £58.2m of previously recognised revenue for Concluded Customer Contracts in FY23-24, also resulting in financial liabilities for any customer refunds.

FY25 impact. FY25 revenue reversal adjustments of up to £19.4m are expected due to refunds and contractual uncertainty, with previous FY25 guidance from May-25 now withdrawn. CTD will also book additional provisions of A$13.9m in FY25 for expected credit losses on 2022-24 ANZ receivables (unrelated to European issues).

Should you invest?

In light of the above, the broker has downgraded Corporate Travel Management shares to an underperform rating with a heavily reduced price target of $11.50.

Based on its last traded price of $16.07, this implies potential downside of 28% for investors over the next 12 months.

Commenting on its downgrade, Macquarie said:

Today's new details significantly increase uncertainty about the impact of accounting issues and customer overcharging on CTD's operations, which we need to reflect in our val. and rec., hence we downgrade to Underperform (from Neutral).

Catalysts: Finalisation of review & accounts, reinstated to ASX, customer retention. Downside risks: potential ASX 200 removal, loss of existing customers & tenders, higher cash outflows, extra costs post review.

The post What does Macquarie think Corporate Travel Management shares are worth? appeared first on The Motley Fool Australia.

The corporate travel specialist's shares haven't traded since being suspended on 22 August.

And they will remain that way while auditors and investigators continue to work through significant historical accounting issues.

What has been announced?

This morning, Corporate Travel Management revealed the scale of the review and several immediate repercussions for the business.

According to the release, KPMG's forensic team in the UK has spent months analysing approximately 47,000 documents and more than 1.5 million individual sales and purchase transaction lines, covering over GBP 400 million in transactions for its UK business.

The draft interim report delivered on 23 November identified two key issues:

• Incorrect revenue recognition relating to several large customer contracts completed between 2021 and 2023. These "Concluded Customer Contracts" account for GBP 45.4 million of revenue that should not have been recognised.
• Additional irregularities relating to other revenue earned by Corporate Travel Management (North).

The company now expects restatements across FY 2023 and FY 2024 of up to GBP58.2 million and further FY 2025 adjustments of up to GBP19.4 million. These are due in part to customer refunds and contracts where revenue can no longer be recognised with certainty.

Given the scale of the required corrections, the company has withdrawn its FY 2025 guidance, previously issued in May.

Immediate actions

The company outlined several steps now underway, including communicating with impacted customers, completing the forensic review with KPMG, restating prior years' financial statements, and conducting a full external governance review.

The company's board also confirmed that the CEO of CTM UK and Europe, Michael Healy, has been temporarily stood down with immediate effect. The company's global COO, Eleanor Noonan, is stepping in as interim leader during the investigation.

Corporate Travel Management also disclosed that its FY 2025 accounts will include an additional $13.9 million in provisions related to the ANZ region. Though, these are separate from the UK issues.

Suspension to continue

The company says it remains well-capitalised, with A$148.3 million in cash and no drawn debt as at 31 October. However, it acknowledged that customer refunds could impact near-term liquidity, with timing and amounts still uncertain.

It has also secured an extension from ASIC to lodge its FY 2025 financial statements by 31 December. Though, it concedes that it is unlikely to meet that deadline. This could mean that we don't see Corporate Travel Management shares return to the ASX boards before the end of the year.

Commenting on the news, the company's chair, Ewen Crouch AM, said:

We recognise how serious this situation is and the concerns it has caused. We deeply regret and sincerely apologise for the impact of the trading suspension on our shareholders. We also extend our sincere apologies to the affected clients in the UK. While further investigation is required, including a comprehensive review of our UK operations and our overall governance framework, we remain fully committed to taking the necessary action to restore confidence.

Corporate Travel Management's managing director, Jamie Pherous, added:

We recognise the impact this situation has had on our shareholders and affected UK clients, and we unreservedly apologise. Our priority is to uphold the highest standards across our operations, work closely with our auditors to finalise the FY25 financial statements, and implement all necessary measures to strengthen the company. While this work continues, we remain firmly focused on delivering quality service to our clients across all markets.

The post 3-month suspension: What's going on with Corporate Travel shares? appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall again on Thursday following a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 40 points or 0.45% lower this morning. In late trade in the United States, the Dow Jones is down 0.2%, the S&P 500 is flat, and the Nasdaq is up 0.55%.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a decent session on Thursday after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 0.3% to US$60.33 a barrel and the Brent crude oil price is up 0.6% to US$64.79 a barrel. A large decline in US stockpiles was behind this rise.

Annual general meetings

A number of ASX 200 shares are holding their annual general meetings today and could provide the market with trading updates. Among the companies holding events are corporate travel specialist Corporate Travel Management Ltd (ASX: CTD), healthcare company Healius Ltd (ASX: HLS). Retail giant JB Hi-Fi Ltd (ASX: JBH), and Bunning and Kmart owner Wesfarmers Ltd (ASX: WES).

Gold price fall

It could be a poor session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price tumbled into the red. According to CNBC, the gold futures price is down 0.75% to US$3,952.3 an ounce. Traders were selling gold after the US Federal Reserve cast doubts on a December rate cut.

Buy Woolworths shares

Now could be the time to buy Woolworths Group Ltd (ASX: WOW) shares according to analysts at Bell Potter. This morning, the broker has upgraded the supermarket giant's shares to a buy rating with a $30.70 price target. It said: "We upgrade from Hold to Buy. WOW has been in an earnings downgrade cycle for two years and this looks to be coming to an end. Trading at a reasonable ~12% discount to COL and ~14% discount to its historical FWD EV/EBITDA, there is now a reasonable valuation arbitrage, just as the underperformance in Australian Food looks to be bottoming and out-of-home indicators improving (the latter a positive for B2B)."

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

The ASX 200 travel stock has been out of action during this time after being informed by its auditors of potential adjustments to its accounts. These relate to the timing of the recognition of certain revenues and costs in the European region between FY 2025 and prior comparative reporting periods.

The corporate travel specialist was aiming to finalise the report in September but this then got pushed back until November.

While this is no doubt worrying for shareholders, they can at least take comfort in knowing that the company has started FY 2026 in a positive fashion.

Trading update

This morning, the ASX 200 travel stock released an update on its performance during the first quarter of FY 2026.

According to the release, revenue and other income increased 6% over the prior corresponding period to $180.2 million. Management notes that this was primarily driven by customer wins in FY 2025.

Thanks to ongoing cost efficiency improvements, Corporate Travel Management's earnings grew at a much quicker rate. The company advised that its EBITDA margin expanded 4 percentage points to 23%, which has led to its underlying EBITDA increasing 29% over the prior corresponding period to $40.9 million.

Management revealed that a focus on automation and artificial intelligence (AI) has played a role in its cost reductions. It said:

EBITDA increased in all regions versus the prior corresponding period with Europe recording the strongest growth. This was primarily driven by customer wins in FY25 and ongoing cost efficiency improvements. As a result, global revenues have increased by 6% and EBITDA has increased by 29% vs the p.c.p.. Costs have remained largely steady by leveraging scale, automation and AI.

It also highlights that this means it is tracking ahead of its five-year strategic plan. The company adds:

Overall, the incremental revenue to EBITDA metric is tracking ahead of expectations set in our five-year strategic plan. The business has a seasonal EBITDA skew to the second half of the financial year, with 1Q historically being the slowest quarter.

FY26: $0.43bn @ 30 September vs $1.1bn FY26 full year forecast, as previously outlined in our five year strategic plan.

At the end of the period, the ASX 200 travel stock's cash balance was up by $76.1 million to $168 million. This lifted its total available liquidity to $318 million.

The post This ASX 200 travel stock just posted a 29% earnings jump appeared first on The Motley Fool Australia.

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 run as the Australian share market's most shorted share despite its short interest easing to 18.9%. There are concerns over the uranium miner's production outlook beyond 2026.
• Paladin Energy Ltd (ASX: PDN) has short interest of 16.9%, which is down week on week again. This may be associated with risks relating to the ramp-up of its Langer Heinrich Mine.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rise to 16.7%. The lithium miner's shares sank last week after one of China's largest lithium mines was given approval to restart after resolving permitting issues.
• IDP Education Ltd (ASX: IEL) has 14% of its shares held short, which is up slightly week on week. Short sellers aren't giving up on this language testing and student placement company and appear to believe the worst is still not behind it.
• Polynovo Ltd (ASX: PNV) has 12.3% of its shares held short, which is up week on week. This is despite the medical device company's shares surging this month thanks to big news out of the US.
• Mineral Resources Ltd (ASX: MIN) has short interest of 11.4%, which is down week on week. This mining and mining services company's precarious balance sheet appears to be behind this.
• PWR Holdings Ltd (ASX: PWH) has short interest of 10.4%, which is up week on week. This motorsport products company is expecting another transition year in FY 2026.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.8%, which is flat week on week. This corporate travel specialist's shares have been out of action for almost a month while it makes "a material correction" to the company's previous financial statements.
• Guzman Y Gomez Ltd (ASX: GYG) has entered the top ten with short interest of 9.8%. Short sellers may believe that too much future growth is being baked into the burrito seller's shares. Especially given how much of this relies on Guzman Y Gomez cracking the US market, which is far from guaranteed.
• Domino's Pizza Enterprises Ltd (ASX: DMP) has short interest of 9.7%, which is down week on week. Short sellers appear to believe that things will get worse before they get better for the pizza seller.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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 Australian share market's most shorted share for another week despite its short interest easing to 20%. The uranium producer's guidance for FY 2026 fell well short of expectations and its guidance beyond this remains unclear.
• Paladin Energy Ltd (ASX: PDN) has short interest of 17.7%, which is down week on week again. This could be due to concerns over the ramp up of its Langer Heinrich Mine.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rise to 16.2%. Short sellers are betting on lithium prices staying lower for longer.
• IDP Education Ltd (ASX: IEL) has 13.8% of its shares held short, which is down week on week. This language testing and student placement company's shares rocketed last month after it released its results for FY 2025.
• Polynovo Ltd (ASX: PNV) has 12% of its shares held short, which is flat week on week. Unfortunately for short sellers, this medical device company's shares have surged this month amid big news out of the US.
• Mineral Resources Ltd (ASX: MIN) has short interest of 11.8%, which is flat week on week. This appears to have been driven by concerns over the mining and mining services company's precarious balance sheet and weak commodity prices.
• Cettire Ltd (ASX: CTT) has jumped back into the top ten with 10.5% of its shares held short. This online luxury products retailer is struggling due to tax changes in the US and weak trading conditions.
• PWR Holdings Ltd (ASX: PWH) has short interest of 10.3%, which is up week on week. This motorsport products disappointed with its full year results last month. And with another transition year expected in FY 2026, short sellers appear to smell blood.
• Domino's Pizza Enterprises Ltd (ASX: DMP) is back in the top ten with short interest of 10.1%. Short sellers don't appear to believe that the worst is over for the pizza seller.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.8%, which is flat week on week. This corporate travel specialist's shares have been out of action since 22 August after becoming "aware that a material correction will need to be made to certain aspects of the Company's previous financial statements."

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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 21.8%. This is down week on week. This uranium producer disappointed the market recently with guidance for FY 2026 that fell well short of expectations.
• Paladin Energy Ltd (ASX: PDN) is another uranium producer that short sellers are targeting. It has short interest of 18.3%, which is down slightly week on week. There may be concerns over the ramp up of its Langer Heinrich Mine.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest remain rise to 15.5%. Short sellers don't appear to believe that lithium prices will be rising meaningfully in the near term.
• IDP Education Ltd (ASX: IEL) has 14.2% of its shares held short, which is up week on week again. Short sellers will have been disappointed to see this language testing and student placement company's shares rocket last week after it released its results.
• Polynovo Ltd (ASX: PNV) has 12% of its shares held short, which is up week on week once again. Valuation concerns could be the reason why short sellers are targeting this medical device company's shares.
• Mineral Resources Ltd (ASX: MIN) has short interest of 11.8%, which is up week on week. This mining and mining services company has a precarious balance sheet and is exposed to weak commodity prices.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest remain flat at 11.5%. This retirement living company has been battling tough trading conditions. These have been caused by negative media coverage. It also lost a major court battle recently.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.8%, which is flat week on week. This corporate travel specialist's shares have been suspended for a week after becoming "aware that a material correction will need to be made to certain aspects of the Company's previous financial statements."
• PWR Holdings Ltd (ASX: PWH) has entered the top ten with short interest of 9.5%. This motorsport products company's shares tumbled last week after disappointing with its full year results. Another transition year is expected in FY 2026, which also appears to have put pressure on its shares.
• Silex Systems Ltd (ASX: SLX) has seen its short interest rise to 9%. There may be doubts over this uranium enrichment technology company's pivotal TRL-6 demonstration later this year.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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 after its short interest climbed to 22.8%. This uranium producer's shares have been under significant pressure since its guidance for FY 2026 fell materially short of expectations.
• Paladin Energy Ltd (ASX: PDN) has seen its short interest rise again to 18.5%. Concerns over the ramp up of the uranium miner's Langer Heinrich Mine could be behind this.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest remain flat at 15.1%. While lithium prices have rebounded recently, short sellers seem to believe that this will be short-lived.
• IDP Education Ltd (ASX: IEL) has 14.1% of its shares held short, which is up week on week. Later this week, this language testing and student placement company is releasing its results and is expected to post a sharp decline in profits.
• Polynovo Ltd (ASX: PNV) has 11.6% of its shares held short, which is up week on week again. Short sellers appear to believe that this medical device company's shares are overvalued at current levels. Its results are due to be released today.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest ease slightly to 11.5%. This retirement living company has been battling tough trading conditions caused by negative media coverage and lost a major court battle.
• Mineral Resources Ltd (ASX: MIN) has short interest of 11.5%, which is down week on week again. There are concerns over the state of the miner's balance sheet and its exposure to weak commodity prices.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.8%, which is down week on week. This corporate travel specialist suspended its shares last week after becoming "aware that a material correction will need to be made to certain aspects of the Company's previous financial statements."
• Silex Systems Ltd (ASX: SLX) has seen its short interest tumble to 8.9%. This uranium enrichment technology company recently raised $130 million through a capital raising. Short sellers may have used this as an opportunity to buy shares to close positions.
• Cettire Ltd (ASX: CTT) has returned to the top ten with short interest of 8.7%. This online luxury products retailer has been hit hard by a downturn in the industry and import tax changes in the US. So much so, some short sellers appear to believe its business model is now broken.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise on Wednesday despite a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 21 points or 0.25% higher this morning. In the United States, the Dow Jones was up a fraction, but the S&P 500 fell 0.6% and the Nasdaq dropped 1.45%.

Oil prices drop

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor session after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 1.7% to US$62.36 a barrel and the Brent crude oil price is down 1.1% to US$65.84 a barrel. Traders were selling oil after US-Ukraine talks sparked hopes of a peace deal and easing Russian sanctions.

Result releases

Earnings season is rolling on with plenty more ASX 200 shares releasing their results on Wednesday. This includes appliance manufacturer Breville Group Ltd (ASX: BRG), corporate travel specialist Corporate Travel Management Ltd (ASX: CTD), lottery operator Lottery Corporation Ltd (ASX: TLC), and toll road operator Transurban Group (ASX: TCL).

Gold price falls

It looks set to be a subdued session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Wednesday after the gold price fell overnight. According to CNBC, the gold futures price is down 0.55% to US$3,359.1 an ounce. The prospect of a Russia-Ukraine peace deal appears to be behind this.

CSL shares downgraded

In response to its full year results, the team at Bell Potter has downgraded CSL Ltd (ASX: CSL) shares to a hold rating with a reduced price target of $240.00 (from $305.00). Commenting on its downgrade, the broker said: "While the market reaction to the FY25 result and strategic review was severe, we view the near-term outlook as challenging for CSL due to: underlying earnings growth below market expectations, underwhelming 2H25 Behring performance which has been the key pillar of growth for many years, delays to the assumed Behring margin recovery (to FY29), and uncertainty around FY27/28 forecasts of the demerged entity at this time."

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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 19.8%. This is up week on week. Short sellers continue to load up on the uranium producer's shares after its guidance for FY 2026 fell materially short of expectations.
• Paladin Energy Ltd (ASX: PDN) has seen its short interest rise again to 18.2%. This may be due to concerns over the ramp up of the uranium miner's Langer Heinrich Mine.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rebound to 15.1%. Short sellers appear to believe that lithium prices are going to remain under pressure for some time to come.
• Silex Systems Ltd (ASX: SLX) has seen its short interest jump to 14.6%. This uranium enrichment technology company tumbled this month after raising $130 million. Short sellers appear to be betting on further declines.
• IDP Education Ltd (ASX: IEL) has 12.9% of its shares held short, which is up week on week again. This language testing and student placement company is battling very tough trading conditions due to student visa changes.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest remain flat at 11.7% for another week. This retirement living company's shares have been sold off again this year after it lost a major court battle.
• Mineral Resources Ltd (ASX: MIN) has short interest of 11.7%, which is down week on week again. This may be due to concerns over the state of its balance sheet and weak commodity prices.
• Polynovo Ltd (ASX: PNV) has 11.6% of its shares held short, which is up week on week again. Valuation concerns and softer than forecast sales growth may be behind this.
• Liontown Resources Ltd (ASX: LTR) has short interest of 10.3%, which is down sharply week on week. It is yet another lithium miner that short sellers are targeting.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 9.9%, which is up week on week. Concerns that corporate travel demand could be softening due to tariff uncertainty appears to be behind this.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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) has returned to the top spot after its short interest surged to 19.4%. Short sellers appear to believe that this uranium producer's shares are heading even lower. This is despite them crashing deep into the red last month after its guidance for FY 2026 fell materially short of expectations.
• Paladin Energy Ltd (ASX: PDN) has seen its short interest rise to 17.5%. This appears to have been driven by concerns over the ramp up of the uranium miner's Langer Heinrich Mine project.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest ease to 15%. Weak lithium prices continue to weigh heavily on both sentiment and profitability.
• Liontown Resources Ltd (ASX: LTR) has short interest of 13.1%, which is flat week on week. This lithium miner's shares are rocketing today after a very strong night of trade for lithium stocks on Wall Street on Friday due to the closure of a major mine.
• IDP Education Ltd (ASX: IEL) has 12.4% of its shares held short, which is up week on week. Tough trading conditions have hit the profits of this language testing and student placement company.
• Mineral Resources Ltd (ASX: MIN) has short interest of 12.3%, which is down week on week. Balance sheet concerns and weak commodity prices have been weighing on sentiment.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest remain flat at 11.7%. This retirement living company's shares have been under pressure this year after it lost a major court battle.
• Polynovo Ltd (ASX: PNV) has 11.5% of its shares held short, which is up week on week again. This appears to have been driven by valuation concerns.
• IDP Education Ltd (ASX: IEL) has 11.7% of its shares held short, which is down week on week. Tough trading conditions have been weighing heavily on this language testing and student placement company's performance.
• Silex Systems Ltd (ASX: SLX) has seen its short interest remain flat at 11.5%. This uranium enrichment technology company's shares tumbled last week after it raised capital.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 8.9%, which is down week on week. There are concerns that corporate travel demand could be softening due to tariff uncertainty.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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:

• Paladin Energy Ltd (ASX: PDN) continues to be the most shorted ASX share with short interest of 17.2%. This is an increase week on week. Concerns over the ramp up of the uranium miner's Langer Heinrich Mine project could be behind this.
• Boss Energy Ltd (ASX: BOE) has seen its short interest rebound to 16.3%. This uranium miner's shares crashed deep into the red last month after its guidance for FY 2026 fell materially short of expectations. Short sellers don't appear to believe the declines are over.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest jump again to 16%. There are concerns that increased supply from Africa will hold down lithium prices for longer than expected.
• Liontown Resources Ltd (ASX: LTR) has short interest of 13.1%, which is up week on week. It is another lithium miner that short sellers expect to struggle in the current environment.
• Mineral Resources Ltd (ASX: MIN) has short interest of 13%, which is up week on week. Balance sheet concerns and weak commodity prices appear to be behind this.
• IDP Education Ltd (ASX: IEL) has 11.7% of its shares held short, which is down week on week. Tough trading conditions have been weighing heavily on this language testing and student placement company's performance.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest ease to 11.7%. This retirement living company's shares have been sold off this year after the Victorian Civil and Administrative Tribunal ruled against it.
• Silex Systems Ltd (ASX: SLX) has seen its short interest remain flat at 11.2%. Short sellers may believe that this uranium enrichment technology company's pivotal TRL-6 demonstration will be a flop.
• Polynovo Ltd (ASX: PNV) has 11% of its shares held short, which is up week on week. Valuation concerns appear to be behind this short interest.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 10.1%, which is flat week on week. There are concerns that trading conditions could be particularly tough due to trade tariff uncertainty.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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:

• Paladin Energy Ltd (ASX: PDN) remains the most shorted ASX share despite its short interest easing to 16.4%. This appears to have been driven by concerns over the ramp up of the uranium miner's Langer Heinrich Mine project.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest jump to 14.5%. Short sellers appear to believe that increased supply from Africa will weigh on lithium prices and profitability in the industry for some time to come.
• Boss Energy Ltd (ASX: BOE) has seen its short interest ease to 14.1%. It is another uranium miner that short sellers have been targeting. Short sellers will be pleased to see its shares crash 40% today following the release of its quarterly update.
• Mineral Resources Ltd (ASX: MIN) has short interest of 13.5%, which is down week on week. Weak commodity prices and concerns over the state of the miner's balance sheet appear to be behind this.
• IDP Education Ltd (ASX: IEL) has 12.3% of its shares held short, which is up week on week again. This language testing and student placement company's shares have come under significant pressure this year due to tough trading conditions.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest rise to 11.9%. Short sellers have been increasing their positions after the Victorian Civil and Administrative Tribunal ruled against the retirement living company.
• Liontown Resources Ltd (ASX: LTR) has short interest of 11.7%, which is down week on week. It is another lithium miner that short sellers are betting heavily against.
• Silex Systems Ltd (ASX: SLX) has seen its short interest ease slightly to 11.2%. Short sellers appear to be betting against this uranium enrichment technology company's pivotal TRL-6 demonstration.
• Polynovo Ltd (ASX: PNV) has 10.8% of its shares held short, which is down week on week. Short sellers may believe that this medical device company's shares don't deserve to trade at approximately 90x estimated FY 2026 earnings.
• Corporate Travel Management Ltd (ASX: CTD) has short interest of 10.1%, which is up slightly week on week. Short sellers may believe that trade tariffs could negatively impact demand for corporate travel in the near term.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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:

• Paladin Energy Ltd (ASX: PDN) continues to be the most shorted ASX share after its short interest rose to 16.9%. Short sellers seem to be betting against a successful ramp up of the uranium miner's Langer Heinrich Mine project.
• Boss Energy Ltd (ASX: BOE) has seen its short interest rebound week on week to 14.3%. It is another uranium miner that short sellers have been targeting.
• Mineral Resources Ltd (ASX: MIN) has short interest of 13.9%, which is up week on week. This appears to have been driven by a combination of weak commodity prices and concerns over the state of its balance sheet.
• Pilbara Minerals Ltd (ASX: PLS) has seen its short interest rise to 13.8%. Increasing lithium supply from Africa is expected to hold down lithium prices for some time to come.
• Liontown Resources Ltd (ASX: LTR) has short interest of 12.1%, which is down week on week. Liontown is another lithium miner that is struggling with low lithium prices.
• IDP Education Ltd (ASX: IEL) has 12.1% of its shares held short, which is up week on week again. Short sellers have been highly successful targeting this struggling language testing and student placement company's shares. They are down sharply this year due to extremely tough trading conditions.
• Lifestyle Communities Ltd (ASX: LIC) has seen its short interest rise to 11.6%. This month, the Victorian Civil and Administrative Tribunal ruled against this retirement living company, leading to a huge share price decline.
• Silex Systems Ltd (ASX: SLX) has seen its short interest rise to 11.3%. Short sellers may be doubting that this uranium enrichment technology company will be successful with its pivotal TRL-6 demonstration.
• Polynovo Ltd (ASX: PNV) has 11.1% of its shares held short, which is up week on week. This medical device company's growth has been below expectations this year.
• Corporate Travel Management Ltd (ASX: CTD) has flat short interest of 9.9%. It is possible that short sellers believe that trade tariffs could negatively impact demand for corporate travel in the near term.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.