Over the past week of ASIC short position data to 21 September, short sellers built their largest new positions in Minerals 260 (MI6, up 5.21 percentage points to 9.63% of shares on issue), Boss Energy (BOE, up 3.04pp to 12.79%) and Electro Optic Systems Holdings (EOS, up 1.73pp to 10.52%). Rising short interest signals growing bearish conviction against a stock among hedge funds and institutional investors.
On the other side of the ledger, shorts covered most heavily in Lotus Resources (LOT, down 2.28 percentage points to 14.80% of shares on issue), Droneshield (DRO, down 1.63pp to 14.30%) and Silex Systems (SLX, down 1.36pp to 7.62%). Falling short interest can mean the bear case has played out — or that short sellers are locking in profits and reducing exposure.
Track every position change in the stock screener or browse the top 100 most shorted ASX stocks.