Over the past week of ASIC short position data to 29 October, short sellers built their largest new positions in Vulcan Energy Resources (VUL, up 1.98 percentage points to 12.18% of shares on issue), Glencore (GLC, up 1.74pp to 17.74%) and Nextdc (NXT, up 1.60pp to 10.74%). 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 Boss Energy (BOE, down 1.38 percentage points to 14.03% of shares on issue), Zip Co (ZIP, down 1.22pp to 14.62%) and Siteminder (SDR, down 0.86pp to 6.74%). 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.