Over the past week of ASIC short position data to 9 November, short sellers built their largest new positions in Nextdc (NXT, up 4.23 percentage points to 15.82% of shares on issue), PLS Group (PLS, up 0.94pp to 17.86%) and Nick Scali (NCK, up 0.82pp to 7.54%). 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 Domino's Pizza Enterprises (DMP, down 1.12 percentage points to 8.96% of shares on issue), Boss Energy (BOE, down 0.95pp to 13.27%) and Minerals 260 (MI6, down 0.71pp to 7.06%). 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.