Over the past week of ASIC short position data to 3 September, short sellers built their largest new positions in Zip Co (ZIP, up 1.73 percentage points to 12.48% of shares on issue), Electro Optic Systems Holdings (EOS, up 1.49pp to 8.36%) and Siteminder (SDR, up 0.80pp to 6.62%). 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 IPH (IPH, down 0.67 percentage points to 8.55% of shares on issue), Elders (ELD, down 0.56pp to 10.18%) and Bannerman Energy (BMN, down 0.46pp to 6.56%). 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.