Over the past week of ASIC short position data to 26 October, short sellers built their largest new positions in Glencore (GLC, up 3.69 percentage points to 17.92% of shares on issue), Zip Co (ZIP, up 2.11pp to 15.67%) and PLS Group (PLS, up 1.24pp to 15.37%). 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 Artrya (AYA, down 0.54 percentage points to 7.85% of shares on issue), The Lottery (TLC, down 0.42pp to 9.51%) and IPH (IPH, down 0.40pp to 8.28%). 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.