Over the past week of ASIC short position data to 27 July, short sellers built their largest new positions in Polynovo (PNV, up 0.84 percentage points to 9.58% of shares on issue), Paladin Energy (PDN, up 0.49pp to 12.03%) and Sonic Healthcare (SHL, up 0.40pp to 7.21%). 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 Firefly Metals (FFM, down 0.57 percentage points to 6.57% of shares on issue), Pwr Holdings (PWH, down 0.42pp to 7.09%) and Boss Energy (BOE, down 0.31pp to 11.61%). 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.