Over the past week of ASIC short position data to 23 October, short sellers built their largest new positions in Glencore (GLC, up 2.62 percentage points to 16.01% of shares on issue), Zip Co (ZIP, up 2.54pp to 15.84%) and PLS Group (PLS, up 1.45pp to 15.05%). 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 0.88 percentage points to 8.04% of shares on issue), Aub Group (AUB, down 0.56pp to 6.48%) and Genesis Minerals (GMD, down 0.39pp to 8.29%). 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.