Over the past week of ASIC short position data to 1 October, short sellers built their largest new positions in Liontown (LTR, up 1.19 percentage points to 7.16% of shares on issue), Lotus Resources (LOT, up 0.93pp to 14.02%) and PLS Group (PLS, up 0.92pp to 12.80%). 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 4Dmedical (4DX, down 0.76 percentage points to 11.21% of shares on issue), Treasury Wine Estates (TWE, down 0.20pp to 10.68%) and Breville Group (BRG, down 0.18pp to 8.34%). 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.