Over the past week of ASIC short position data to 23 July, short sellers built their largest new positions in Sonic Healthcare (SHL, up 0.45 percentage points to 7.04% of shares on issue), Breville Group (BRG, up 0.43pp to 8.07%) and Polynovo (PNV, up 0.40pp to 9.20%). 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 Electro Optic Systems Holdings (EOS, down 0.72 percentage points to 6.38% of shares on issue), Firefly Metals (FFM, down 0.52pp to 6.64%) and Droneshield (DRO, down 0.44pp to 12.88%). 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.