Over the past week of ASIC short position data to 5 November, short sellers built their largest new positions in Nextdc (NXT, up 6.58 percentage points to 17.72% of shares on issue), PLS Group (PLS, up 0.77pp to 17.31%) and Nick Scali (NCK, up 0.76pp to 7.51%). 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 Glencore (GLC, down 2.54 percentage points to 14.16% of shares on issue), Zip Co (ZIP, down 1.25pp to 13.63%) and Domino's Pizza Enterprises (DMP, down 0.86pp to 9.47%). 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.