Over the past week of ASIC short position data to 31 August, short sellers built their largest new positions in Siteminder (SDR, up 1.58 percentage points to 6.01% of shares on issue), Lotus Resources (LOT, up 1.16pp to 15.03%) and Droneshield (DRO, up 1.01pp to 15.36%). 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 Alpha Hpa (A4N, down 1.87 percentage points to 6.24% of shares on issue), Bapcor (BAP, down 1.44pp to 7.80%) and Guzman Y Gomez (GYG, down 0.82pp to 6.44%). 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.