Over the past week of ASIC short position data to 24 August, short sellers built their largest new positions in Zip Co (ZIP, up 2.32 percentage points to 10.85% of shares on issue), IPH (IPH, up 1.51pp to 9.12%) and Electro Optic Systems Holdings (EOS, up 1.19pp to 8.78%). 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 Lotus Resources (LOT, down 2.14 percentage points to 13.58% of shares on issue), Boss Energy (BOE, down 0.89pp to 9.42%) and Healius (HLS, down 0.79pp to 8.78%). 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.