Over the past week of ASIC short position data to 19 August, short sellers built their largest new positions in Lotus Resources (LOT, up 1.56 percentage points to 16.92% of shares on issue), Zip Co (ZIP, up 1.12pp to 9.03%) and Lendlease Group (LLC, up 1.06pp to 7.03%). 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 Australian Clinical Labs (ACL, down 1.70 percentage points to 5.86% of shares on issue), Droneshield (DRO, down 0.96pp to 14.41%) and Temple & Webster Group (TPW, down 0.81pp to 5.92%). 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.