Over the past week of ASIC short position data to 14 September, short sellers built their largest new positions in Nextdc (NXT, up 1.28 percentage points to 9.34% of shares on issue), Iperionx (IPX, up 0.95pp to 11.72%) and Droneshield (DRO, up 0.75pp to 16.21%). 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 Zip Co (ZIP, down 0.69 percentage points to 10.41% of shares on issue), Genesis Minerals (GMD, down 0.52pp to 7.94%) and Healius (HLS, down 0.37pp to 7.76%). 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.