Over the past week of ASIC short position data to 7 September, short sellers built their largest new positions in Siteminder (SDR, up 1.01 percentage points to 6.96% of shares on issue), Lotus Resources (LOT, up 0.89pp to 15.92%) and Nick Scali (NCK, up 0.62pp to 6.31%). 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 IPH (IPH, down 0.92 percentage points to 8.34% of shares on issue), Elders (ELD, down 0.62pp to 10.05%) and Boss Energy (BOE, down 0.58pp to 9.36%). 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.