Over the past week of ASIC short position data to 6 November, short sellers built their largest new positions in Nextdc (NXT, up 4.72 percentage points to 15.90% of shares on issue), Alpha Hpa (A4N, up 0.99pp to 7.80%) and Nick Scali (NCK, up 0.93pp to 7.56%). 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 1.36 percentage points to 13.23% of shares on issue), Domino's Pizza Enterprises (DMP, down 0.96pp to 9.23%) and Minerals 260 (MI6, down 0.70pp to 7.19%). 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.