Battlegrounds
ASX Short Squeeze Candidates
ASX short squeeze candidates, scored daily. The squeeze radar ranks stocks by squeeze risk — days-to-cover, short interest, price momentum, and short-position crowding — while the battlegrounds view surfaces live divergences where the price is rising even as shorts keep building. Sourced from official ASIC short position reports, updated daily with a T+4 trading day delay. Read the methodology.
Stocks ranked by squeeze risk — a 0-100 score combining days-to-cover, short interest, recent price momentum, and short-position crowding.
| Stock | Short % | Δ Short 4w | Price | Δ Price 1m | Squeeze score |
|---|---|---|---|---|---|
 GMDGenesis Minerals | 9.9% | +1.4% | $7.50 | +34.9% | 81.8 |
 DRODroneshield | 15.6% | +2.9% | $1.96 | -8.4% | 79.4 |
 PLSPls Group | 10.5% | +1.1% | $5.09 | +17.6% | 79.2 |
 PDNPaladin Energy | 11.5% | -0.2% | $10.55 | +25.3% | 77.9 |
 TWETreasury Wine Estates | 10.8% | +0.1% | $5.76 | +21.0% | 76.9 |
 HLSHealius | 10.4% | +0.1% | $0.46 | +21.1% | 76.2 |
 4DX4dmedical | 12.1% | +0.0% | $3.71 | +15.9% | 75.4 |
 CARCar Group | 11.9% | +0.2% | $29.59 | +15.1% | 74.6 |
 DYLDeep Yellow | 8.9% | +0.3% | $1.48 | +20.3% | 74.3 |
 BOEBoss Energy | 10.9% | -0.9% | $1.52 | +24.6% | 73.2 |
 MI6Minerals 260 | 5.8% | +1.0% | $0.77 | +35.1% | 71.7 |
 WTCWisetech Global | 8.3% | -0.2% | $42.27 | +20.9% | 71.5 |
 DMPDomino'S Pizza Enterprises | 12.7% | -1.2% | $19.24 | +9.2% | 69.6 |
 ACLAustralian Clinical Labs | 7.5% | +0.9% | $2.70 | +14.4% | 69.0 |
 SLXSilex Systems | 8.1% | -0.6% | $5.23 | +16.2% | 67.4 |
 ILUIluka Resources | 6.7% | +0.3% | $7.18 | +17.5% | 67.3 |
 TLXTelix Pharmaceuticals | 10.9% | -0.7% | $16.45 | +10.3% | 67.2 |
 RIORio Tinto | 10.1% | +1.3% | $168.33 | +4.6% | 66.4 |
 KCCKincora Copper | 2.2% | +2.1% | $0.88 | +15.8% | 65.8 |
 IPXIperionx | 9.8% | +0.6% | $3.54 | +8.3% | 65.8 |
 EVNEvolution Mining | 4.2% | +0.5% | $13.89 | +31.9% | 65.8 |
 CU6Clarity Pharmaceuticals | 8.3% | +0.5% | $2.59 | +11.6% | 65.6 |
 CYLCatalyst Metals | 5.1% | -1.6% | $6.55 | +22.7% | 65.1 |
 LYCLynas Rare Earths | 10.6% | +0.8% | $16.62 | +4.6% | 64.9 |
 PWHPwr Holdings | 5.5% | -2.1% | $10.64 | +18.9% | 64.8 |
Showing top 25 of 297 matching stocks.
How squeeze scores are calculated
Squeeze scores are recomputed daily from official ASIC short position reports — the same disclosures behind our top 100 most shorted ASX stocks rankings. The universe is ASX equities (ETFs and debt securities are excluded) with reported short interest of at least 1% of issued capital. Each stock receives a score from 0 to 100, a weighted blend of four inputs:
- Days-to-cover (35% weight) — reported short shares divided by the 20-trading-day average daily volume: an estimate of how many days of normal trading short sellers would need to buy back their entire position. Contribution is capped at 10 days. See days to cover in the glossary.
- Short interest (30%) — ASIC-reported short positions as a percentage of total shares on issue, capped at 15%.
- Price momentum (20%) — the 1-month share price change. Only positive momentum contributes, since a rising price is what pressures short sellers; capped at +20%.
- Crowding (15%) — the 4-week change in short interest. Only increases contribute, capped at +3 percentage points.
A high score does not predict a squeeze — it flags the preconditions for one: a large, crowded short position that would take days of normal volume to unwind, in a stock already moving against the shorts. For how those preconditions turn into forced buying, see short squeeze mechanics.
The battlegrounds (divergence) view uses the same inputs differently: it surfaces only the stocks where the price rose over the past month while short interest also grew over the past four weeks, ranked by the intensity of that divergence.
A caveat on timing: ASIC publishes aggregate short positions with a T+4 trading-day delay, so the short interest behind these scores reflects positions from four trading days ago while prices are more recent. A fast-moving squeeze can be partially covered before it shows up in the data.