When this was written — On 1 July 2026. The figures are as at that date or earlier and have not been updated since.
Short sellers do not always need a fresh catalyst to keep their bets on the table. Domino's Pizza Enterprises remains the most heavily shorted stock on the ASX, despite a complete lack of price-sensitive announcements over the last 30 days.
The quiet period follows a tough run of financial reporting. In February, the company posted a 5.5% decline in half-year revenue to $1,101.8 million R1, while network sales slipped 1.6% to $2.04 billion R2. This came after a statutory net loss of $3.7 million for FY2025 R3. While the board managed a 25.0 cents per share interim dividend R4, the numbers did little to convince the market that a turnaround is imminent. This fundamental weakness explains why short sellers are comfortable holding their ground without any immediate negative news flow.
At 14.28% short interest, Domino's sits comfortably ahead of other consumer discretionary peers like Flight Centre at 11.33% and Guzman y Gomez at 10.71%. The company's short position is more than double the sector average of 6.78%. Over the last month, the share price fell 7.7% to $16.45, yet the short position remained highly stable, drifting down just 1.14 percentage points from its 90-day average of 15.43%. The 30-day price-short correlation is almost non-existent at 0.028, indicating that short sellers are simply sitting tight.
With the stock down 22.0% over six months, the quiet conviction of the shorts suggests they expect the fundamental pressure on network sales to persist well into the next reporting cycle.