The 10 Most Shorted ASX Stocks · Week 10, 2026
2 Mar 2026 — 6 Mar 2026
Short positioning was steady at the top end, with DMP unchanged at 16.02% and TWE barely higher at 14.38% (+0.01%). The real action was in the mid-pack: BAP jumped from 7.02% to 8.13% (+1.11%), while BOE eased from 13.11% to 12.50% (-0.61%).
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
The week’s loudest signal wasn’t in the top 10 — it was BAP. Shorts piled in, lifting BAP from 7.02% to 8.13% in a single week (+1.11%). That’s a meaningful move in a market where the average short position is 1.28% and the average weekly change is +0.01% 1.
At the pointy end, the leaderboard barely budged. DMP remains the most shorted name on the ASX at 16.02% (WoW +0.00%), with TWE next at 14.38% (+0.01%) 1. TLX (13.54%, +0.26%) and GYG (13.41%, +0.03%) are still wearing heavy scepticism despite their growth narratives, while PNV sits at 12.64% (-0.00%) — effectively unchanged 1. The one top-10 name that actually moved was BOE, down from 13.11% to 12.50% (-0.61%) 1. That’s a decent cover in a week, and it lines up with BOE’s recent reporting cadence (December 2025 half-year reporting released 2026-02-26) 2.
Key financial metrics from recent company reports for the most shorted stocks.
Stocks with the largest increase in short interest this week.
Stocks with the largest decrease in short interest this week.
BAP was the standout riser: 7.02% → 8.13% (+1.11%) 1. The timing is hard to ignore given BAP’s 1H26 results/outlook and equity raising materials dated 2026-02-26 3. When shorts add that quickly, they’re usually leaning into either earnings risk, balance sheet risk, or a capital structure event. Elsewhere, shorts also lifted exposure to ZIP (6.80% → 7.19%, +0.39%) 1 even though the company reported $95.4 million of positive cash flows from operations in H1 FY2025 4. That combination — improving cash generation but rising short interest — often signals valuation or competitive concerns rather than immediate solvency fears. On the cover side, WGN collapsed from 0.94% to 0.02% (-0.91%) 1. That’s not trimming — that’s basically an exit. KAR also saw meaningful covering (9.91% → 9.47%, -0.45%) 1, after reporting 1H25 sales revenue of US$308.3 million 5.
Consumer-facing names are where shorts are most comfortable right now. DMP (16.02%), GYG (13.41%), IEL (11.09%) and FLT (9.77%) keep the pressure on discretionary and travel/education exposures 1. Healthcare is also a clear battleground: TLX is at 13.54%, PNV at 12.64%, and NAN at 11.13% 1. NAN’s fundamentals (FY25 total revenue of $198.6 million) haven’t stopped shorts leaning in 6 — which tells you positioning is being driven by expectations and pricing power debates, not just last year’s numbers.
Watch whether BAP’s 8.13% becomes a new base or the start of a second leg higher — and keep an eye on whether BOE’s cover from 13.11% to 12.50% continues after its late-February reporting 1 2.
DMP is the most shorted stock at 16.02% (WoW change: +0.00%).
BAP rose from 7.02% to 8.13%, a weekly increase of +1.11%.
WGN fell from 0.94% to 0.02%, a weekly decrease of -0.91%.
ZIP’s short interest increased from 6.80% to 7.19% (+0.39%) despite reporting $95.4 million of positive cash flows from operations in H1 FY2025, suggesting the market is still debating the durability of earnings and the business model [ref-4].
Track the live rankings on the most shorted ASX stocks page, watch short squeeze candidates, or see market-wide totals in the ASX short selling statistics.
Data sourced from ASIC short position reports (T+4 delayed). This report is for informational purposes only and does not constitute financial advice. Short selling data may not reflect real-time market conditions.
