The 10 Most Shorted ASX Stocks · Week 11, 2026
9 Mar 2026 — 13 Mar 2026
DMP remains the most shorted name on the ASX at 15.62% (down -0.03% WoW), but the real action this week was in the mid-table: BAP’s short interest surged from 6.34% to 7.35% (+1.01%). In the top 10, shorts leaned harder into TWE (14.83%, +0.11%), TLX (14.23%, +0.14%) and GYG (13.75%, +0.14%), while easing BOE (11.37%, -0.09%) and PDN (9.74% to 9.46%, -0.28%).
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 at the top of the leaderboard — it was BAP. Short interest ripped higher from 6.34% to 7.35% (+1.01%), a chunky move for a $426M retailer/distributor that’s already wearing a 12.3% dividend yield and negative EPS ($-0.25). That’s the sort of setup where shorts are effectively saying the payout looks more like a warning label than a gift. 1
DMP is still the market’s favourite punching bag at 15.62% short (WoW: -0.03%), and it’s not hard to see why: FY2025 statutory profit after tax from continuing operations was a -$3.7 million loss, even with revenue from ordinary activities at $2,303.7 million. 2 Behind it, the top 10 is packed with “quality but contested” names: TWE sits at 14.83% (+0.11%) despite FY2025 profit attributable to shareholders of $436.9 million and revenue from ordinary activities of $2,990.1 million. 3 TLX is 14.23% (+0.14%) even after reporting H1 2025 revenue of $390.359 million (+63%) and net cash generated from operating activities of $17.7 million, alongside a net loss after tax of $2.3 million. 4
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’s +1.01% jump is the standout, and it lands right after the company’s 1H26 financial results and equity raising materials hit the tape on 2026-02-26. Shorts often press into that kind of event risk because it can reset expectations fast. 1 Elsewhere, LOT climbed from 6.01% to 6.71% (+0.71%) and SLX from 8.45% to 8.97% (+0.52%), keeping the uranium/nuclear-adjacent complex in focus. On the unwind side, KAR fell from 8.05% to 7.53% (-0.52%) after reporting 1H25 statutory NPAT of US$71.0 million and operating cash flow of US$81.6 million. 5 PDN also saw shorts trim from 9.74% to 9.46% (-0.28%) even though its Q1 FY2026 filing showed a loss after tax of US$(9.928) million. 6
Two themes jump out. First: consumer-facing shorts are still crowded. DMP (15.62%), GYG (13.75%), IEL (10.80%) and FLT (9.68%) keep the pressure on discretionary spending narratives, even as some of these businesses are still delivering real earnings and dividends (for example, FLT’s FY2025 statutory profit after income tax was $108 million). 7 Second: energy is splitting. Uranium-linked BOE (11.37%, -0.09%) and PDN (9.46%, -0.28%) saw shorts ease, but the broader tape still added risk in places like WHC (2.47% to 3.05%, +0.58%) and LOT (+0.71%).
Next week, watch whether BAP’s 7.35% short position keeps building after the 1H26/equity raising disclosures, and whether TLX at 14.23% continues to attract shorts despite $17.7 million of H1 2025 operating cash flow. 1 4
DMP was the most shorted at 15.62% (WoW change: -0.03%).
BAP rose from 6.34% to 7.35%, a +1.01% increase in short interest.
Yes — TLX is 14.23% (+0.14%) and PNV is 12.99% (+0.26%), both sitting in the top 10 most shorted list.
Yes — KAR fell from 8.05% to 7.53% (-0.52%), PDN fell from 9.74% to 9.46% (-0.28%), and BOE eased from 11.46% to 11.37% (-0.09%).
Across 693 stocks shorted, the average short position is 1.29% and the WoW average change is +0.01%.
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.
