The 10 Most Shorted ASX Stocks · Week 12, 2026
16 Mar 2026 — 20 Mar 2026
The week’s loudest move was LOT, where short interest jumped from 7.70% to 11.04% (+3.34%). At the top end, DMP stayed the most shorted name at 15.27% (down -0.66%), while TWE saw a sharp de-risking from 15.32% to 11.93% (-3.39%).
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
If you’re looking for where the short sellers actually made a statement this week, it’s LOT. Short interest ripped from 7.70% to 11.04% (+3.34%) — a big, fast repositioning that doesn’t happen by accident. In the same breath, TWE went the other way, collapsing from 15.32% to 11.93% (-3.39%), which reads like a crowded trade being unwound rather than a gentle change of mind. 1 2
DMP remains the ASX’s most shorted stock at 15.27% (WoW -0.66%), with TLX close behind at 14.55% (WoW -0.61%). 1 The more telling story is in the middle of the table: PNV climbed to 14.08% (+0.81%) and GYG sits at 13.68% (+0.35%), suggesting shorts are still happy leaning into high-multiple growth even after results season. 1 Meanwhile, uranium is now a proper battleground: BOE is at 11.87% (+0.82%) and LOT is at 11.04% (+3.34%). 1
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.
Start with the unwind: TWE’s short interest fell -3.39% to 11.93%. That’s a meaningful exit given TWE’s FY2025 EBITS of $770.3m and net sales revenue of $2,938.1m, plus the company’s FY2026 commentary around an adverse impact to Treasury Americas operating plan NSR of approximately $50m. Shorts may simply be taking profit after the trade got crowded. 2 On the other side, shorts piled into LOT (+3.34% to 11.04%) and also added to BOE (+0.82% to 11.87%), a clear sign the market is split on how clean the uranium restart/ramp stories will be. 1 4 Outside the top 10, 4DX jumped from 0.40% to 3.02% (+2.62%) and ELV lifted from 2.62% to 5.20% (+2.58%), while ARU moved from 0.53% to 2.63% (+2.10%). 1 The common thread: capital-hungry, higher-volatility names are where shorts can press without needing huge liquidity.
This week looks like rotation rather than a blanket risk-off. Health care is mixed: PNV rose to 14.08% (+0.81%) and NAN ticked up to 11.92% (+0.22%), but TLX eased to 14.55% (-0.61%). 1 Resources is where the aggression sits — LOT (+3.34%), BOE (+0.82%), ELV (+2.58%) and ARU (+2.10%) all moved higher on short interest. 1 In contrast, financials saw shorts step back in PNI from 6.89% to 4.94% (-1.95%), despite FY2025 NPAT of $134.427m and EPS of 63.2c in its Appendix 4E. 1 3
Watch whether LOT holds above 11.04% short next week — after a +3.34% spike, the follow-through (or lack of it) usually tells you if this is a conviction trade or a quick hit. Also keep an eye on whether TWE’s short base keeps shrinking from 11.93% or stabilises after the -3.39% flush. 1
DMP is the most shorted at 15.27% (WoW change: -0.66%). [ref-1]
LOT rose from 7.70% to 11.04%, a +3.34% increase — the biggest rise in the dataset. [ref-1]
TWE fell from 15.32% to 11.93%, a -3.39% drop — the biggest fall in the dataset. [ref-1]
Yes: BOE is 11.87% short (+0.82%) and LOT is 11.04% short (+3.34%). [ref-1]
There are 678 stocks shorted, with an average short position of 1.39% and a WoW average change of +0.05%. [ref-1]
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.
