The 10 Most Shorted ASX Stocks · Week 16, 2025
14 Apr 2025 — 18 Apr 2025
Boss Energy (BOE) is still the ASX’s most shorted stock at 25.72% (+0.06% WoW), but the real shove came in Paladin (PDN), up +0.67% to 16.93%. The weirdest print was an ETF: GLIN jumped from 0.14% to 1.57% (+1.44%). Across 663 stocks, the period average change was -0.01% — flat tape, sharp stock-picking.
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
BOE is sitting on 25.72% short interest. That’s not a “valuation debate”. That’s a market daring a ramp-up story to miss a step — and this week the shorts didn’t just sit there, they added.
Uranium still owns the top of the leaderboard. BOE (25.72%, +0.06%) remains the poster child for execution risk: Honeymoon ramp-up and Alta Mesa progress are where sentiment gets marked every week, not every quarter. If you want the company’s own framing, start with the investor deck (http://www.bossenergy.com/images/documents/Dec24-Quarterly-Results-Presentation.pdf) and the linked report (http://www.bossenergy.com/images/media/2973720.pdf). PDN (16.93%, +0.67%) was the tell. A +0.67% lift in a week is traders pressing the view that “nuclear renaissance” headlines don’t pay the bills — delivery does. Paladin’s disclosures are here: https://www.paladinenergy.com.au/wp-content/uploads/2025/10/Paladin-2025AnnualReport-Full-Web.pdf and https://www.paladinenergy.com.au/wp-content/uploads/2025/09/61280657.pdf. MIN (13.45%, +0.20%) stays heavily shorted because it doesn’t need a disaster to hurt shorts’ P&L — it just needs commodity prices and costs to move the wrong way at the same time. MIN’s FY results pack: https://cdn.sanity.io/files/o6ep64o3/production/b23c9b1f93dbe5cc41520061cafecf0c1d214c77.pdf. The rest of the top 10 reads like selective pressure rather than a blanket macro call. DYL (12.87%, -0.31%) and LOT (10.79%, -0.08%) eased, while BOE and PDN stayed sticky. In lithium, LTR (12.15%, +0.18%) attracted more shorts as PLS (12.03%, -0.44%) saw a meaningful cover — same commodity, different targets.
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.
The biggest riser was GLIN (0.14% → 1.57%, +1.44%). When an ETF shows up like that, it usually screams “trade structure” — hedging, relative value, or a fast macro expression — not a fundamental view on a single balance sheet. CU6 (5.81% → 6.77%, +0.96%) is the cleanest example of how shorts treat clinical-stage biotech: binary timelines, funding risk, and violent repricing potential. The company’s quarterly/App 4C is here: https://www.claritypharmaceuticals.com/wp-content/uploads/2025/10/25-10-31_Clarity-Quarterly-Activity-Report-and-App-4C.pdf. CKF (3.48% → 4.22%, +0.74%) is the sleeper move. This is the cost-of-living trade in one line: wage pressure and input costs on one side, a consumer who pushes back on price rises on the other. CKF’s HY26 results presentation: https://www.collinsfoods.com/wp-content/uploads/2025/12/CKF-HY26-Results-Presentation.pdf. On the cover list, AAI (1.18% → 0.29%, -0.89%) was a proper unwind — someone cleared the decks. SGR (9.21% → 8.40%, -0.81%) and WHC (5.02% → 4.32%, -0.70%) also saw decent reductions. BRN (3.56% → 2.78%, -0.78%) suggests shorts stepping back from high-volatility tech exposure without an immediate catalyst; BRN’s recent product guides sit here: http://www.brainchipinc.com/wp-content/uploads/2024/11/Akida-Edge-AI-Box-Quick-Start-Guide.pdf and https://brainchip.com/wp-content/uploads/2024/11/Akida-Edge-AI-Box-User-Guide.pdf. HLS (3.58% → 2.98%, -0.60%) was another meaningful cover; the company’s 1H25 presentation: https://cdn.prod.website-files.com/65d3ca771d58856db2f0cdff/68ac369ac26b73c95cf8e8a2_1H25%20Results%20Presentation%20-%20Final.pdf.
This week’s book is telling you the market is rotating within “energy”, not abandoning it. Coal shorts are coming off (WHC -0.70%), while uranium remains the crowded arena: BOE, PDN, DYL and LOT all sit in the top 10. The nuance is the point — PDN shorts surged while DYL and LOT eased. That’s stock-picking around execution and expectations, not a single call on the uranium spot price. Lithium is splitting too. LTR (+0.18%) and PLS (-0.44%) moving in opposite directions says shorts are now trading company specifics — cost position, balance sheet comfort, and project risk — rather than shorting the whole complex. Outside resources, the tape leans “rates still hurt”. CKF shorts rose (+0.74%) as discretionary pressure gets priced in, while pre-revenue and high-volatility names like CU6 (+0.96%) remain easy targets in a market that punishes funding risk.
Watch PDN’s short position next week. After a +0.67% jump to 16.93%, the next move — another leg higher, or a sudden cover — will tell you whether this is a one-week press or the start of a bigger uranium de-risking trade.
Boss Energy (BOE) at 25.72% short interest (+0.06% week-on-week).
iShares FTSE Global Inflation Linked Bond ETF (GLIN), up from 0.14% to 1.57% (+1.44%).
Four uranium names are in the top 10 (BOE 25.72%, PDN 16.93%, DYL 12.87%, LOT 10.79%), reflecting crowded positioning around execution and delivery risk as projects move from story to production reality.
AAI fell from 1.18% to 0.29% (-0.89%), SGR fell from 9.21% to 8.40% (-0.81%), BRN fell from 3.56% to 2.78% (-0.78%), and WHC fell from 5.02% to 4.32% (-0.70%).
It’s split: Pilbara Minerals (PLS) was covered (12.47% to 12.03%, -0.44%) while Liontown (LTR) saw shorts rise (11.97% to 12.15%, +0.18%).
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.
