The 10 Most Shorted ASX Stocks · Week 30, 2026
20 July 2026 — 24 July 2026
The week’s cleanest signal was QOR: short interest collapsed from 1.63% to 0.14% (-1.49%), a -3.28 z-score move on a 4-week falling streak, coinciding with its 2026-07-20 removal from the Official List [ref-1]. In the top 10, LOT stayed pinned at 22.80% (14.7 days-to-cover) while TWE entered at 10.57% with 31.9 days-to-cover [ref-2]. Market-wide shorting barely moved: average short interest was 1.49% (+0.01%) with breadth perfectly split (136 risers vs 136 fallers) [ref-3].
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
QOR didn’t drift lower. It vanished. Short interest collapsed from 1.63% to 0.14% (-1.49%) in a single week — a -3.28-sigma move versus its own 13-week norm — extending a 4-week run of covering 1. The timing matches QOR’s 2026-07-20 removal from the Official List 1. When the listing goes, the short book doesn’t get a vote.
At the top of the leaderboard, LOT remains the market’s anchor at 22.80% short, unchanged on the week 2. But “unchanged” doesn’t mean “easy”: 14.7 days-to-cover keeps it in crowded-exit territory if the positioning ever flips 2. DMP (13.79%, -0.12%) and FLT (12.38%, -0.03%) both eased, but the liquidity maths is the real story: DMP sits at 37.2 days-to-cover and FLT at 22.9 2. Those are positions that can turn into price action. The new face is TWE — NEW TO TOP 10 at 10.57% short 2. It’s also slow to unwind at 31.9 days-to-cover 2, even after a +4.19% weekly lift to $4.72 4. The fundamentals explain why the short base hangs around: TWE reported a net loss after tax of $649.4 million for H1 FY2026 and suspended its dividend for the half 5. CAR quietly firmed to 11.59% (+0.14%) with 30.4 days-to-cover 2. That’s a sticky bet, not a trade.
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.
Outside the delisting-driven air pocket in QOR, the action was more about campaigns than panics. TPW is the cleanest “build” this week: short interest rose from 7.32% to 7.52% (+0.20%) for a 4-week streak 2. The tape backed the shorts: TPW fell -5.05% to $5.08 on the week 4. And while the business printed H1 FY26 revenue of $375.9 million (+20%) and profit after tax of $5.762 million (down 35.8%) 6, the short interest kept grinding higher anyway. IMM led the risers: 3.22% to 3.64% (+0.42%) on a 2-week streak 2, alongside a -16.67% weekly drop to $0.05 4. Two “contrarian adds” stood out: S32 (1.27% to 1.41%, +0.14%) rose +2.77% to $4.08 4, and NHC (4.51% to 4.65%, +0.14%) rose +3.07% to $5.38 4. On the covering side, EOS (7.10% to 6.48%, -0.61%) and EML (3.73% to 3.12%, -0.61%) both saw shorts unwind into weakness — EOS fell -14.30% to $6.89 and EML fell -5.88% to $0.32 4. That reads like risk reduction. JHX also saw shorts step back (4.58% to 4.15%, -0.42%) as the stock rose +4.48% to $36.59 4. ELD eased from 10.87% to 10.50% (-0.37%) with the price up +1.44% to $5.63 4.
At the aggregate level, Automobiles & Components remains the most shorted industry by average at 5.25% (WoW +0.00%) across 3 stocks, led by PWH at 7.62% 7. The biggest weekly lift in the table was Pharmaceuticals, Biotechnology & Life Sciences: average short interest rose to 1.86% (+0.19%) across 28 stocks, with TLX the most shorted at 11.68% 7. The biggest pullback was Health Care Equipment & Services: average short interest fell to 2.72% (-0.11%) across 32 stocks, even with 4DX still sitting at 13.14% 7. Food, Beverage & Tobacco de-risked too: average short interest fell to 4.55% (-0.08%) across 9 stocks, with TWE the most shorted at 10.57% 7. Zooming out, the whole tape was dead even: average short interest was 1.49% (+0.01%), with 136 risers and 136 fallers (moves >0.01pp) 3.
Watch whether TWE can stay in the top 10 while carrying 31.9 days-to-cover — if that number starts falling, it’s a real unwind, not noise 2. And keep a close eye on the biotech aggregate: Pharmaceuticals, Biotechnology & Life Sciences lifted to 1.86% (+0.19%); another week like that would turn a one-week nudge into a sector-wide build 7.
QOR’s short interest fell 1.49% (1.63% → 0.14%), a -3.28 z-score move on a 4-week falling streak, coinciding with its 2026-07-20 removal from the Official List [ref-1].
Days-to-cover estimates how many days of average trading volume shorts would need to buy back. This week the most crowded top-10 exits were DMP (37.2 days), TWE (31.9 days), and CAR (30.4 days) [ref-2].
TWE entered the top 10 at 10.57% short [ref-2]. In its H1 FY2026 interim results it reported a net loss after tax of $649.4 million and suspended its dividend for the half [ref-5].
Automobiles & Components averages 5.25% short interest, and Food, Beverage & Tobacco averages 4.55% [ref-7].
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.
