The 10 Most Shorted ASX Stocks · Week 31, 2026
27 July 2026 — 31 July 2026
Shorting eased at the margin this week: the ASX average short position slipped to 1.50% (WoW -0.01%), with 160 fallers versus 120 risers. LOT stayed #1 at 22.49% short (-0.31%) even as the stock collapsed -62.12% to $0.25. The real crowding risk sits in DMP (39.2 days-to-cover) and CAR (37.4 days-to-cover).
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
LOT didn’t just fall — it hit the trapdoor: -62.12% in a week to $0.25, while still wearing the ASX’s biggest short at 22.49%.1 2 The twist is the direction of travel: shorts trimmed by -0.31% into the air pocket, right as the company rolled through reinstatement and entitlement offer mechanics.1 3 That’s not fresh conviction. That’s risk management with the tape on fire.
The top 10 was steady on the surface, but the plumbing is where the story sits. LOT remains the heavyweight at 22.49% short with 12.2 days-to-cover.1 The 13-week track tells you this wasn’t a one-week pile-on: 16.42% → 23.08% → 22.49%.1 This week’s -0.31% is a trim, not a surrender. Then there’s the “crowded exit” pair. DMP is 13.64% short (-0.06%) with 39.2 days-to-cover.1 CAR is 11.47% (-0.16%) with 37.4 days-to-cover.1 Those are positions that can’t leave quietly if the narrative turns. Uranium shorts are still camped out. PDN lifted to 12.03% (+0.07%) and BOE held 11.61% (+0.01%).1 BOE’s next datapoint is its June 2026 quarterly activities release on 2026-07-30.4
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.
This week’s action was in the mid-table — and it split cleanly into two camps: shorts pressing weakness, and shorts covering into strength. Pressing weakness: MYR was the clearest tell. Short interest rose from 2.55% to 2.79% (+0.24%) as the share price dropped -15.38% to $0.22, with an FY26 trading update on 2026-07-27.1 2 5 Days-to-cover is 7.7 — enough to matter, not enough to scare a short.1 Sustained campaigns: CU6 ticked up again, 8.34% → 8.54% (+0.20%), extending to a 4-week streak with 11.1 days-to-cover.1 The financials explain why shorts keep showing up: H1 FY2026 revenue from ordinary activities was $0 million and the H1 FY2026 loss was $55.632 million.6 Contrarian shorting: NXT added +0.14% (8.19% → 8.33%) for a 3-week streak even as the stock rose +4.98% on the week to $13.70.1 2 That’s shorts leaning into rallies, with the last reported H1 FY2026 net loss after tax at A$(39.4) million alongside underlying EBITDA of A$115.3 million and net revenue of A$189.2 million.7 Covering into strength: CCP was the standout faller, 2.29% → 1.71% (-0.57%), with the stock up +3.25% to $13.65.1 2 The last interim dividend declared was 32.0 cents (100% franked) for H1 FY2026 — not the sort of detail shorts ignore when price starts lifting.8 EOS also saw covering: 6.51% → 6.21% (-0.30%) as the stock jumped +8.13% to $7.45, coinciding with its quarterly activities and updated revenue outlook release on 2026-07-27.1 2 9
Zooming out, the tape still reads as mild de-risking: average short interest was 1.50% (WoW -0.01%), and there were more fallers than risers (160 vs 120).1 The biggest aggregate retreat was Food, Beverage & Tobacco: average short interest fell to 3.67% (WoW -0.82%), with ELD the most shorted in the group at 10.60%.1 Consumer Services also eased to 2.71% (WoW -0.12%), led by DMP at 13.64%.1 Where shorts added at the industry level: Insurance rose to 2.29% (WoW +0.24%), led by AUB at 4.87%.1 Energy also ticked up to 1.71% (WoW +0.04%), with PDN the most shorted at 12.03%.1
One thing to watch next week: whether LOT keeps bleeding short interest after the entitlement offer flow hit the market — it’s still 22.49% short, but this week’s -0.31% trim suggests the easy money may already have been taken.1 3
Days-to-cover estimates how many trading days it would take shorts to buy back stock based on average volume. This week the most crowded exits in the top 10 were DMP at 39.2 days-to-cover and CAR at 37.4 days-to-cover.[ref-1]
ASIC data shows LOT’s short interest fell from 22.80% to 22.49% (-0.31%) while the price fell -62.12% to $0.25.[ref-1] [ref-2] That combination is consistent with shorts taking profit or reducing exposure during a volatile period that included reinstatement and entitlement offer activity.[ref-3]
CU6 extended to a 4-week streak higher in short interest (8.34% → 8.54%). NXT and LTR each extended to 3-week streaks (8.19% → 8.33% and 3.19% → 3.32%).[ref-1]
It narrowed slightly this week: 160 stocks saw short interest fall versus 120 risers (moves >0.01pp), and the average short position slipped to 1.50% (WoW -0.01%).[ref-1]
Food, Beverage & Tobacco fell the most on average (3.67%, WoW -0.82%), while Insurance rose the most (2.29%, WoW +0.24%).[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.
