BAP shorts jump +1.11% as DMP stays pinned at 16.02%
Week 10, 2026 (2 Mar 2026 — 6 Mar 2026)
Short positioning was steady at the top end, with DMP unchanged at 16.02% and TWE barely higher at 14.38% (+0.01%). The real action was in the mid-pack: BAP jumped from 7.02% to 8.13% (+1.11%), while BOE eased from 13.11% to 12.50% (-0.61%).
By Shorted AI Research · Published · Sourced from official ASIC short position reports (T+4 delay). Methodology · Not financial advice.
This Week's Analysis
The week’s loudest signal wasn’t in the top 10 — it was BAP. Shorts piled in, lifting BAP from 7.02% to 8.13% in a single week (+1.11%). That’s a meaningful move in a market where the average short position is 1.28% and the average weekly change is +0.01% 1.
At the pointy end, the leaderboard barely budged. DMP remains the most shorted name on the ASX at 16.02% (WoW +0.00%), with TWE next at 14.38% (+0.01%) 1. TLX (13.54%, +0.26%) and GYG (13.41%, +0.03%) are still wearing heavy scepticism despite their growth narratives, while PNV sits at 12.64% (-0.00%) — effectively unchanged 1. The one top-10 name that actually moved was BOE, down from 13.11% to 12.50% (-0.61%) 1. That’s a decent cover in a week, and it lines up with BOE’s recent reporting cadence (December 2025 half-year reporting released 2026-02-26) 2.
Top Shorted Stocks This Week
Financial Snapshot
Key financial metrics from recent company reports for the most shorted stocks.
Biggest Risers
Stocks with the largest increase in short interest this week.
Biggest Fallers
Stocks with the largest decrease in short interest this week.
Movers Analysis
BAP was the standout riser: 7.02% → 8.13% (+1.11%) 1. The timing is hard to ignore given BAP’s 1H26 results/outlook and equity raising materials dated 2026-02-26 3. When shorts add that quickly, they’re usually leaning into either earnings risk, balance sheet risk, or a capital structure event. Elsewhere, shorts also lifted exposure to ZIP (6.80% → 7.19%, +0.39%) 1 even though the company reported $95.4 million of positive cash flows from operations in H1 FY2025 4. That combination — improving cash generation but rising short interest — often signals valuation or competitive concerns rather than immediate solvency fears. On the cover side, WGN collapsed from 0.94% to 0.02% (-0.91%) 1. That’s not trimming — that’s basically an exit. KAR also saw meaningful covering (9.91% → 9.47%, -0.45%) 1, after reporting 1H25 sales revenue of US$308.3 million 5.
Industry Trends
Consumer-facing names are where shorts are most comfortable right now. DMP (16.02%), GYG (13.41%), IEL (11.09%) and FLT (9.77%) keep the pressure on discretionary and travel/education exposures 1. Healthcare is also a clear battleground: TLX is at 13.54%, PNV at 12.64%, and NAN at 11.13% 1. NAN’s fundamentals (FY25 total revenue of $198.6 million) haven’t stopped shorts leaning in 6 — which tells you positioning is being driven by expectations and pricing power debates, not just last year’s numbers.
Outlook
Watch whether BAP’s 8.13% becomes a new base or the start of a second leg higher — and keep an eye on whether BOE’s cover from 13.11% to 12.50% continues after its late-February reporting 1 2.
Frequently Asked Questions
What is the most shorted stock this week?
DMP is the most shorted stock at 16.02% (WoW change: +0.00%).
Which stock had the biggest weekly rise in short interest?
BAP rose from 7.02% to 8.13%, a weekly increase of +1.11%.
Which stock had the biggest weekly fall in short interest?
WGN fell from 0.94% to 0.02%, a weekly decrease of -0.91%.
Why might shorts be adding to ZIP even after positive operating cash flow?
ZIP’s short interest increased from 6.80% to 7.19% (+0.39%) despite reporting $95.4 million of positive cash flows from operations in H1 FY2025, suggesting the market is still debating the durability of earnings and the business model [ref-4].
Sources
- Shorted.com.au weekly short interest report data (Week: 2026-W10, Report Date: 2026-03-02; includes top 10, risers/fallers, and market statistics)(2026-03-02) [asic data]
- ASX announcement: BOE "December 2025 Half-year Financial Report and Appendix 4D"(2026-02-26) [financial report]
- ASX announcement: BAP "2026 Half Year Financial Results, Outlook and Equity Raising"(2026-02-26) [announcement]
- ASX announcement: ZIP "Half Yearly Report and Accounts" (H1 FY2025 operating cash flow $95.4 million)(2025-02-25) [financial report]
- ASX announcement: KAR "2025 Half Year Results Presentation" (1H25 sales revenue US$308.3 million)(2025-08-27) [financial report]
- ASX announcement: NAN "2025 Full Year Financial Results" (FY25 total revenue $198.6 million)(2025-08-26) [financial report]
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.