ASX Short Covering Scan
Where short sellers are closing out — short interest down at least 1 percentage point over four weeks.
About this scan
Short covering is the act of buying back borrowed shares to close a short position — and that buying is real demand for the stock. Heavy covering can mean the bears' thesis played out and they are taking profits, or that the trade is being abandoned because the stock refuses to fall. This scan lists every ASX stock whose ASIC-reported short interest has dropped by at least one percentage point of issued capital over the past four weeks, ranked by the size of the unwind. Pair it with the price column: covering into a rising price is the classic fuel of a squeeze.
All inputs come from official ASIC short position reports (published with a T+4 trading-day delay) joined with daily price and volume data; the scan is recomputed every trading day. Equities only — ETFs and debt securities are excluded.