Themes

ASX Lithium Stocks

Spodumene producers, brine developers and the most crowded shorts on the ASX.

15 constituents · short positions as of · ASIC data, T+4 delay

Median short

0.81%

across 15 constituents

Most shorted

PLS

10.88% of issued capital

Biggest 4-week riser

PLS

+1.43pp in 4 weeks

Above 5% short

2

of 15 constituents

Theme short interest over time

Weekly average · shaded band is the constituent range

Constituents

ASX Lithium Stocks
CodeShort %Δ 4wΔ 1mDays to cover
PLS10.88%+1.4pp+17.2%15.2
VUL7.52%+0.6pp+4.5%18.4
MIN4.65%+0.2pp+24.3%8.6
LTR4.02%+1.0pp3.3
ELV3.56%+0.5pp
PMT2.90%+0.7pp
IGO0.83%+0.3pp+23.5%2.1
WC80.81%+0.3pp+19.4%2.4
INR0.63%+0.1pp-8.3%3.0
LKE0.35%+0.0pp+25.0%0.8
CXO0.22%-0.0pp+58.3%0.3
AGY0.18%-0.0pp1.4
GLN0.13%+0.1pp+32.1%0.5
GL10.01%-0.0pp+40.0%0.0
DLI0.00%-0.0pp+12.5%

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Latest lithium news

About this theme

Lithium is where Australian short selling is most visible. The ASX hosts the largest listed cluster of hard-rock spodumene producers in the world, and the spodumene price is set by a Chinese converter market that moves faster than mine plans do. When conversion margins compress, high-cost producers and pre-production developers lose the ability to fund themselves, and that gap between a fixed cost base and a falling received price is the short thesis in one sentence. The register itself amplifies it: several of these names carry index inclusion, deep options markets and stock lending pools large enough to support double-digit short interest for months. That same depth is why lithium produces the ASX's sharpest squeezes — a supply cut, a takeover approach or a battery-demand surprise forces crowded positions to buy back into limited liquidity.

Short positions come from official ASIC short position reports (published with a T+4 trading-day delay) joined with daily price and volume data. The chart averages the constituents reporting in each week and shades the range between the least and most shorted of them; a member with no data that week is absent from the average rather than counted as zero.

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