ASX Short Selling Weekly: 21 Sep – 25 Sep 2026
The most shorted ASX stocks this week (DRO, LOT, IPX), the biggest increases and covering in short interest, and director buying in heavily shorted stocks. ASIC data as at 23 Sep.
As at 23 Sep, compared with 16 Sep, average short interest held steady at 1.52%, matching the previous 1.52%. Droneshield Limited (DRO) remained the most shorted stock at 14.76%, down 0.99% from 15.75%. Lotus Resources Limited (LOT) ranked second at 13.32%, falling 3.98% from 17.3%, while Iperionx Limited (IPX) rose 0.66% to 12.48%. Boss Energy Ltd (BOE) increased 2.22% to 12.4%, and 4Dmedical Limited (4DX) dipped 0.19% to 11.97%.
Notable short builds included Artrya Limited (AYA), which jumped 4.88% to 6.66%, and Betagblsharesexus ETF Units (EXUS), up 4.11% to 4.64%. Minerals 260 Limited (MI6) rose 2.96% to 8.22%, and Sunrise Energy Metals Limited (SRL) gained 2.49% to 3.66%. Significant covering occurred in Bapcor Limited (BAP), down 4.7% to 2.02%, and Jumbo Interactive Limited (JIN), down 4.47% to 2.38%. New entrants to the top 20 included Electro Optic Systems Holdings Limited (EOS) at 10.57% and Lendlease Group (LLC) at 8.71%.
The 10 most shorted ASX stocks
Short positions as at 23 Sep, with the change since 16 Sep.
| Rank | Stock | Company | Short interest | Weekly change |
|---|---|---|---|---|
| 1 | DRO | Droneshield Limited | 14.76% | -0.99% |
| 2 | LOT | Lotus Resources Limited | 13.32% | -3.98% |
| 3 | IPX | Iperionx Limited | 12.48% | +0.66% |
| 4 | BOE | Boss Energy Ltd | 12.40% | +2.22% |
| 5 | 4DX | 4Dmedical Limited | 11.97% | -0.19% |
| 6 | PLS | PLS Group Limited | 11.94% | +0.86% |
| 7 | DMP | Domino's Pizza Enterprises Limited | 11.93% | -0.21% |
| 8 | ZIP | ZIP Co Limited | 11.22% | +0.03% |
| 9 | TWE | Treasury Wine Estates Limited | 10.83% | -0.59% |
| 10 | TLX | Telix Pharmaceuticals Limited | 10.72% | +0.05% |
Biggest increases in short interest
Where short sellers added the most, among stocks with at least 2% short interest.
| Stock | Company | Sector | Before | Now | Change |
|---|---|---|---|---|---|
| AYA | Artrya Limited | Health Care | 1.78% | 6.66% | +4.88% |
| EXUS | Betagblsharesexus ETF Units | — | 0.53% | 4.64% | +4.11% |
| MI6 | Minerals 260 Limited | Materials | 5.26% | 8.22% | +2.96% |
| SRL | Sunrise Energy Metals Limited | Materials | 1.18% | 3.66% | +2.49% |
| LIN | Lindian Resources Limited | Materials | 1.43% | 3.80% | +2.37% |
| CXO | Core Lithium Ltd | Materials | 0.39% | 2.75% | +2.35% |
| BOE | Boss Energy Ltd | Energy | 10.18% | 12.40% | +2.22% |
| EQR | Eq Resources Limited | Materials | 0.42% | 2.41% | +1.99% |
Biggest short covering
Where short positions fell the most. Covering can add buying pressure, but it can also just mean the bearish thesis has played out.
| Stock | Company | Sector | Before | Now | Change |
|---|---|---|---|---|---|
| BAP | Bapcor Limited | Consumer Discretionary | 6.72% | 2.02% | -4.70% |
| JRHG | JPMJRHG ETF Units | — | 5.88% | 1.20% | -4.68% |
| GEM | G8 Education Limited | Consumer Discretionary | 6.13% | 1.59% | -4.54% |
| JIN | Jumbo Interactive Limited | Consumer Discretionary | 6.85% | 2.38% | -4.47% |
| LOT | Lotus Resources Limited | Materials | 17.30% | 13.32% | -3.98% |
| HLS | Healius Limited | Health Care | 7.20% | 3.72% | -3.49% |
| MEK | Meeka Metals Limited | Materials | 3.06% | 0.51% | -2.55% |
| PFP | Propel Funeral Partners Limited | Consumer Discretionary | 3.10% | 0.91% | -2.18% |
New to the top 20
EOS (10.57%, rank 11), IPH (8.88%, rank 18), CUV (8.87%, rank 19), LLC (8.71%, rank 20).
Directors buying heavily shorted stocks
On-market buys lodged this week in stocks with at least 3% short interest — insiders taking the other side of the short trade.
| Stock | Short interest | Director | Shares | Value |
|---|---|---|---|---|
| ASX | 5.13% | Anne Joan Loveridge | 91 | $4,931 |
| ASX | 5.13% | Dr Heather Joy Smith | 78 | $4,227 |
| ASX | 5.13% | David Thomas Curran | 73 | $3,956 |
Price-sensitive news from heavily shorted stocks
Announcements this week from stocks with at least 5% short interest.
- TLX (10.72% short, 21 Sep): Telix and ITM Join Forces to Create Radiopharma Powerhouse
- TLX (10.72% short, 21 Sep): Telix and ITM Join Forces to Create Radiopharma Powerhouse
- VUL (7.63% short, 21 Sep): First commercial scale production of VULSORB
- MSB (7.37% short, 24 Sep): FDA Approves New Potency Assay for Commercial Ryoncil
- CYL (6.50% short, 21 Sep): Cinnamon Resource grows 370%, maiden underground Reserve
- INA (5.23% short, 21 Sep): Ingenia Rejects Revised Non Binding Indicative Offer
Short positions come from ASIC's daily short position reports, published about three business days after the trade date. This report uses positions as at 23 Sep and compares them with 16 Sep. 737 stocks had reportable short positions. This is data, not investment advice.