ASX Short Selling Weekly: 28 Sep – 2 Oct 2026
The most shorted ASX stocks this week (DRO, LOT, BOE), the biggest increases and covering in short interest, and director buying in heavily shorted stocks. ASIC data as at 28 Sep.
As at 28 Sep, average short interest on the ASX rose to 1.52% from 1.51% on 21 Sep. DroneShield Limited (DRO) remained the most shorted stock at 15.17%, up 0.87% from 14.3%. Zip Co Limited (ZIP) saw the largest increase in short positions, rising 1.72% to 12.68%, while Lotus Resources Limited (LOT) recorded significant covering, falling 1.54% to 13.26%. New entrants to the top twenty include JPM GLB Act ETF JPM GLB Act ETF (JPGB) at 9.96% and Deep Yellow Limited (DYL) at 8.91%. Director activity was noted in TLX with 10.75% short interest, TLC at 8.31%, and MIN at 4.3%.
The 10 most shorted ASX stocks
Short positions as at 28 Sep, with the change since 21 Sep.
| Rank | Stock | Company | Short interest | Weekly change |
|---|---|---|---|---|
| 1 | DRO | DroneShield Limited | 15.17% | +0.87% |
| 2 | LOT | Lotus Resources Limited | 13.26% | -1.54% |
| 3 | BOE | Boss Energy Limited | 13.19% | +0.40% |
| 4 | IPX | IperionX Limited | 12.80% | +0.41% |
| 5 | ZIP | Zip Co Limited | 12.68% | +1.72% |
| 6 | PLS | PLS Group Limited | 12.29% | +0.55% |
| 7 | 4DX | 4DMedical Limited | 11.93% | -0.08% |
| 8 | DMP | Domino's Pizza Enterprises Limited | 11.76% | +0.05% |
| 9 | PDN | Paladin Energy Ltd | 11.04% | +0.46% |
| 10 | TWE | Treasury Wine Estates Limited | 10.86% | +0.13% |
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 |
|---|---|---|---|---|---|
| SDF | Steadfast Group Limited | Financials | 1.79% | 4.04% | +2.25% |
| AYA | Artrya Limited | Health Care | 5.85% | 7.69% | +1.85% |
| ZIP | Zip Co Limited | Financials | 10.96% | 12.68% | +1.72% |
| EIQ | Echo IQ Limited | Information Technology | 1.62% | 3.16% | +1.54% |
| CYL | Catalyst Metals Limited | Materials | 5.78% | 6.90% | +1.12% |
| CXO | Core Lithium Ltd | Materials | 2.59% | 3.60% | +1.01% |
| ABB | Aussie Broadband Limited | Communication Services | 4.41% | 5.36% | +0.94% |
| DRO | DroneShield Limited | Industrials | 14.30% | 15.17% | +0.87% |
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 |
|---|---|---|---|---|---|
| HLS | Healius Limited | Health Care | 5.01% | 2.92% | -2.09% |
| LOT | Lotus Resources Limited | Materials | 14.80% | 13.26% | -1.54% |
| MI6 | Minerals 260 Limited | Materials | 9.63% | 8.20% | -1.43% |
| JIN | Jumbo Interactive Limited | Consumer Discretionary | 3.12% | 2.31% | -0.81% |
| EQR | EQ Resources Limited | Materials | 2.84% | 2.11% | -0.72% |
| ARB | ARB Corporation Limited | Consumer Discretionary | 5.54% | 4.94% | -0.60% |
| DGT | DigiCo Infrastructure REIT | Real Estate | 6.16% | 5.64% | -0.52% |
| GYG | Guzman y Gomez Limited | Consumer Discretionary | 6.03% | 5.56% | -0.47% |
New to the top 20
JPGB (9.96%, rank 17), DYL (8.91%, 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 |
|---|---|---|---|---|
| TLX | 10.75% | David Gill | 11,800 | $133,458 |
| TLC | 8.31% | Doug McTaggart | 1,520 | $7,509 |
| MIN | 4.30% | Colin Moorhead | 19 | $1,064 |
Price-sensitive news from heavily shorted stocks
Announcements this week from stocks with at least 5% short interest.
- TLX (10.75% short, 30 Sep): FDA Fast Track for BiPASS Pre Biopsy Prostate Imaging
- LYC (10.58% short, 1 Oct): Lynas Rare Earths to Acquire Meteoric Resources
- LYC (10.58% short, 1 Oct): Lynas Rare Earths to Acquire Meteoric Resources Presentation
- LLC (8.90% short, 2 Oct): Update on MSG North sale
- MI6 (8.20% short, 28 Sep): Share Purchase Plan Opens / Share Purchase Plan Booklet
- AYA (7.69% short, 2 Oct): Huntsville Hospital Health System Commercial Agreement
- CYL (6.90% short, 29 Sep): Catalyst grows Reserves to 2Moz across the Plutonic Belt
- DVP (6.68% short, 29 Sep): FY27 Guidance
- LTR (5.94% short, 30 Sep): Kathleen Valley Expansion Final Investment Decision
- LTR (5.94% short, 30 Sep): Investor Presentation - Kathleen Valley Expansion
- INA (5.21% short, 28 Sep): Receipt of further revised non-binding indicative offer
Short positions come from ASIC's daily short position reports, published four business days after the trade date. This report uses positions as at 28 Sep and compares them with 21 Sep. 747 stocks had reportable short positions. This is data, not investment advice.