Insights

These are the 10 most shorted ASX shares

Short sellers are targeting these ASX shares…
The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia. –

Once a week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

Flight Centre Travel Group Ltd (ASX: FLT) continues to be the most shorted ASX share after its short interest rose again to 14.6%. Concerns that the Omicron variant of COVID-19 will derail the travel market recovery has been weighing on sentiment.

Kogan.com Ltd (ASX: KGN) has seen its short interest ease to 12.1%. This week the ecommerce company’s shares will leave the ASX 200 index following a rebalance. Kogan’s abject form has led to its shares being crushed, dragging its market capitalisation to a level that saw it ejected from the index.

Redbubble Ltd (ASX: RBL) has short interest of 11.4%, which is down week on week. Redbubble was also dumped out of the ASX 200 index at the quarterly rebalance. The ecommerce company has been underperforming in FY 2022.

Webjet Limited (ASX: WEB) has short interest of 9.3%, which is down week on week. As with Flight Centre, short sellers appear concerned that Omicron could negatively impact this online travel agent’s recovery.

Zip Co Ltd (ASX: Z1P) has seen its short interest remain flat at 9%. Much to the delight of short sellers, Zip’s shares were sold off last week amid reports that US regulators are looking into the BNPL market.

Mesoblast limited (ASX: MSB) has short interest of 9%, which is down week on week. Short sellers will have been happy to see this biotech company’s shares crash lower last week after Novartis terminated an agreement that could have been worth US$1.25 billion to Mesoblast.

Omni Bridgeway Ltd (ASX: OBL) has short interest of 8.2%, which is down slightly week on week. This may be due to the Government wanting to overhaul class action laws, which could be detrimental to Omni Bridgeway’s business model.

BHP Group Ltd (ASX: BHP) has short interest of 8%, which is flat week on week. Short sellers may believe weaker iron ore prices could lead to the mining giant falling short of expectations in FY 2022.

Monadelphous Group Limited (ASX: MND) is a new entry with short interest of 7.7%. This engineering company has been struggling this year amid the skilled worker shortage and wage inflation.

Polynovo Ltd (ASX: PNV) has seen its short interest ease to 7.2%. Short sellers will have been disappointed to see this medical device company’s shares shoot higher last week following a sales update.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

These were the worst performers on the ASX 200 last week

These were the best performing ASX 200 shares last week

Analysts say these ASX shares are buys

How might the Polynovo (ASX:PNV) share price perform in 2022?

Here are the 3 most heavily traded ASX 200 shares this Friday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Kogan.com ltd, POLYNOVO FPO, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!