Insights

These are the 10 most shorted shares on the ASX

Megaport Ltd (ASX:MP1) and Webjet Limited (ASX:WEB) shares are among the most shorted shares on the ASX this week…
The post These are the 10 most shorted shares on the ASX appeared first on The Motley Fool Australia. –

most shorted ASX shares

At the start of each 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:

  • Webjet Limited (ASX: WEB) remains the most shorted ASX share after its short interest jumped week on week to 15.3%. It appears as though short sellers believe the travel market may take longer to recover than hoped.
  • Tassal Group Limited (ASX: TGR) has seen its short interest remain flat at 9.9%. Weak salmon prices and Australia-China trade war fears are weighing on sentiment.
  • Flight Centre Travel Group Ltd (ASX: FLT) has short interest of 8.8%, which is flat week on week. Short sellers appear to believe the travel agent’s shares are overvalued at the current level.
  • Inghams Group Ltd (ASX: ING) has 8.3% of its shares held short, which is up week on week. Concerns over an unfavourable shift in its sales mix and the sudden exit of its CEO could be weighing on sentiment.
  • Resolute Mining Limited (ASX: RSG) has seen its short interest rise week on week again to 8.2%. A disappointing full year result, weak guidance, and the termination of its Bibiani mining licence are weighing on this gold miner’s shares.
  • Metcash Limited (ASX: MTS) has seen its short interest remain flat at 7.3%. Valuation concerns, supermarket price war fears, and high capital expenditure plans could be behind this high level of short interest.
  • InvoCare Limited (ASX: IVC) has 6.3% of its shares held short, which is down slightly week on week. There are concerns that InvoCare could be losing market share to its funeral industry rivals.
  • Megaport Ltd (ASX: MP1) has entered the top ten with short interest of 6.2%. This may be due to valuation concerns, especially given rising bond yields.
  • Temple & Webster Group Ltd (ASX: TPW) has seen its short interest rise to 6.1%. As with Megaport, this appears to be due to fears over the sky high multiples that its shares trade on.
  • Alkane Resources Limited (ASX: ALK) is back in the top ten with short interest of 5.8%. Investors may be disappointed with the slow progress the company is making with its rare earths project. Investors were very excited about it last year, driving its shares notably higher.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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

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

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!