10 Most shorted ASX shares currently

Here are the 10 most shorted shares on the ASX this week which showcases where investors are placing their biggest bearish bets in the market.

Domino's Pizza Enterprises Limited (ASX: DMP)

Domino's Pizza Enterprises Limited (ASX: DMP) is still the most shorted ASX stock after its short interest remained flat at 15.3%. Short sellers have doubts that the pizza chain operator's turnaround strategy might not deliver. The current market capitalisation is $1.68 billion. The stock has declined 15.64% year-to-date.

Telix Pharmaceuticals Limited (ASX: TLX) 

Telix Pharmaceuticals Limited (ASX: TLX)  now has a short interest of 14.6% which has increased compared to last week. Short sellers faced losses because the company’s share price rose last week after the U.S. Food and Drug Administration accepted its NDA for Pixclara. The current market capitalisation is $5.33 billion and the stock has actually surged 40.36% year-to-date but is down almost 40% in the past 12 months which showcases immense volatility.

Polynovo Limited (ASX: PNV) 

Polynovo Limited (ASX: PNV) has 14% of its shares held short but this number is down since last week and this level of short interest is primarily due to valuation concerns. The current market capitalisation is $725.39 million while the stock has declined 14.63% year-to-date.

Guzman Y Gomez Limited (ASX: GYG)

Guzman Y Gomez Limited (ASX: GYG) currently has short interest of 13.7% which has declined compared to the previous week. Short sellers faced losses because the company’s share price surged last week after it reported a good improvement in performance. The current market capitalisation is $2.03 billion. The stock has declined 8.59% year-to-date.

Treasury Wine Estates Limited (ASX: TWE)

saw its short interest surge to 12.5% primarily because it is struggling due to consumer spending pressures. The current market capitalisation is $3.17 billion while the stock has declined 54.31% in the past 12 months.

Flight Centre Travel Group Limited (ASX: FLT)

now has a short interest of 12% which rose slightly compared to last week because short sellers believe that travel demand can be impacted by the Middle East conflict. The current market capitalisation is $2.36 billion. The stock has declined 24.65% year-to-date.

Boss Energy Limited (ASX: BOE) 

Boss Energy Limited (ASX: BOE) has short interest of 11.7% and while it has come down since last week, it is shorted because production outlook beyond 2026 is uncertain. The current market capitalisation is $655.9 million and the stock has declined almost 40% in the past 12 months.

Nanosonics Limited (ASX: NAN) 

Nanosonics Limited (ASX: NAN) has a short interest of 11.6% which is lower than last week and it operates in infection prevention technology but its recent results have not been great. The current market capitalisation is $1.08 billion. The stock has declined 10.2% year-to-date and 23% in the past 12 months.

DroneShield Limited (ASX: DRO)

DroneShield Limited (ASX: DRO) has a short interest of about 11.5% primarily because last week, it announced the exit of its CEO and chairman. The current market capitalisation is $3.12 billion and the stock has declined 13.65% in the past one month but has surged 280% in the past 12 months.

Zip Co Limited (ASX: ZIP) 

Zip Co Limited (ASX: ZIP) has a short interest of 11.2% and later this week, it will release its third-quarter update which short sellers believe will be disappointing. The current market capitalisation is $2.21 billion and the stock has declined 47.2% year-to-date.

(Source: Company Report)