The Most Shorted ASX Shares

Here are the 10 most shorted stocks on the ASX as of 25 May 2026 which basically shows where investors have placed their biggest bearish bets in the market.

Lotus Resources Limited (ASX: LOT) 

Lotus Resources Limited  is the most shorted ASX share with a short interest of 18.51% as the uranium producer delivered a disappointing quarterly update. The company reported weak production levels and significant cash outflows during the period and its shares have fallen 68.7% year-to-date. The current market capitalisation is $170.08 million.

Domino's Pizza Enterprises Limited (ASX: DMP)

Domino's Pizza Enterprises Limited has had its short interest flat at 15.28%. Short sellers doubt that its turnaround strategy might not work and the current market capitalisation is $1.67 billion. The stock has declined 15.69% year-to-date.

Telix Pharmaceuticals Limited (ASX: TLX)

Telix Pharmaceuticals Limited now has a short interest of 14.5% as it has struggled with key US FDA approvals over the past 18 months. The current market capitalisation is $4.47 billion and the stock is down almost 50% in the past 12 months.

Boss Energy Limited (ASX: BOE)

has short interest of 14.02% and it is shorted because production outlook beyond 2026 is uncertain while the stock has declined 67% in the past 12 months. The current market capitalisation is almost $546 million.

Treasury Wine Estates Limited (ASX: TWE)

has a short interest of 13.71% because it is struggling due to reduced demand. The stock has declined 50% in the past 12 months. The current market capitalisation is $3.37 billion.

Guzman Y Gomez Limited (ASX: GYG)

has a short interest of 12.59% and short sellers faced losses because the company’s share price surged in the past one month but it is down 32% in the past 12 months. The current market capitalisation is $2.06 billion.

CAR Group Limited (ASX: CAR)

has a short interest of 11.46% as short sellers believe that trading conditions are tough and the auto listings company could underperform expectations. It has declined 15.8% year-to-date. The current market capitalisation is $9.77 billion.

Flight Centre Travel Group Limited (ASX: FLT)

now has a short interest of 11.35% because short sellers believe that travel demand will take a hit which might result in a stock price drop. The stock has declined almost 28% year-to-date. The current market capitalisation is $2.23 billion.

Zip Co Limited (ASX: ZIP)

has a short interest of 11.22% and short sellers believe that the buy now pay later provider's performance could be impacted by weaker consumer spending and higher interest rate environment. The current market capitalisation is $3.01 billion.

Polynovo Limited (ASX: PNV)

has 13.6% of its shares held and this level of short interest is primarily due to valuation concerns while the current market capitalisation is $815.2 million. Short sellers believe that they can gain out of a potential valuation compression.

(Source: Company Report)