Welcome back to the Short Seller Series – A recap of the most heavily shorted stocks on the ASX and those experiencing significant changes to short interest over the past week.

Short selling data is four days behind today's date because reporting is not mandatory until three business days after the trade. The tables below will compare:

  • Week-on-week changes between 6 and 13 July 2026

  • Month-on-month changes between 15 June and 13 July 2026

  • Most covered and rising short tables record week-on-week changes of ~0.5% or more

Most Shorted

A slight reshuffling among the ranks, with Telix slipping from #4 to #6, while Treasury Wine Estates dropped out of the top ten and was replaced by Elders.

TickerCompanyShort %Week-on-WeekMonth-on-Month
LOTLotus Resources 22.80%-0.01%-0.07%DMPDomino's Pizza13.84%-0.02%-0.64%DRODroneshield 12.84%0.90%1.07%4DX4DMedical12.00%0.52%0.71%FLTFlight Centre 11.81%0.38%0.36%TLXTelix Pharmaceuticals 11.72%-0.18%-1.22%BOEBoss Energy 11.71%-0.06%-2.67%CARCAR Group 11.63%0.31%-0.34%PDNPaladin Energy 11.48%0.09%0.71%ELDElders 10.75%0.54%1.82%

Rising Shorts

Defence stocks are coming under shorting pressure, with short interest for both Electro Optic Systems and Droneshield sitting at record levels. Both have sold off aggressively in recent weeks, EOS down 43% from its 2 June record high and Droneshield off around 35% over the same period. Minerals 260 has seen its short interest spike from around 1.5% in mid-June to a record 4.66%, after the company released the PFS for its Bullabulling Gold Project in Western Australia. The stock fell 16.5% on the day (8 July) on concerns about capital intensity relative to prior expectations. Elsewhere, plenty of resource names including Genesis (set to merge with Vault Minerals), Develop Global, Firefly Metals and Vulcan Energy are seeing short interest rise against a volatile backdrop for commodity markets, with the S&P/ASX 200 Materials Index down 13.7% since its 17 June record high.

TickerCompanyShort %Week-on-WeekMonth-on-Month
EOSElectro Optic Systems 6.44%1.78%3.55%GMDGenesis Minerals 7.67%1.18%1.60%DRODroneshield 12.84%0.90%1.07%MI6Minerals 260 4.66%0.85%3.21%CU6Clarity Pharmaceuticals 7.62%0.84%0.35%GEMG8 Education 5.88%0.82%0.30%JINJumbo Interactive 7.11%0.67%1.65%DVPDevelop Global 4.70%0.66%0.68%FFMFirefly Metals 6.72%0.66%1.66%VULVulcan Energy Resources 6.96%0.63%1.08%ORAOrora 5.42%0.60%1.02%ELDElders 10.75%0.54%1.82%4DX4DMedical12.00%0.52%0.71%JHXJames Hardie 4.14%0.51%1.12%

Most Covered

Atlas Arteria is seeing its short interest shrivel as suitor IFM lifts its voting power to 67.43%, effectively winning its four-year, $7.4 billion hostile pursuit of the toll road group at $5.10 a share. IFM now plans a full strategic review, with squeezing more value out of the Chicago Skyway, a 2022 acquisition it long opposed, as the top priority. Qoria has also seen its shorts fade after completing its merger with Aura, which debuted on the ASX earlier this month under the ticker AXQ.

TickerCompanyShort %Week-on-WeekMonth-on-Month
ALXAtlas Arteria1.58%-1.82%0.16%QORQoria1.87%-1.25%-1.72%GYGGuzman Y Gomez9.25%-1.24%-3.29%ILUIluka Resources 6.42%-1.17%-0.16%ARUArafura Rare Earths1.25%-1.08%-2.05%ACLAustralian Clinical Labs 6.73%-0.96%-1.56%SNLSupply Network 3.58%-0.86%-1.13%CNICenturia Capital Group0.67%-0.85%-1.15%SX2Southern Cross Gold 2.98%-0.85%-0.73%MP1Megaport 2.81%-0.70%-3.10%FWDFleetwood 0.28%-0.64%-0.69%RSGResolute Mining 1.21%-0.61%0.27%QUBQUBE 0.52%-0.61%-0.09%AX1Accent Group 1.13%-0.60%-1.60%INAIngenia Communities 2.62%-0.51%0.27%BPTBeach Energy 8.09%-0.51%-1.66%GDGGeneration Development Group 5.55%-0.50%-3.21%