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…