Every Monday 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) continues to be the most shorted share on the ASX despite another reduction in short interest to 13.2%. Short sellers will be disappointed to learn that COVID-19 vaccine optimism has led to Webjet’s shares surging 50% higher month to date.
- Western Areas Ltd (ASX: WSA) has seen its short interest jump to 11.3%. Short sellers…