DroneShield (ASX:DRO) was the most shorted stock on the Australian bourse as of Sept. 22, with 14.59% of its total share registry reported as short positions, according to data from the Australian Securities and Investments Commission (ASIC).

Lotus Resources (ASX:LOT) was the second most shorted stock, with 14.08% of its share registry reported as short positions. IperionX (ASX:IPX) was in the third top spot, with 12.4% of its share registry reported as short positions.

The regulator cautioned that its aggregated short position reports are reliant on the accuracy of reports received from individual short sellers.

DroneShield and Lotus Resources shares each rose 2% in Tuesday trading, while IperionX shares fell 2%.