CXMT One Month After Listing: Largest Short Seller Loses $10.82 Million on 2.9 Million Shares
OdailyOdaily News: According to on-chain analyst Ember monitoring, ChangXin Memory Technologies (CXMT) rose 5% today, reaching a market cap of 4 trillion yuan. A certain short seller shorted 2.9 million shares of CXMT at $6.5 per share (43.5 yuan) the day before its listing. After holding the short position for a month, the price rose to $8.6 per share (59 yuan), resulting in a price loss of $6.3 million and funding fees of $4.52 million, totaling a loss of $10.82 million.
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