Xiaomi Short Interest Hits Record 9% as Memory Costs Rise and EV Rivalry Intensifies
Updated
Updated · Bloomberg · May 26
Xiaomi Short Interest Hits Record 9% as Memory Costs Rise and EV Rivalry Intensifies
2 articles · Updated · Bloomberg · May 26
Short interest in Xiaomi climbed to about 9% of free float last week, a record level ahead of the company’s first-quarter earnings.
Rising memory costs and intensifying competition in China’s electric-vehicle market drove the bearish positioning against the smartphone and EV maker.
Xiaomi shares have already dropped about 50% from their July all-time high, leaving them among the weakest performers on the Hang Seng Tech Index over that stretch.
S3 Partners data show how sharply sentiment has turned: short bets were below 2% of free float a year earlier.
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