With ChangXin Technology (CXMT) surging 5% today to reach a market capitalization of ¥4 trillion, the largest short seller who opened a short position the day before CXMT went public has now suffered losses of as much as $10.82 million...😰 CXMT has been listed for one month, and he has held the position for one month. The 2.9 million $CXMT shares he shorted at $6.5 (¥43.5) are now at $8.6 (¥59). The price loss is $6.3 million, plus $4.52 million in funding fees.
View Original
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
0
Add a comment
Comment
No comments