Whale opens 40x leveraged short on Changxin Technology, plans to close at 13 to 30 yuan

Odaily Planet Daily News, according to Ember monitoring, a whale has been shorting Changxin Technology (CXMT) since yesterday. The current short position size has reached approximately $18 million, with an average opening price of about $6.4 (approx. 43 yuan).

This address has previously set closing orders for this short position, with a price range of $2 to $4.5 (approx. 13 to 30 yuan). The pre-market contract price of Changxin Technology once rose to $7, resulting in a current floating loss of approximately $1.4 million for the whale.