Whale opens 40x leveraged short position on ChangXin Memory Technologies, plans to close at 13 to 30 yuan

According to Odaily, monitoring by Yu Jin reveals that a whale has been shorting ChangXin Memory Technologies (CXMT) since yesterday, with the current short position size reaching approximately $18 million, at an average opening price of around $6.4 (approximately 43 yuan).

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