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

Odaily reported that according to Ember monitoring, a certain whale has been shorting ChangXin Memory Technologies (CXMT) since yesterday, with the current short position reaching approximately $18 million and an average opening price of around $6.4 (approximately 43 RMB).

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