Largest CXMT Short Seller Cuts Losses After Two-Month Hold

According to Ember, the largest short seller of ChangXin Memory Technologies (CXMT) is liquidating their position after holding for two months. The trader originally shorted 2.9 million shares at $6.50 in late July. With the stock price rising, the trader is now closing 2 million shares via TWAP, facing an estimated loss of $10.84 million, of which $5.24 million consists of funding fees.