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LI AUTO-W Sees Short Positions Set All-time High Ahead of Earnings Release Today
Recommend 15 Positive 37 Negative 9 |
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LI AUTO-W (02015.HK), set to release its third-quarter earnings today (26th), saw short positions against the company notch a historical high, since the market anticipated the largest revenue slump since its IPO. As of last Friday (21st), short positions in Li Auto elevated to 8.1% of the free float, setting an all-time high, according to S&P Global data. Eugene Hsiao, Head of China Equity Strategy at Macquarie Capital, analyzed that the market is primarily concerned about Li Auto's Extended Range Electric Vehicle (EREV) business, as competition is expected to remain intense next year with XIAOMI-W (01810.HK) and XPENG-W (09868.HK) launching their own EREVs. LI AUTO-W opened flat today (26th), bottoming at HKD71.7. It last stood at HKD71.85, down 0.21%, with a volume of 1.6334 million shares, amounting to HKD118 million. AASTOCKS Financial News Website: www.aastocks.com |
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