Short interest in two Hong Kong-listed Chinese AI model companies has climbed to record levels ahead of their upcoming earnings reports, according to Bloomberg. Z.AI, also known as Zhipu and traded as 2513:HK, and MiniMax Group, listed as 100:HK, are both seeing elevated bearish positioning from investors.
The data cited in the report shows that short positions in MiniMax account for about 20% of its free float, while Z.AI stands at about 6%. Those levels rose as both companies approached their earnings releases, pointing to growing investor concern over intensifying competition in China’s AI sector.
Both companies completed high-profile listings earlier this year, and their share prices later retreated from record highs. Even so, short-selling activity has continued to increase. Market attention is centered on worsening competition among domestic large-model developers and the pressure that may place on profitability expectations and valuations.
Hong Kong-listed Chinese AI model companies Z.AI, also known as Zhipu (2513:HK), and MiniMax Group (100:HK) are facing record short bets ahead of their upcoming earnings reports, according to Bloomberg.
Data cited in the report shows that short positions in MiniMax have reached about 20% of its free float. For Z.AI, the figure is about 6%.
Those positions moved higher as the two companies neared their earnings announcements, reflecting growing investor concern about intense competition in China’s AI sector.
Both companies completed high-profile listings earlier this year. Their shares later pulled back from record highs, yet short-selling activity kept rising.
Market focus is now on intensifying competition among domestic large-model developers and the pressure that could put on profit outlooks and valuations.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
