ChainCatcher, citing monitoring by Ember, reported that a trader who has been persistently shorting Changxin Memory Technologies, or CXMT, added to the position again after storage-related stocks rebounded noticeably on Wednesday night. The trader first opened the short one day before CXMT’s initial public offering and has increased the position multiple times since then. According to the monitoring data cited in the report, the trader’s current CXMT short position is worth about $22.26 million and is showing an unrealized loss of roughly $4.06 million. The update did not disclose further details on the trader’s identity or the exact venue of the position.
ChainCatcher, citing monitoring by Ember, said a trader who has been continuously shorting Changxin Memory Technologies (CXMT) added to the short position again after the storage sector posted a clear rebound on Wednesday night.
According to the report, the trader first opened the position one day before CXMT’s initial public offering and has gone through several rounds of adding to the short since then. The trader’s current CXMT short position is valued at about $22.26 million, with an unrealized loss of about $4.06 million.
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