$XIAOMI-W(01810.HK) saw an increase of 55 million shares in short selling last week, with the short selling amount reaching 2 billion. The daily actual short selling ratio was 45%, basically unchanged week-on-week. I'm a bit surprised that short interest is still rising without any significant slowdown.
Today's short selling ratio is 20%. Based on last week's actual short selling ratio, the short selling amount is approximately 400 million. Stock Connect plus share repurchases amount to 200 million, so institutions should also be buying around 200 million. The reason the stock hasn't fallen too badly these past few days is partly because institutions are also buying.
To be honest, I think whether you're shorting or being bullish on other stocks now, it feels better than shorting Xiaomi at its current state. Stock Connect holdings are already close to 20%, and their influence on the stock price will definitely increase in the future. I believe that in the absence of any major negative news for Xiaomi, short sellers can only rely on short selling to suppress the stock price, but who will provide the shares for them to cover their positions in the future?
$XIAOMI-W(01810.HK) The cumulative short selling volume reached 150 million shares per day two weeks ago, with an actual increase of 70 million shares in short selling, resulting in a short selling ratio of 47%. This growth rate of short selling is still quite high. In yesterday's pessimistic market, Xiaomi's stock didn't drop significantly. I know institutions are not optimistic about Xiaomi for two reasons: rising memory prices and increased R&D expenses. However, I remain relatively bullish on Xiaomi. First, memory prices are cyclical, and second, Xiaomi is still quite cautious and rational in spending. Since they have significantly increased R&D expenses in recent years, there must be necessary reasons, and I believe there will be returns in the future.
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