$XTALPI(02228.HK) The characteristics of this short selling

1. Not bearish, but hedging

They don't bet on a big drop, only on not losing.

2. The short position is "temporary"

When the convertible bonds mature/are converted,

→ The short position must be closed and bought back!

3. The biggest future upward momentum: short covering

Once covering begins, it becomes buy orders, directly pulling up the stock price.

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