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Goldman Sachs: Hedge Funds Adopt Bearish Stance on Xiaomi Stock, Likely to Sustain Short Positions Through Earnings Season
10 hour ago /
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Author：小编
As reported by Bloomberg, Goldman Sachs has indicated that hedge funds have adopted a bearish outlook on Xiaomi's stock and are expected to keep their short positions intact until the earnings season arrives. The report highlighted that both pension funds and hedge funds have ramped up their selling activities over the past fortnight. Owing to a scarcity of catalysts to propel its stock price, Xiaomi has emerged as a widely agreed-upon short-selling target in the near term. Since peaking at an all-time high in June, Xiaomi's stock price has plummeted by nearly 30%. According to Goldman Sachs, the short positions on Xiaomi stock held by its prime brokerage clients have surged by 53% over the past week.
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