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G Sachs: XIAOMI-W Becomes Consensus Short Bet for Hedge Funds
Recommend 43 Positive 81 Negative 56 |
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Goldman Sachs said that hedge funds have turned bearish on XIAOMI-W (01810.HK)'s shares, and may maintain short positions until the earnings season, according to Bloomberg. XIAOMI-W is set to announce its quarterly results on 18 November. According to Goldman Sachs' report, short position on XIAOMI-W's shares by its major institutional brokerage clients increased by 53% over the past week. Feedback from hedge funds suggests that XIAOMI-W has become a consensus short/sell at least in the short term, due to factors such as a lack of catalysts, safety concerns, delays in factory construction and the lack of uptake in EV business despite recent promotions. AASTOCKS Financial News Website: www.aastocks.com |
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