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WEIMOB INC Collapses 23%+ as TENCENT Dumps Stake
TENCENT (00700.HK) reduced its stake in WEIMOB INC (02013.HK), of which share price opened 14.78% lower today (10th) before the slump aggravated. Bottoming at $2.38, the stock last...
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WEIMOB INC Collapses 23%+ as TENCENT Dumps Stake
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SHORT SELL
 
STOCK INFO

TENCENT (00700.HK)  -0.200 (-0.054%)    Short selling $1.62B; Ratio 11.673%   reduced its stake in WEIMOB INC (02013.HK)  -0.010 (-0.532%)    Short selling $10.72M; Ratio 0.334%   , of which share price opened 14.78% lower today (10th) before the slump aggravated. Bottoming at $2.38, the stock last printed at $2.44, down 23.27%, with 99.9157 million shares traded, involving $248 million.

TENCENT had trimmed its stake in WEIMOB INC by nearly 122 million shares on Monday (6th), with an average price of $3.4 per share, cashing in nearly $415 million and reducing its stake from 6.55% to 2.94%.

Related NewsCiti Says TENCENT May Be Hampered by News in ST, Views Sell-off as Enhanced Buying Opportunity Given Strong Fundamentals
WEIMOB INC underscored that it will continue to maintain a mutually beneficial and win-win business relationship with TENCENT and continue to serve as a service provider for WeChat Mini Shop, mini programs and Tencent advertisements.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-10 16:25.)

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