Whale Holds $18M CXMT Short Position Targeting $2-$4.5 Close Range

Large trader maintains $18M short exposure in CXMT ahead of listing, averaging $6.4 entry with floating losses of $1.4M, targeting $2-$4.5 exit.

Woofun AI reports that a significant market participant holds an open short position valued at $18 million in CXMT contracts. The trader has been accumulating these positions since yesterday, establishing an average entry price of $6.4 per share. With Changxin Storage’s shares scheduled to open shortly, the whale faces a floating loss of $1.4 million as contract prices previously neared $7. The entity plans to close these positions within a target price range of $2 to $4.5.