Changxin Storage Short Position Hits $19.85M With $3.06M Floating Loss

Largest short seller of Changxin Memory holds $19.85M position, facing $3.06M unrealized loss and $45K funding fees in two hours due to price switch.

Woofun AI reports that the largest short position in Changxin Memory has reached a value of $19.85 million, with the entity currently holding 2.6 million CXMT shares. The position, entered at $6.4083 per share, has incurred a floating loss of $3.062 million. Following a switch to actual trading prices, the funding rate multiplier reverted to 0.5, resulting in $45,000 in funding fees paid within two hours.