Changxin Short Whale Faces 50% Drop for Profit with $1.5M Loss

A major short seller holds 2.6M Changxin shares at a $1.53M loss, targeting 50% price declines to exit. Orders span $2-$4.50, signaling deep bearish conviction.

Woofun AI reports that a significant market participant maintains a short position of 2.6 million Changxin Technology shares, valued at approximately $17.914 million. The position carries an average entry price of $6.40 per share, resulting in a floating loss of $1.252 million and total book losses of $1.533 million after accounting for $281,000 in fees. Utilizing 1x leverage, the trader faces a liquidation price of $17.75 and currently records a return rate of -7.52%.

Data from Hyperliquid indicates that prior to the A-share market open, this entity placed 300 orders totaling 2.6 million shares to reduce holdings. These orders target profit-taking levels between $2 and $4.50 per share, with a weighted average of $3.211. This average is 54.9% lower than the 9:30 opening price of $7.123.

Notably, 64.2% of the orders are set below $3.561, implying that over 60% of the position requires a 50% price decline from the listing price to realize gains.