Changxin Technology’s largest short position began to stop losses after two months, with an expected loss of US$10.84 million.

PANews reported on September 24 that according to Ember Monitor, Changxin Technology (CXMT), the largest single company in the market, began to cut losses and cut losses after two months. The trader shorted 2.9 million shares ($18.85 million) of Changxin Technology (CXMT) at a price of $6.5 the day before it went public at the end of July. CXMT was trapped as soon as it opened and has been trapped for two months now, while still paying high funding fees. Plans to short 2 million shares ($17.04 million) through TWAP (time-sharing orders) have already begun. The loss is expected to be US$10.84 million, of which US$5.24 million will be paid in capital fees alone.

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