From the 1st, Han Too-yeon announced that it will operate a publicity bus with the phrase’abolition of short selling’. Offering
Celltrion, the stock with the most short selling in Korea, is rising 15.12% as of 9:35 am on the 1st. In Korea, the anti-short selling movement is expected to begin, and a large amount of personal buying is flowing in. Celltrion Healthcare also rose 10.44%. In addition, HLB is also rising 8.44%.
Celltrion is the stock with the largest short selling balance in Korea. The balance of short selling on the 27th of last month was 2,146.4 billion won, 14 times that of Netmarble (152.2 billion won), which ranked second in the securities market. For this reason, there are opinions among individual investors that Celltrion should be the target of the domestic anti-short selling campaign. HLB is also a stock with the largest short selling balance of 3138 billion won in the KOSDAQ market.
Earlier, Eui-jeong Jeong, CEO of the Korea Stock Investors Association (Han Tu-yeon), said, “In the past, institutions and foreigners have taken advantage of the favorable environment and system to take the property of individual investors.” “We extended the ban on short selling by one year, and in the meantime, If it does not improve, we will engage in group shareholder action, centering on Celltrion and HLB, which have a lot of short selling.”
The prospect that the anti-short selling movement started in the US could spread to Korea came from the end of last month. Some investors posted a post on Reddit, the US internet investment community, which was the starting point of the anti-short selling campaign, saying, “We should make Celltrion a Korean stock the next anti-short selling campaign.” Foreigners and institutions that have set up short selling to Celltrion and HLB are in a tense atmosphere.
Reporter Yang Byung-hoon [email protected]
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