The first 3% decline in short selling
HLB’s short selling balance plunges
Celltrion(341,500 -1.73%)And HLB(92,600 -2.94%)The short selling balance of the company is rapidly decreasing. It seems that the liquidation of the hedge fund’s short selling position seems to have been pressured by domestic individual investors to target these stocks as their main targets for anti-short selling campaigns.
According to the Korea Exchange on the 4th, the balance of short selling Celltrion decreased from 2,146.4 billion won on the 27th of last month to 1.826.7 billion won on the 1st of this month. The share of the short selling balance in the market capitalization decreased from 4.8% to 3.7% during this period. This is the first time since June 2016, when the exchange began to disclose the current status of short selling in Celltrion’s short selling balance.
HLB’s short sale and balance also decreased a lot. The balance of short selling of this stock decreased from 3138 billion won on the 27th of last month to 2679 billion won on the 1st of this month. The share of the short selling balance in the market capitalization also fell to 5.2%, the lowest since October 2018.
During this period, foreign investors net purchases of Celltrion and HLB were worth 515 billion won and 63.7 billion won, respectively. In the securities industry, foreign investors are expected to have bought these two stocks in net order to liquidate the existing short selling position, fearing that an anti-short selling campaign will unfold in Korea.
Some analysts believe that the decline in short selling balances will have a positive effect on the further upside of these stocks. “It is difficult for now to predict whether the flow of liquidation of short selling will continue,” said Eui-jeong Eui-jeong, president of the Korea Stock Investors Association, which is leading the anti-short selling movement.
Reporter Yang Byung-hoon [email protected]
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