Short Interest in JD.com Rises to Record as Stock Slumps: Chart

Investors are more bearish than ever on JD.com Inc., even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth. Shares borrowed for short selling touched a record 46 million this week, data compiled by Bloomberg and Markit Ltd. show. The selloff, which accelerated after the company cited weaker consumer spending for a drop in first-quarter gross merchandise volume, pushed shares to $19.91 in intraday trading Wednesday, the lowest since JD.com’s 2014 U.S. debut.

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