China EV Maker XPeng’s 92% Surge Has Short Sellers Piling In
- Short interest on XPeng’s Hong Kong shares rise to a record
- The stock is also the most volatile among HSCEI members
This article is for subscribers only.
Bearish bets on Chinese electric vehicle maker XPeng Inc. have reached a record high as its share prices almost doubled in recent weeks, suggesting investors are skeptical the rally can last.
Short interest accounted for about 12% of XPeng’s shares available to trade in Hong Kong, according to IHS Markit data as of June 29. The Guangzhou-based automaker’s stock has surged 92% since a low on June 1 to reach overbought territory, before sliding as much as 8.4% on Tuesday.