Shorting Xiaomi Is Consensus Among Hedge Funds, Goldman Says

Hedge funds are ramping up bearish bets on Xiaomi Corp. as caution rises ahead of the Chinese firm’s earnings, according to Goldman Sachs Group Inc.

Short interest in Goldman’s prime book rose 53% over the past week, the bank’s sales desk wrote in a note on Wednesday. High-touch desk flows have also seen more selling over the past two weeks, led by pension and hedge funds, the note said.