Short interest in Li Auto surges to record high as firm remains heavily targeted by short sellers

Li Auto has reached a record high in short interest, with short positions in its Hong Kong-listed shares climbing to 9.6% of free float. This marks a significant increase from about 1% a year ago, making it the most heavily shorted Chinese automaker since last September. The company's stock has fallen approximately 25% over the past year, despite a rise in overall Hong Kong equities, as it faces declining sales amid intense competition.