$Direxion FTSE China Bull 3X(YINN.US) Haven't the shorts covered yet?

"Institutions: Short selling of Chinese stocks has receded since the strong rebound.

Ihor Dusaniwsky, Managing Director of Predictive Analytics at S3, stated in a report that short selling of Chinese stocks has receded since the strong rebound. S3 data shows that the stocks causing the biggest losses for short sellers were Alibaba and JD.com, while traders shorting Nio, Li Auto, XPeng, and Pinduoduo still made profits. The data indicates that even after the strong rebound of Chinese stocks listed in the U.S., short sellers were not in a hurry to cover their positions. However, S3 predicts that if the market continues to rise, there will be a 'large-scale short covering,' which will further drive up stock prices."

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