---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38681827.md"
description: "$XTALPI(02228.HK) The characteristics of this short selling1. Not bearish, but hedgingThey don't bet on a big drop, only on not losing.2. The short position is "temporary"When the convertible bonds mature/are converted,→ The short position must be closed and bought back!3. The biggest future upward momentum: short coveringOnce covering begins, it becomes buy orders, directly pulling up the stock price."
datetime: "2026-02-12T04:37:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38681827.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38681827.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38681827.md)
author: "[江汉南京](https://longbridge.com/en/profiles/16860474.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38681827.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38681827.md)


# $XTALPI(02228.HK) The characteristics of this shor…


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