$XIAOMI-W(01810.HK)

Xiaomi Analysis: The Shorts Are In Control 🤔?

As of late May 2026, Xiaomi’s share price is trading at HKD 28.04, down 6.28% month to date. Based on current price action, short volume and accumulated short positions, the overall trend remains firmly bearish.

🔷Technical Trend and Price Action

The stock is currently hovering near its 52-week low of 27.50. Having crashed 54.3% from its 52-week high of 61.45, the data confirms a strong, established downtrend over the past year.

🔷High Bearish Pressure

According to Longbridge daily activity, Xiaomi is under significant bearish pressure. On 29 May 2026, the Short Sell Ratio reached 30.15%, meaning nearly one-third of all shares traded that day were short sales.

This high figure indicates aggressive betting by traders that the price will continue to fall. The short volume accounted for 75 million shares out of a total volume of 248.81 million.

🔷Rising Short Sentiment

Accumulated short positions have been steadily climbing and signaling a long-term bearish outlook:

• January 2026: Short interest ratio was between 4.06% and 4.52%.

• 22 May 2026: It rose to 5.92%.

This steady increase suggests that short sellers are not merely day trading; they are building and holding larger positions, betting on a sustained decline.

🔷Profitability and Market Risk

Short sellers are currently “in the money.” The average short position price was approximately 30.00 on 22 May and significantly higher (37.10) in January.

Because these sellers are sitting on profits, there is a risk of a “short-covering rally.” If short sellers decide to buy back shares to lock in gains simultaneously, the price could see a temporary bounce.

However, based on the current data it suggests that the sellers are comfortable holding their positions as the price drops. Unless positive news triggers a “short squeeze”, the technical pressure remains heavily skewed to the downside.

Not financial advice. Please do your own DD.