The largest short position of Changxin Technology before its listing was closed by the Air Force, resulting in a final loss of US$10.98 million.

PANews reported on October 3 that according to Ember Monitor, the largest short-selling company in Changxin Technology (CXMT) one day before its listing, all short positions were closed 10 hours ago. Its final loss was US$10.98 million, of which US$5.18 million was paid in capital fees and US$5.8 million was lost in price. The whale opened a short bet at a price of $6.5 the day before it went public, but the price of CXMT was extremely strong. After holding the order for 2 months, it finally cleared its position at a price of $8.5, realizing a loss of $10.98 million.