Lates News

Alibaba's stock price soared, but the trading that bet on it falling had already skyrocketed before that. The latest available data from S&P Global shows that Alibaba's ADR short positions surged to 161 million shares on September 22, up 4.7 times from the previous trading day, and continued to rise to 163 million shares on September 23, reaching the highest level since January 2019. The short positions accounted for 6.86% of its total shares on that day, much higher than the 1.44% on September 19. Data from S3 also shows that Alibaba's ADR short positions rose to 41.85 million on September 24, higher than the previous day's 41.18 million, reaching the highest level since April, with short positions accounting for 1.76% of the outstanding shares, compared to 1.70% on September 19.