Movement Alert｜China Conch Venture Falls 5.15% in Regular Trading, Stock Drops Below Parent Companys Latest Accumulation Price Amid Persistent Short Pressure

Market Focus07-21

On July 21, China Conch Venture declined 5.15% in regular trading, trading at HKD 8.49/share, with turnover of approximately HKD 68.50 million.

The decline comes as short-selling pressure continues to weigh on the stock following a severe short attack on July 13 that sent shares plunging as much as 30% intraday. Despite aggressive accumulation by parent Anhui Conch Group — which purchased 9.30 million shares at HKD 10.20 on July 6, 16.41 million shares at HKD 10.04 on July 7, 28.18 million shares at HKD 9.97 on July 10, and 41.19 million shares at HKD 8.98 on July 16, raising its stake from approximately 12% to 17.08% with a target of 21% — the current price has fallen below the groups most recent accumulation price of HKD 8.98, signaling that bearish momentum has not subsided. Data from July 20 showed the stocks short-selling ratio at 43.56%, ranking among the top three in the industrial engineering sector, indicating sustained institutional short interest.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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