On August 6, MONTAGE TECH fell 3.77% at open, trading at 260.2 HKD/share, with turnover of 7.2856 million HKD. The decline was driven by broad semiconductor sector weakness combined with intensifying short-selling pressure on the company.
On the sector front, semiconductor stocks came under significant selling pressure, with GIGADEVICE falling 5.35%, HUA HONG GRACE down 3.32%, and SMIC declining 2.72%, reflecting a clear shift in sector sentiment. Meanwhile, data from S&P Global showed MONTAGE TECH's short-selling ratio reached 20.64%, the highest among all Hong Kong-listed stocks, with 15.64 million shares lent out. JPMorgan also raised its short position in the company's H-shares from 3.55% to 4.05% as of July 30, adding to bearish pressure.
Additionally, after the company's A-shares surged 7.01% in the prior trading session, profit-taking momentum weighed on the Hong Kong-listed shares at open. The company has been actively conducting A-share buybacks, having repurchased 705,000 shares totaling approximately 144 million RMB through the end of July.
(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.)
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