On August 6, MONTAGE TECH fell 4.44% in regular trading, trading at 257.8 HKD/share, with turnover of approximately HKD 103 million. The decline was driven by broad semiconductor sector weakness combined with elevated short-selling pressure on the stock.
On the sector front, semiconductors came under notable selling pressure, with SMIC down 3.38%, GIGADEVICE down 4.16%, ILUVATAR COREX down 3.47%, and HUA HONG GRACE down 2.26%. Meanwhile, S&P Global data showed MONTAGE TECH's short-selling ratio reached 20.64%, the highest among all HK-listed stocks, with 15.64 million shares on loan. JPMorgan also raised its short position in the company's H-shares from 3.55% to 4.05%, signaling intensifying bearish sentiment from institutional players.
Additionally, the stock faced profit-taking pressure after its A-shares surged 7.01% in the prior trading session. The company has been actively conducting share buybacks, having repurchased 705,000 A-shares totaling approximately RMB 144 million through July 31, in an effort to support its market value.
(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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