On May 29, Leap Motor fell 3.05% in regular trading, trading at 39.36 HKD/share, with trading volume of 411 million HKD, extending its decline from the prior session.
On the news front, the stock is experiencing an intense bull-bear battle. Outstanding short positions exceed 92 million shares, representing approximately 8% of public float, with short interest continuing to climb. Meanwhile, southbound capital has been steadily accumulating, now holding 27.12% of shares, leaving actual free float at only about 11%. This constrained liquidity has amplified volatility as both sides compete for limited available shares.
Additionally, Leap Motor recently reported Q1 results showing gross margin declining to 9.4% from 14.9% year-over-year, while net losses widened to 390 million yuan. The company also spent nearly 690 million yuan acquiring a commercial land plot in Hangzhou for its new headquarters.
Within the Automobile Manufacturers sector, BYD Company up 1.77%, Geely Auto down 0.48%, Xpeng down 3.39%, Li Auto down 4.22%, and NIO down 4.60%, reflecting broad weakness among EV makers.
(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.)
Comments