Movement Alert|Leap Motor Falls 3.05% in Regular Trading, Short Selling Pressure Intensifies Amid Bull-Bear Tug of War

Market Focus05-29

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.)

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.

Comments

We need your insight to fill this gap
Leave a comment