Alphabiz - EcoProBM′s short-sellers are losing money due to rising stock prices

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

 

[Alpha Biz=(Chicago) Reporter Paul Lee] According to the Korea Exchange on the 15th, the stock price of EcoProBM jumped more than 52% from 92,100 won at the end of last year to 140,500 won now. It is three times the growth rate of KOSDAQ (14.76%) during the same period.

Short selling investors are suffering from a sharp rise in stock prices. This year, short-selling investors borrowed 3,129,113 shares of EcoProBM and sold them worth about 357.6 billion won. It was sold at an average price of 114,289 won per share.

Short selling investors benefit only when stock prices fall below this price, but EcoProBM's current stock price is 140,500 won, more than 24% higher than the average short selling price. If an investor who sold EcoProBM's shares bought them back at the closing price of the previous day (short covering), it is estimated that he would have suffered an investment loss of 24%.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)