Goldman Sachs: Xiaomi has become a common short target for hedge funds

AASTOCKS
2025.11.06 05:06

According to Bloomberg, Goldman Sachs stated that hedge funds have turned bearish on Xiaomi (01810.HK) stock and may maintain their short positions until the earnings season.

Xiaomi will announce its quarterly earnings on November 18. The Goldman Sachs report indicated that the short positions on Xiaomi stock among its institutional brokerage's main clients have increased by 53% over the past week. In the past two weeks, institutional trading has clearly leaned towards pure selling, with the main selling pressure coming from pension funds and hedge funds. Feedback from hedge funds suggests that Xiaomi has currently become a common short/sell target at least in the short term, due to a lack of catalysts, safety concerns, delays in factory construction, and the electric vehicle business, despite recent promotions, still struggling to boost sales