CATL bears in retreat as short positions unwind rapidly. Contemporary Amperex Technology's Hong Kong-listed shares saw short interest plummet to 15.4% of free float, down from 26% a week earlier, following the battery giant's blockbuster $5 billion share sale. The offering eased borrowing costs and allowed traders to cover bearish positions at favorable prices. Hong Kong shares rose 4% Wednesday while Shenzhen stock climbed over 6% as markets reopened. Morgan Stanley upgraded CATL to overweight, citing strong growth potential in sodium-ion and condensed battery technologies. Of 25 analysts covering the Hong Kong stock, 23 maintain buy ratings with no sell recommendations, reflecting broad confidence in the company's fundamental outlook and expansion into energy storage and downstream integration.
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