$XPENG-W (09868.HK)$ Jefferies has 1,976K (09868 XPENG) shar...
$XPENG-W(09868.HK$ Jefferies has 1,976K (09868 XPENG) shares net sales (short) from Jan 19th, 2024, to Mar 28th, 2024.
The last positive shareholding for Jefferies was 151.5K shares on December 19, 2023. It would indicate this long position was cleared out on December 20th, 2023.
Jefferies has been in a short position since December 20th, 2023.
In the best case scenario, Jefferies has a zero net short position from December 20th, 2023, to Jan 18, 2024.
From the period between Jan 19th, 2024 to March 28th, 2024, Jefferies shorted 1,976K shares (HK$70M based on closing price). Therefore, Jefferies' minimum short position is -1,976K shares or more.
In the best case scenario, Jefferies has a zero net short position from December 20th, 2023, to Jan 18, 2024.
From the period between Jan 19th, 2024 to March 28th, 2024, Jefferies shorted 1,976K shares (HK$70M based on closing price). Therefore, Jefferies' minimum short position is -1,976K shares or more.
Jefferies' net short position agrees with their Mar 28th, 2024 price target downgrade recommendation, which has a target price drop from HK$98.9 to HK$73, but it maintains a “buy” rating.
In other words, Jefferies put their money where their mouth is, exactly in that order - short first, then drop the price target, consistent with their conviction and consistent with their trading strategy.
Good job!
In other words, Jefferies put their money where their mouth is, exactly in that order - short first, then drop the price target, consistent with their conviction and consistent with their trading strategy.
Good job!
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