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[Apha Biz=(Chicago) Reporter Paul Lee] POSCO Holdings' short-selling balance has increased to the highest level in history.
According to the Korea Exchange on the 3rd, Ecopro, whose stock price has soared due to a "short squeeze" by foreigners and institutions, has been rapidly decreasing since its short selling balance peaked in late May.
The short-selling balance increased to nearly 1.8 million shares at the end of May, but shrank to 650,000 shares at the end of July. It is interpreted as the aftermath of a short quiz due to a surge in stock prices. The proportion of short-selling transactions, which once stood at more than 20%, has also recently fallen to 4-5%.
On the other hand, POSCO Holdings, which Morgan Stanley recently published a selling report, is drawing attention as its short-selling balance is rapidly increasing. Morgan Stanley said in a recent report that POSCO Holdings is "the most expensive lithium stock in the world," signaling a fall in stock prices. This is in contrast to domestic securities firms' recent rise in POSCO Holdings' target stock price.
Even before the Morgan Stanley report was released, public sales focused on the market due to controversy over the overvaluation of POSCO Holdings. As a result, POSCO Holdings' short-selling balance more than quadrupled from 440,000 shares at the end of June to 1.9 million shares at the end of July.
The balance of the loan, which is in preparation for the public sale, more than doubled from 2.9 million shares at the end of June to 5.7 million shares on the 2nd.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
