On September 30, HUA HONG GRACE fell 3.09% in regular trading, trading at 103.5 HKD/share, with turnover of approximately 625 million HKD. The decline extends a multi-day pullback that has been underway since September 28, with cumulative losses widening significantly over the period.
The semiconductor sector came under broad-based selling pressure on the session, with major peers declining across the board: ILUVATAR COREX down 6.73%, MONTAGE TECH down 4.97%, GIGADEVICE down 4.51%, BIREN TECH down 2.78%, and SMIC down 1.23%. Sector-wide weakness weighed heavily on individual names including HUA HONG GRACE.
Short-selling activity has remained notably elevated. HKEX data showed HUA HONG GRACE ranked among the top shorted semiconductor stocks, with short-selling amounts reaching 3.46 billion HKD on September 29 at a short ratio of 22.91%, and earlier data indicating a short ratio as high as 18.1% — the highest in the semiconductor industry. This persistent selling pressure from the short side continues to act as an overhang on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)