On September 28, HUA HONG GRACE fell 3.35% in regular trading, trading at HK$105.7/share, with turnover of HK$144 million. The decline came amid a broad semiconductor sector selloff and persistent short-selling pressure on the stock.
The semiconductor sector saw widespread weakness, with SMIC down 2.29%, MONTAGE TECH down 4.39%, GIGADEVICE down 3.52%, BIREN TECH down 5.40%, and ILUVATAR COREX down 4.71%. According to HKEX short-selling data, HUA HONG GRACE recorded short-selling turnover of HK$5.27 billion, the highest in the semiconductor industry, with a short-selling ratio of 18.1%, also the sector's highest. On September 25, the stock's short-selling ratio further surged to 34.71%, ranking third across the sector. Sustained selling pressure from elevated short positions continues to weigh on near-term price action.
(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.)