CXMT: Short Whale Adds to $22.26M Position

CXMT short whale added to the trade overnight, pushing the position to $22.26 million with $4.06 million in floating losses. The trader opened the short before the Changxin Memory Technologies IPO and has scaled in repeatedly. Pre-market contracts touched $7, widening the mark-to-market loss by another $1.4 million on the day. The same address also maintains an $18 million short entered at $6.4 average with limit orders to cover between $2 and $4.5.