Posteo

Whale takes profit: A prominent whale trader reduced their short position on SK Hynix (skhx) by 749.01 units, capturing a profit of approximately $1.08 million. Remaining position size: The trader's total remaining short position stands at $6.13 million, holding an average entry price of $1,114.15 against the current asset price of $1,059.20. Substantial monthly deficit: Despite securing this short-term win, this specific address remains the largest short holder of SK Hynix and carries a heavy monthly loss of about $6 million. Do you think this whale closing out a portion of their short means they expect SK Hynix stock to rebound soon?