 |
Samsung Electronics’ Seocho office building in Seoul. (Photo: Yonhap News) |
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — Short selling has surged sharply as Samsung Electronics and SK Hynix reached symbolic milestones of “900,000 won Samsung” and “400,000 won Hynix,” respectively, with investors betting on a potential price correction after rapid stock gains.
According to the Korea Exchange, Samsung Electronics’ short-selling transaction value jumped to 141.7 billion won on October 2 — when its intraday price hit 90,300 won, marking the first time in four years and nine months the stock reached the “nine hundred thousand” level. This figure was ten times higher than the previous day’s 14.2 billion won.
Short selling is a trading strategy in which investors sell borrowed shares, expecting the price to fall so they can buy them back later at a lower cost.
The short-selling value remained elevated at 95.1 billion won on October 10, when Samsung Electronics briefly touched 94,400 won per share. By comparison, the company’s average daily short-selling value in September was just 33.7 billion won.
Outstanding short positions — representing shares sold short but not yet repurchased — also spiked. On October 2, the amount rose 75.86% from the previous day to 242.7 billion won, and by October 10, it reached 257.5 billion won, the highest level since May 28, 2024 (258.7 billion won).
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
