ChangXin Technology (CXMT) rose 5% on Aug. 27 to push its market capitalization above 4 trillion yuan, according to on-chain analyst Ember, cited by PANews. The largest short seller before CXMT’s listing has held the position for a month and is now facing total losses of $10.82 million. The position covers 2.9 million CXMT shares shorted at $6.50, while the price has risen to $8.60. The resulting price loss is $6.30 million, alongside $4.52 million in funding fees.