SK Hynix Rallies 12.49% Today as Negative Funding Rates Suggest Heavy Short Positioning

SKHY-9.44%

According to BlockBeats, SK Hynix surged 12.49% today (July 15), leading a significant recovery in the Korean stock market. However, trade.xyz data indicates investors may be actively shorting the stock, with the Korean-listed shares showing an annualized funding rate of -55.37%. Over the past 24 hours, SK Hynix generated $1.36 billion in trading volume with $492 million in open interest.

Hynix's U.S.-listed ADR shares displayed an even more negative annualized funding rate of -63%, alongside $413 million in 24-hour trading volume and $130 million in open interest.

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