Let's talk about Kuaishou.


This short interest data of 295 million shares is a very critical "nuclear" indicator.
As of April 30th, the short position of 295 million shares means about 8% of the circulating supply has been borrowed.
If calculated based on the extraordinary trading volume of 176 million shares on May 8th, short covering would require 1.67 days;
but if based on the 5-day average volume (80.15 million shares), it would take 3.68 days.
Once a short squeeze occurs, shorts will need to buy more shares to cover, further driving up the stock price.
We might be witnessing a "GameStop" moment in the Chinese market.
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