CXMT rose 5% on August 27, pushing its market capitalization above 4 trillion yuan and deepening losses for the largest whale that shorted the stock ahead of its listing, according to monitoring cited by Ember. The whale has held the position for one month after shorting 2.9 million shares of CXMT at $6.5. With the stock now at $8.6, the position shows a $6.3 million price loss, while funding fees paid have reached $4.52 million, bringing the total loss to $10.82 million.