Vulnerable Targets Include Krafton, LG Chem
The Korea Exchange announced on Jan. 24 that the average daily short selling in KOSPI was 569 billion won for the first three weeks of this year. For reference, the volume was 360.2 billion won in December last year and 578.5 billion won in May last year, when the short selling ban in the market was lifted in part in 14 months.
Institutional investors’ daily average amounted to 163.5 billion won for the three weeks, up 91.28 percent from the previous month. Likewise, that of foreign investors jumped from 268.1 billion won to 394.7 billion won and that of individual investors increased from 6.6 billion won to 10.8 billion won in one month.
As of Jan. 21, the most vulnerable target was Krafton and the total short selling volume regarding the company amounted to 50.6 billion won. It was followed by LG Chem (32.5 billion won), Samsung SDI (26.2 billion won), Samsung Electro-Mechanics (21.6 billion won) and Celltrion (14.7 billion won).
When it comes to outstanding short selling positions as of Jan. 19, Celltrion is most vulnerable with 751 billion won, followed by Krafton (489.4 billion won), HMM (428.3 billion won), Kakao Bank (398.8 billion won) and LG Display (313.4 billion won).