US stock signals · July 28, 2024 0

EAST BUY Sinks 26%+ as Anchor Dong Yuhui Resigns

Dong Yuhui, a Chinese streamer, left EAST BUY (01797.HK)  -2.900 (-23.387%)    Short selling $235.13M; Ratio 26.327%   yesterday, and bought the live stream account, "Time with Yuhui", from the Company.

EAST BUY opened 15% lower at $10.54. After the market opened, the decline widened in the early session, and the stock last sank 26% to $9.22. Volume was 8.14 million shares, involving $82.7 million.

EAST BUY's parent company, NEW ORIENTAL-S (09901.HK)  -2.550 (-4.435%)    Short selling $64.86M; Ratio 13.539%   , eroded 7.7% to last at $53.05.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 16:25.)