CATL (03750.HK) -7.200 (-2.183%) Short selling $969.02M; Ratio 28.828% , on recent debut, saw independent stock analyst David Webb's warning that the circulation of CATL's H-shares are too low, which suggests a shareholding concentration. Webb stated that even if the over-allotment option is exercised, the company's H-shares will amount to 155.9 million shares, representing 3.42% of the company's total share capital. Related NewsCLSA Initiates High-Conviction Outperform on CATL's H-shrs w/ TP HKD385Among these, 77.455 million shares are locked until November 19, 2025, leaving an actual free float of 78.46 million shares. The top 25 H-share shareholders collectively hold nearly 70% of the company's H-share stock. The Securities and Futures Commission (SFC) typically monitors situations of shareholding concentration and issues warnings, foreign media mentioned. When a company's stock is concentrated among a few shareholders, even a small number of shares in trading can lead to notable price volatility. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)