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<On Move>MEITU Plummets ~10% Below 10MA
MEITU (01357.HK) opened 0.7% lower this morning (25th) before plunging steeply in early trading below the 10MA (approximately HKD10.58), with a dive of 10.4% to bottom at HKD10.02....
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<On Move>MEITU Plummets ~10% Below 10MA
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STOCK INFO

MEITU (01357.HK)  -0.480 (-3.974%)    Short selling $123.50M; Ratio 6.771%   opened 0.7% lower this morning (25th) before plunging steeply in early trading below the 10MA (approximately HKD10.58), with a dive of 10.4% to bottom at HKD10.02. It last traded at HKD10.08, down 9.8%, with a trading volume of 103 million shares, involving HKD1.072 billion.

The market is speculating on the AI assistant concept, and the stock has been on an uptrend since mid-May (around HKD5.4), reaching HKD11.56 on July 21, accumulating a leap of over 1.1 times in just over two months.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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