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International Business Times
International Business Times
Business

SK Hynix's Stock Has Been Plummeting. Short Sellers Are Piling Up

SK Hynix X Elon Musk South Korea SpaceX
SK Hynix's stock has plummeted over the past days. (Credit: Getty Images)

The ADRs of South Korean chipmaker SK Hynix have been falling over the past weeks amid a broader rout in the sector.

In this context, short sellers have been piling up bets against the company. More than 10% of the company's shares that are available for trading are being sold short, data from S3 Partners and reported by CNBC shows.

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