KOSDAQ-listed ECOPRO BM is experiencing a drop of over 5% early in the session on the 31st. The stock price fell below 100,000 won during the trading session, hitting a 52-week low.
As of 9:33 a.m. on the 31st, ECOPRO BM shares are trading at 97,800 won, down 5.51% (5,700 won) compared to the previous trading day on the KOSDAQ market. This marks the first time ECOPRO BM shares have fallen below 100,000 won since Jan. 20, 2023, approximately 26 months ago.
This is interpreted as the stock price being affected by the full resumption of short selling on this day. The full resumption of short selling for all listed stocks on the domestic market is the first in five years. According to the Korea Financial Investment Association, the borrowing balance of ECOPRO BM reached 1.534 trillion won during the past week (March 21-28). This is the highest borrowing balance in the KOSDAQ market.
The borrowing balance refers to the stock quantity that investors have borrowed and are holding without returning. Although an increase in the borrowing balance does not immediately lead to short selling, it can be interpreted that the likelihood of short selling increases as the borrowing transaction balance for specific corporations' stocks rises, since the process of borrowing stocks is essential for short selling.