Chinese-American billionaire Duan Yongping has increased his stake in Pop Mart International to 7.65%, marking his third consecutive accumulation of the Hong Kong-listed toy maker.
The move reinforces a long-term bullish thesis on the company, even as market sentiment remains divided over the sustainability of demand for its latest product lines, including the Labubu Hair Salon series.
67% of shares outstanding, reflecting skepticism among some traders regarding the durability of the brand’s recent momentum.
The accumulation stands in stark contrast to the positioning of short sellers, who have significantly increased their bearish bets on the stock.
Short interest in Pop Mart has risen to 12.67% of shares outstanding, reflecting skepticism among some traders regarding the durability of the brand’s recent momentum.
Duan’s decision to double down suggests a divergence in outlook between long-term value investors and speculative short-term traders.
Pop Mart has seen its stock stage a recent recovery, but the high level of short interest indicates that bears remain active.