On September 23, MEITU fell 5.03% in regular trading, trading at HK$3.87/share, with turnover of approximately HK$71.76 million.

On the news front, JPMorgan lent out 2.1064 million MEITU shares via a securities lending agreement on September 17, reducing its long position from 234 million shares to 231 million shares, with its stake dropping from 5.1% to 5.03%. The stock has now retreated approximately 25% from its early-September high of HK$5.06.

The decline follows a turbulent period for the stock. In mid-September, online rumors alleging founder and CEO Wu Zeyuan had sold or intended to sell his holdings triggered sharp selling pressure. The company issued an urgent clarification on September 15, confirming Wu had never sold any shares. Wu simultaneously purchased 1 million shares at an average price of HK$3.899, raising his stake to 12.99%. The company also repurchased 5.1 million shares on the same day for approximately HK$19.87 million. Despite these supportive measures, selling pressure has persisted. Multiple brokerages including Goldman Sachs and Huatai Securities have maintained buy ratings on MEITU, citing its strong H1 performance with adjusted net profit of RMB 650 million, up 39.5% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)