Cerebras Stock Declines 35.8% in Two Weeks Since IPO, Largest CBRS Short Profiting $1.26M

CBRS-5.18%
According to BlockBeats, on May 27, Cerebras (CBRS) shares have declined approximately 35.8% from their peak two weeks after the IPO, according to monitoring by Coinbob. On Hyperliquid, CBRS futures contracts are trading at $246.2, down 3.3% in the past 24 hours, with 24-hour volume at $34.78M and open interest at $39.9M. The platform's largest CBRS short, established 11 days ago with 3x leverage on 29,815 contracts at an average entry price of $288.2, has accumulated an unrealized profit of $1.26M (+31%).
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