中文摘要：
高盛集团（Goldman Sachs）报告称，对小米集团（Xiaomi Corp.）的做空已成为对冲基金间的“共识性交易”。随着小米第三季度财报临近，市场情绪趋于谨慎，对冲基金和养老基金在过去两周持续抛售。高盛数据显示，小米的空头头寸在其主要客户账户中一周内上升了53%。分析指出，市场对小米电动车业务的安全问题、产能延迟以及市场接受度低表示担忧。小米股价自7月初高点以来已下跌超过25%，并因上月发生的一起致命车祸而进一步受挫。高盛分析师近期下调了小米目标价超10%，理由包括存储芯片成本上升导致的利润压力。根据彭博汇总数据，小米将于11月18日发布财报，市场预计其营收同比增长约23%。
全文（中英对照）:
Shorting Xiaomi Is Consensus Among Hedge Funds, Goldman Says
高盛称：做空小米已成为对冲基金的共识
Hedge funds are ramping up bearish bets on Xiaomi Corp. as caution rises ahead of the Chinese firm’s earnings, according to Goldman Sachs Group Inc.
据高盛集团称，随着市场对小米集团财报临近的谨慎情绪上升，对冲基金正在加大对小米的看空押注。
Short interest in Goldman’s prime book rose 53% over the past week, the bank’s sales desk wrote in a note on Wednesday.
高盛销售部门在周三的报告中指出，小米在其主要客户账户中的空头头寸在过去一周内上升了53%。
High-touch desk flows have also seen more selling over the past two weeks, led by pension and hedge funds, the note said.
报告称，在过去两周内，活跃交易账户的抛售活动也显著增加，主要来自养老基金和对冲基金。
Hedge funds’ feedback is that Xiaomi is “a consensus short/sell at least in the short term due to a lack of catalysts,” they wrote.
报告写道，对冲基金的反馈是，小米“至少在短期内被视为一致的做空目标，因为缺乏利好催化因素。”
Safety concerns, factory delays, and a lack of uptake in its electric vehicles despite recent promotions are weighing on sentiment.
安全隐患、工厂延期，以及尽管近期有促销活动但电动车销售乏力，这些因素共同压制了市场情绪。
Sentiment has sharply soured from earlier this year, when optimism in Xiaomi’s push into EV lifted shares.
市场情绪与年初相比已明显转弱，当时对小米进军电动车领域的乐观预期一度推高股价。
The stock has plunged more than 25% since a peak in early July, with a downward trajectory exacerbated by a fatal car crash last month.
自7月初触及高点以来，小米股价已下跌逾25%，而上月发生的致命车祸进一步加剧了下行趋势。
Goldman analysts recently lowered their price target on the company by more than 10%, citing factors including margin pressure from the increased price of memory chips.
高盛分析师近期将小米目标价下调超过10%，理由包括存储芯片价格上涨带来的利润率压力。
The smartphone and EV maker is set to report third-quarter earnings on Nov. 18, with revenue expected to grow 23% year-on-year, according to Bloomberg-compiled consensus.
这家智能手机与电动车制造商将于11月18日公布第三季度财报。根据彭博汇总的市场共识，预计小米营收将同比增长23%。