Short Interest in Kaixin Holdings (NASDAQ:KXIN) Rises By 260.7%

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 243,800 shares, a growth of 260.7% from the December 31st total of 67,600 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 15.1% of the shares of the company are short sold.

Kaixin Stock Down 4.8 %

KXIN traded down $0.07 during trading on Wednesday, reaching $1.38. 225,219 shares of the company’s stock were exchanged, compared to its average volume of 287,065. Kaixin has a fifty-two week low of $1.20 and a fifty-two week high of $51.00. The business has a 50 day moving average price of $1.73 and a 200 day moving average price of $4.85.

Kaixin Company Profile

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.