Kaixin Holdings (NASDAQ:KXIN) Sees Large Growth in Short Interest

Kaixin Holdings (NASDAQ:KXIN) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 168,800 shares, an increase of 49.2% from the February 13th total of 113,100 shares. Based on an average daily volume of 443,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 10.4% of the shares of the company are sold short.

Kaixin Stock Performance

KXIN traded up $0.02 on Monday, reaching $1.05. The company had a trading volume of 56,292 shares, compared to its average volume of 564,016. Kaixin has a one year low of $0.95 and a one year high of $29.54. The company has a fifty day moving average of $1.34 and a 200-day moving average of $3.73.

About Kaixin

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.