Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 93.5% in October

Kaixin Holdings (NASDAQ:KXIN) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 73,300 shares, a decrease of 93.5% from the October 15th total of 1,120,000 shares. Currently, 8.1% of the shares of the company are sold short. Based on an average daily volume of 622,900 shares, the days-to-cover ratio is currently 0.1 days.

Kaixin Trading Down 3.9 %

Shares of NASDAQ KXIN traded down $0.12 during mid-day trading on Tuesday, hitting $2.92. The company had a trading volume of 173,244 shares, compared to its average volume of 216,515. Kaixin has a 12 month low of $2.80 and a 12 month high of $148.87. The firm’s 50 day simple moving average is $7.44 and its two-hundred day simple moving average is $7.58.

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.