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

Kaixin Holdings (NASDAQ:KXIN) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 67,600 shares, a drop of 84.0% from the November 30th total of 422,600 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is currently 0.0 days.

Kaixin Stock Performance

Shares of NASDAQ KXIN traded down $0.06 during mid-day trading on Friday, reaching $1.51. 647,758 shares of the company were exchanged, compared to its average volume of 496,393. The company’s 50-day simple moving average is $3.02 and its 200-day simple moving average is $5.93. Kaixin has a twelve month low of $1.40 and a twelve month high of $56.40.

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.