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

Kaixin Holdings (NASDAQ:KXIN) was the target of a large growth in short interest in 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 currently 0.2 days. Currently, 15.1% of the company’s stock are short sold.

Kaixin Price Performance

Shares of NASDAQ:KXIN traded up $0.04 during trading on Thursday, hitting $1.41. The company’s stock had a trading volume of 82,336 shares, compared to its average volume of 282,332. Kaixin has a 12 month low of $1.20 and a 12 month high of $51.00. The company has a 50-day moving average of $1.70 and a 200-day moving average of $4.82.

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.