Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 35.9% in May

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 43,761 shares, a decrease of 35.9% from the May 14th total of 68,227 shares. Based on an average trading volume of 214,852 shares, the days-to-cover ratio is presently 0.2 days. Currently, 364.7% of the company’s stock are sold short.

Kaixin Price Performance

KXIN traded down $0.29 during trading on Tuesday, reaching $4.70. 65,071 shares of the company’s stock were exchanged, compared to its average volume of 154,302. The company’s fifty day moving average price is $5.76 and its 200-day moving average price is $37.95. Kaixin has a fifty-two week low of $4.10 and a fifty-two week high of $832.50.

Kaixin (NASDAQ:KXIN) last released its earnings results on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The business had revenue of $0.02 million for the quarter.

Analyst Ratings Changes

KXIN has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a report on Tuesday, April 21st. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kaixin presently has a consensus rating of “Sell”.

Kaixin Company Profile

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.