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

Kaixin Holdings (NASDAQ:KXIN) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 243,800 shares, an increase of 260.7% from the December 15th total of 67,600 shares. Currently, 15.1% of the company’s stock are short sold. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is currently 0.2 days.

Kaixin Price Performance

Shares of KXIN remained flat at $1.56 during midday trading on Monday. The company’s stock had a trading volume of 213,201 shares, compared to its average volume of 337,843. The company’s fifty day moving average is $2.15 and its 200-day moving average is $5.39. Kaixin has a 12 month low of $1.20 and a 12 month high of $51.00.

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.