Short Interest in Kaixin Holdings (NASDAQ:KXIN) Rises By 41.7%

Kaixin Holdings (NASDAQ:KXIN) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 113,100 shares, a growth of 41.7% from the January 31st total of 79,800 shares. Currently, 7.0% of the company’s stock are sold short. Based on an average daily volume of 605,300 shares, the days-to-cover ratio is presently 0.2 days.

Kaixin Price Performance

NASDAQ:KXIN remained flat at $1.13 during mid-day trading on Wednesday. The company’s stock had a trading volume of 17,444 shares, compared to its average volume of 251,321. The business has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $3.95. Kaixin has a one year low of $1.03 and a one year high of $29.54.

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.