Short Interest in Kaixin Holdings (NASDAQ:KXIN) Declines By 72.2%

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 47,000 shares, a decline of 72.2% from the February 28th total of 168,800 shares. Based on an average trading volume of 411,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.9% of the company’s shares are short sold.

Kaixin Stock Performance

NASDAQ KXIN traded up $0.01 on Friday, reaching $0.96. The company had a trading volume of 62,367 shares, compared to its average volume of 566,572. Kaixin has a fifty-two week low of $0.90 and a fifty-two week high of $29.54. The business has a 50 day moving average of $1.24 and a two-hundred day moving average of $3.53.

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.