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

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

Kaixin Stock Up 1.3 %

KXIN stock traded up $0.02 on Wednesday, hitting $1.54. 192,074 shares of the company’s stock traded hands, compared to its average volume of 314,534. Kaixin has a 1-year low of $1.20 and a 1-year high of $51.00. The stock has a fifty day moving average of $2.05 and a 200-day moving average of $5.29.

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.