Short Interest in Kaixin Holdings (NASDAQ:KXIN) Grows By 260.7%

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

Kaixin Stock Performance

KXIN stock traded down $0.08 during trading on Tuesday, hitting $1.38. The company had a trading volume of 97,726 shares, compared to its average volume of 273,987. Kaixin has a one year low of $1.20 and a one year high of $51.00. The business has a 50-day moving average of $1.75 and a 200-day moving average of $4.89.

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.