Kaixin Holdings (NASDAQ:KXIN) Sees Significant Increase in Short Interest

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

Kaixin Stock Up 2.9 %

Shares of NASDAQ:KXIN traded up $0.04 during midday trading on Thursday, reaching $1.41. 82,336 shares of the company’s stock were exchanged, compared to its average volume of 282,332. The firm’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $4.82. Kaixin has a fifty-two week low of $1.20 and a fifty-two week high of $51.00.

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.