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

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

Kaixin Price Performance

NASDAQ:KXIN remained flat at $1.56 during mid-day trading on Monday. The company had a trading volume of 213,201 shares, compared to its average volume of 337,843. The company has a 50-day moving average of $2.15 and a 200 day moving average of $5.39. Kaixin has a 12-month low of $1.20 and a 12-month 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.