Short Interest in Kaixin Holdings (NASDAQ:KXIN) Rises By 41.7%

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 113,100 shares, a growth of 41.7% from the January 31st total of 79,800 shares. Approximately 7.0% of the company’s shares are short sold. Based on an average daily volume of 605,300 shares, the days-to-cover ratio is currently 0.2 days.

Kaixin Price Performance

Shares of KXIN stock remained flat at $1.13 during mid-day trading on Wednesday. The stock had a trading volume of 17,444 shares, compared to its average volume of 251,321. Kaixin has a 1-year low of $1.03 and a 1-year high of $29.54. The company has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $3.95.

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.