Kaixin Holdings (NASDAQ:KXIN) Short Interest Up 38.5% in August

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 723,900 shares, a growth of 38.5% from the August 15th total of 522,800 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 4,430,000 shares, the days-to-cover ratio is currently 0.2 days.

Kaixin Stock Down 5.4 %

Shares of KXIN stock traded down $0.00 on Monday, hitting $0.07. 2,347,514 shares of the stock were exchanged, compared to its average volume of 2,983,706. The business has a 50-day moving average of $0.10 and a 200 day moving average of $0.14. Kaixin has a fifty-two week low of $0.06 and a fifty-two week high of $3.55.

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.