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

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

Kaixin Trading Up 1.3 %

NASDAQ:KXIN traded up $0.02 on Wednesday, hitting $1.54. 192,074 shares of the company’s stock traded hands, compared to its average volume of 314,534. The firm has a 50-day moving average price of $2.05 and a 200-day moving average price of $5.29. Kaixin has a 1 year low of $1.20 and a 1 year 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.