Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 72.2% in March

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 47,000 shares, a drop of 72.2% from the February 28th total of 168,800 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average trading volume of 411,400 shares, the days-to-cover ratio is presently 0.1 days.

Kaixin Stock Up 0.9 %

Shares of KXIN traded up $0.01 during mid-day trading on Friday, hitting $0.96. 62,367 shares of the company traded hands, compared to its average volume of 566,572. The stock has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $3.51. Kaixin has a 1 year low of $0.90 and a 1 year high of $29.54.

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.