Kaixin Holdings (NASDAQ:KXIN) Short Interest Update

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 50,208 shares, an increase of 76.9% from the July 30th total of 28,377 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 151,841 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Kaixin Price Performance

NASDAQ KXIN opened at $1.43 on Monday. Kaixin has a 52-week low of $0.54 and a 52-week high of $832.50. The business’s 50-day moving average price is $4.87 and its 200 day moving average price is $5.77.

About Kaixin

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.