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

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 68,227 shares, an increase of 183.5% from the April 30th total of 24,067 shares. Based on an average daily volume of 618,273 shares, the short-interest ratio is presently 0.1 days. Approximately 568.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KXIN. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Kaixin Stock Down 2.2%

Shares of Kaixin stock traded down $0.13 during trading on Friday, reaching $5.88. 7,480 shares of the company were exchanged, compared to its average volume of 439,034. Kaixin has a twelve month low of $4.10 and a twelve month high of $832.50. The business has a 50-day moving average price of $5.76 and a 200-day moving average price of $56.28.

Kaixin (NASDAQ:KXIN) last announced its quarterly earnings data on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The company had revenue of $0.02 million for the quarter.

Kaixin Company Profile

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.