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

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant growth in short interest in 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. Based on an average daily volume of 4,430,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.6% of the company’s stock are sold short.

Kaixin Stock Down 4.7 %

Shares of Kaixin stock traded down $0.00 during trading on Monday, hitting $0.07. 2,615,958 shares of the stock traded hands, compared to its average volume of 2,985,214. The company has a fifty day moving average price of $0.10 and a two-hundred day moving average price of $0.14. Kaixin has a twelve month low of $0.06 and a twelve month 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.