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

Kaixin Holdings (NASDAQ:KXIN) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 422,600 shares, an increase of 142.5% from the November 15th total of 174,300 shares. Approximately 26.9% of the company’s stock are sold short. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is currently 0.3 days.

Kaixin Stock Performance

KXIN traded down $0.05 during midday trading on Friday, reaching $1.76. 128,342 shares of the company were exchanged, compared to its average volume of 478,006. Kaixin has a one year low of $1.70 and a one year high of $81.00. The company’s fifty day moving average price is $5.04 and its 200 day moving average price is $6.47.

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.