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

Kaixin Holdings (NASDAQ:KXIN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 28,377 shares, an increase of 67.6% from the July 15th total of 16,931 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 74,137 shares, the short-interest ratio is presently 0.4 days.

Kaixin Stock Performance

KXIN stock traded up $0.04 during midday trading on Tuesday, reaching $5.45. The company had a trading volume of 372,536 shares, compared to its average volume of 139,286. The stock has a 50 day moving average price of $4.93 and a 200 day moving average price of $8.75. Kaixin has a fifty-two week low of $3.90 and a fifty-two week high of $832.50.

Analyst Ratings Changes

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

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.