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

Kaixin Holdings (NASDAQ:KXINGet Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 19,344 shares, a decrease of 72.9% from the December 31st total of 71,412 shares. Currently, 11.2% of the company’s shares are sold short. Based on an average daily trading volume, of 127,339 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 127,339 shares, the short-interest ratio is currently 0.2 days. Currently, 11.2% of the company’s shares are sold short.

Kaixin Price Performance

KXIN traded up $0.43 during trading on Wednesday, hitting $13.70. The company’s stock had a trading volume of 9,720,919 shares, compared to its average volume of 776,064. Kaixin has a twelve month low of $2.94 and a twelve month high of $55.50. The stock’s fifty day moving average price is $6.45 and its 200-day moving average price is $18.13.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen lowered Kaixin from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Kaixin

Kaixin Company Profile

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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.

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