Kaixin Holdings (NASDAQ:KXIN) Short Interest Up 5,285.2% in January

Kaixin Holdings (NASDAQ:KXIN) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,041,717 shares, an increase of 5,285.2% from the January 15th total of 19,344 shares. Based on an average trading volume of 3,377,121 shares, the short-interest ratio is presently 0.3 days. Approximately 602.1% of the shares of the company are short sold. Approximately 602.1% of the shares of the company are short sold. Based on an average trading volume of 3,377,121 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

KXIN has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Kaixin from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Kaixin has an average rating of “Sell”.

Kaixin Trading Down 12.4%

Shares of Kaixin stock traded down $0.13 during trading on Tuesday, hitting $0.92. The stock had a trading volume of 318,516 shares, compared to its average volume of 1,980,455. Kaixin has a fifty-two week low of $0.73 and a fifty-two week high of $55.50. The business has a fifty day moving average of $6.11 and a two-hundred day moving average of $16.68.

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.