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

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KXIN shares. Wall Street Zen cut shares of Kaixin from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings reissued 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, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Kaixin Price Performance

KXIN stock opened at $0.92 on Wednesday. The company’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $16.51. Kaixin has a 12 month low of $0.73 and a 12 month high of $55.50.

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.