Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 26,973 shares, a drop of 14.7% from the March 31st total of 31,608 shares. Approximately 224.8% of the shares of the company are sold short. Based on an average trading volume of 20,781 shares, the short-interest ratio is presently 1.3 days.
Kaixin Stock Performance
Shares of KXIN traded down $1.05 during mid-day trading on Friday, reaching $4.53. 11,801 shares of the company’s stock were exchanged, compared to its average volume of 72,744. The business’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $118.61. Kaixin has a 52-week low of $4.10 and a 52-week high of $832.50.
Kaixin (NASDAQ:KXIN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share for the quarter. The company had revenue of $0.02 million for the quarter.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on KXIN
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.
Further Reading
Receive News & Ratings for Kaixin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaixin and related companies with MarketBeat.com's FREE daily email newsletter.
