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

Kaixin Holdings (NASDAQ:KXIN) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 285,900 shares, a growth of 184.5% from the August 31st total of 100,500 shares. Based on an average trading volume of 249,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.2% of the shares of the company are short sold. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 249,100 shares, the days-to-cover ratio is currently 1.1 days.

Kaixin Stock Performance

Kaixin stock opened at $0.70 on Friday. The business has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $0.87. Kaixin has a 12 month low of $0.57 and a 12 month high of $29.54.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Kaixin Company Profile

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.