Kaixin Holdings (NASDAQ:KXIN) Short Interest Update

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 50,208 shares, an increase of 76.9% from the July 30th total of 28,377 shares. Based on an average trading volume of 151,841 shares, the short-interest ratio is presently 0.3 days. Currently, 4.0% of the company’s shares are short sold.

Kaixin Stock Performance

NASDAQ:KXIN traded down $0.10 during mid-day trading on Tuesday, hitting $1.39. 177,205 shares of the stock traded hands, compared to its average volume of 251,744. Kaixin has a 52 week low of $0.54 and a 52 week high of $832.50. The firm’s 50 day moving average is $4.81 and its two-hundred day moving average is $5.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.