Short Interest in Kaixin Holdings (NASDAQ:KXIN) Decreases By 40.3%

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 621,451 shares, a decrease of 40.3% from the January 29th total of 1,041,717 shares. Approximately 359.2% of the company’s shares are sold short. Based on an average daily volume of 3,381,762 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,381,762 shares, the short-interest ratio is currently 0.2 days. Approximately 359.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Thursday, January 22nd. Wall Street Zen lowered Kaixin from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kaixin Stock Down 6.5%

Shares of NASDAQ:KXIN traded down $0.04 during midday trading on Friday, reaching $0.57. The company’s stock had a trading volume of 189,162 shares, compared to its average volume of 2,525,890. Kaixin has a fifty-two week low of $0.49 and a fifty-two week high of $55.50. The firm has a 50 day moving average price of $5.15 and a two-hundred day moving average price of $14.32.

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.