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

Kaixin Holdings (NASDAQ:KXIN) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 79,800 shares, a drop of 33.1% from the January 15th total of 119,200 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.9% of the company’s shares are sold short.

Kaixin Price Performance

Shares of Kaixin stock traded up $0.08 during mid-day trading on Friday, hitting $1.40. 541,587 shares of the stock were exchanged, compared to its average volume of 207,986. The company has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $4.35. Kaixin has a twelve month low of $1.20 and a twelve month high of $29.54.

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.