Kaixin Holdings (NASDAQ:KXIN) Sees Significant Decrease in Short Interest

Kaixin Holdings (NASDAQ:KXIN) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 47,000 shares, a decline of 72.2% from the February 28th total of 168,800 shares. Based on an average daily volume of 411,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.9% of the shares of the stock are sold short.

Kaixin Stock Up 0.9 %

Shares of KXIN traded up $0.01 during midday trading on Friday, hitting $0.96. 62,367 shares of the company traded hands, compared to its average volume of 566,572. The firm has a 50 day moving average of $1.23 and a 200-day moving average of $3.51. Kaixin has a 52 week low of $0.90 and a 52 week 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.