Short Interest in Kaixin Holdings (NASDAQ:KXIN) Grows By 38.5%

Kaixin Holdings (NASDAQ:KXIN) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 723,900 shares, an increase of 38.5% from the August 15th total of 522,800 shares. Based on an average daily volume of 4,430,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.6% of the company’s shares are sold short.

Kaixin Price Performance

KXIN traded down $0.00 during midday trading on Monday, reaching $0.07. 2,347,514 shares of the company were exchanged, compared to its average volume of 2,983,706. The stock’s 50-day simple moving average is $0.10 and its 200 day simple moving average is $0.14. Kaixin has a one year low of $0.06 and a one year high of $3.55.

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.