Kaixin Holdings (NASDAQ:KXIN) Short Interest Update

Kaixin Holdings (NASDAQ:KXIN) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,041,717 shares, an increase of 5,285.2% from the January 15th total of 19,344 shares. Based on an average daily volume of 3,377,121 shares, the days-to-cover ratio is presently 0.3 days. Currently, 602.1% of the company’s stock are short sold. Currently, 602.1% of the company’s stock are short sold. Based on an average daily volume of 3,377,121 shares, the days-to-cover ratio is presently 0.3 days.

Kaixin Trading Down 34.4%

NASDAQ KXIN opened at $0.60 on Thursday. The firm’s 50 day moving average is $6.00 and its 200-day moving average is $16.40. Kaixin has a 12-month low of $0.49 and a 12-month high of $55.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on KXIN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a report on Thursday, January 22nd. Wall Street Zen cut shares of Kaixin from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Kaixin

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.