Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 621,451 shares, a decline of 40.3% from the January 29th total of 1,041,717 shares. Currently, 359.2% of the shares of the stock are sold short. Based on an average trading volume of 3,381,762 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 3,381,762 shares, the days-to-cover ratio is currently 0.2 days. Currently, 359.2% of the shares of the stock are sold short.
Kaixin Stock Down 14.7%
NASDAQ KXIN traded down $0.08 during trading hours on Monday, reaching $0.49. 743,845 shares of the company’s stock were exchanged, compared to its average volume of 2,011,370. Kaixin has a one year low of $0.47 and a one year high of $55.50. The firm has a fifty day moving average of $5.08 and a 200-day moving average of $14.13.
Wall Street Analyst Weigh In
A number of research firms have weighed in on KXIN. Wall Street Zen downgraded Kaixin from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Kaixin presently 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.
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