Short Interest in Kaixin Holdings (NASDAQ:KXIN) Increases By 67.6%

Kaixin Holdings (NASDAQ:KXIN) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 28,377 shares, a growth of 67.6% from the July 15th total of 16,931 shares. Based on an average daily trading volume, of 74,137 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.3% of the shares of the company are short sold.

Kaixin Price Performance

Shares of NASDAQ:KXIN traded up $0.31 during trading on Monday, hitting $5.41. 679,046 shares of the stock traded hands, compared to its average volume of 137,767. The company has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $10.11. Kaixin has a 52-week low of $3.90 and a 52-week high of $832.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kaixin presently has an average rating of “Sell”.

Kaixin Company Profile

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.