Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 71,412 shares, an increase of 223.6% from the December 15th total of 22,067 shares. Approximately 41.3% of the company’s shares are sold short. Based on an average daily trading volume, of 241,435 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 241,435 shares, the short-interest ratio is presently 0.3 days. Approximately 41.3% of the company’s shares are sold short.
Kaixin Price Performance
NASDAQ:KXIN traded up $0.22 during midday trading on Tuesday, hitting $8.48. 69,774 shares of the stock were exchanged, compared to its average volume of 120,424. Kaixin has a one year low of $2.94 and a one year high of $55.50. The business has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $19.45.
Wall Street Analysts Forecast Growth
KXIN has been the subject of a number of analyst reports. Wall Street Zen cut shares of 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 note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kaixin currently has an average 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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