Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 26,973 shares, a decline of 14.7% from the March 31st total of 31,608 shares. Approximately 224.8% of the company’s shares are short sold. Based on an average daily trading volume, of 20,781 shares, the short-interest ratio is presently 1.3 days.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on KXIN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a report on Tuesday, April 21st. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Report on Kaixin
Kaixin Trading Down 18.8%
Kaixin (NASDAQ:KXIN – Get Free Report) last issued its earnings results on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The company had revenue of $0.02 million during the quarter.
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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