Kaixin Holdings (NASDAQ:KXIN – Get Free Report) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 26,782 shares, a decrease of 89.9% from the February 26th total of 265,031 shares. Based on an average trading volume of 32,331 shares, the days-to-cover ratio is currently 0.8 days. Currently, 223.2% of the shares of the stock are short sold. Currently, 223.2% of the shares of the stock are short sold. Based on an average trading volume of 32,331 shares, the days-to-cover ratio is currently 0.8 days.
Kaixin Stock Performance
Shares of NASDAQ KXIN traded up $0.20 during mid-day trading on Tuesday, reaching $5.80. The company had a trading volume of 21,234 shares, compared to its average volume of 32,534. The company has a 50-day moving average price of $48.01 and a two-hundred day moving average price of $177.60. Kaixin has a 1-year low of $4.10 and a 1-year high of $832.50.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on KXIN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Kaixin from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kaixin 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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