Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 35.9% in May

Kaixin Holdings (NASDAQ:KXINGet Free Report) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 43,761 shares, a decline of 35.9% from the May 14th total of 68,227 shares. Currently, 364.7% of the company’s stock are short sold. Based on an average daily volume of 214,852 shares, the days-to-cover ratio is currently 0.2 days.

Kaixin Stock Down 5.8%

Kaixin stock traded down $0.29 during midday trading on Tuesday, hitting $4.70. The stock had a trading volume of 65,071 shares, compared to its average volume of 154,302. Kaixin has a 12 month low of $4.10 and a 12 month high of $832.50. The business has a fifty day moving average price of $5.76 and a 200 day moving average price of $37.95.

Kaixin (NASDAQ:KXINGet Free Report) last posted its earnings results on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The company had revenue of $0.02 million for the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KXIN. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a research note on Tuesday, April 21st. Wall Street Zen upgraded Kaixin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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About Kaixin

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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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