Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 22,067 shares, a decline of 96.0% from the November 30th total of 556,095 shares. Currently, 12.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,844,772 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,844,772 shares, the days-to-cover ratio is presently 0.0 days. Currently, 12.8% of the company’s shares are short sold.
Kaixin Stock Performance
KXIN stock traded up $1.26 on Friday, hitting $6.00. 1,035,795 shares of the company were exchanged, compared to its average volume of 159,056. Kaixin has a twelve month low of $2.94 and a twelve month high of $75.00. The business’s fifty day moving average is $16.12 and its two-hundred day moving average is $21.27.
Analyst Upgrades and Downgrades
KXIN has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Kaixin from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.
Featured Stories
- Five stocks we like better than Kaixin
- BNZI Posts Record Q3 Revenue – See What’s Driving It.
- End of America update
- Do you know what Amazon is planning for January 1?
- [How To] Claim Your Pre-IPO Stake In SpaceX!
- Protect Your Bank Account with THESE 4 Simple Steps
Receive News & Ratings for Kaixin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaixin and related companies with MarketBeat.com's FREE daily email newsletter.
