Short Interest in Kaixin Holdings (NASDAQ:KXIN) Expands By 260.7%

Kaixin Holdings (NASDAQ:KXIN) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 243,800 shares, a growth of 260.7% from the December 31st total of 67,600 shares. Based on an average trading volume of 1,490,000 shares, the short-interest ratio is currently 0.2 days. Currently, 15.1% of the shares of the stock are short sold.

Kaixin Stock Performance

NASDAQ:KXIN traded down $0.08 during mid-day trading on Tuesday, reaching $1.38. The stock had a trading volume of 97,726 shares, compared to its average volume of 273,987. The stock has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $4.89. Kaixin has a 12 month low of $1.20 and a 12 month high of $51.00.

About Kaixin

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.