Short Interest in Kaixin Holdings (NASDAQ:KXIN) Drops By 35.9%

Kaixin Holdings (NASDAQ:KXIN – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 43,761 shares, a decrease of 35.9% from the May 14th total of 68,227 shares. Approximately 364.7% of the shares of the stock are sold short. Based on an average daily volume of 214,852 shares, the short-interest ratio is currently 0.2 days.

Kaixin Price Performance

NASDAQ:KXIN opened at $4.85 on Thursday. Kaixin has a 1-year low of $4.10 and a 1-year high of $832.50. The business’s 50-day moving average price is $5.71 and its two-hundred day moving average price is $37.12.

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Kaixin (NASDAQ:KXIN – Get Free Report) last released its earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share for the quarter. The company had revenue of $0.02 million during the quarter.

Analysts Set New Price Targets

KXIN has been the topic of several recent research reports. Wall Street Zen upgraded Kaixin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Kaixin

Kaixin Company Profile

(Get Free Report)

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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