Kaixin Holdings (NASDAQ:KXIN – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 28,377 shares, a growth of 67.6% from the July 15th total of 16,931 shares. Based on an average daily volume of 74,137 shares, the short-interest ratio is presently 0.4 days. Currently, 2.3% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Report on KXIN
Kaixin Price Performance
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.
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