Kaixin Auto Holdings (NASDAQ:KXIN) Sees Significant Decrease in Short Interest

Kaixin Auto Holdings (NASDAQ:KXIN – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 85,600 shares, a decrease of 14.5% from the April 15th total of 100,100 shares. Based on an average daily trading volume, of 225,500 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Kaixin Auto

A hedge fund recently bought a new stake in Kaixin Auto stock. Renaissance Technologies LLC acquired a new position in shares of Kaixin Auto Holdings (NASDAQ:KXIN – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 68,600 shares of the company’s stock, valued at approximately $37,000. 0.23% of the stock is owned by hedge funds and other institutional investors.

Kaixin Auto Stock Performance

Shares of KXIN opened at $0.31 on Tuesday. Kaixin Auto has a 52 week low of $0.28 and a 52 week high of $1.29. The stock’s 50-day moving average price is $0.37 and its 200-day moving average price is $0.42.

Kaixin Auto Company Profile

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Kaixin Auto Holdings operates as a holding company, which engages in the sale of automobiles through its subsidiaries. It also offers third-party auto financing and other value-added services. The company was founded in 2015 and is headquartered in Beijing, China.