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

Kaixin Holdings (NASDAQ:KXIN) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 522,800 shares, a decline of 39.8% from the July 31st total of 868,500 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 3,810,000 shares, the days-to-cover ratio is currently 0.1 days.

Kaixin Stock Performance

Shares of KXIN opened at $0.08 on Thursday. The company has a 50-day simple moving average of $0.11 and a two-hundred day simple moving average of $0.16. Kaixin has a one year low of $0.07 and a one year high of $5.52.

Kaixin Company Profile

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.