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

Kaixin Holdings (NASDAQ:KXIN) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 265,031 shares, a decline of 57.4% from the February 12th total of 621,451 shares. Based on an average daily trading volume, of 519,584 shares, the short-interest ratio is currently 0.5 days. Currently, 153.2% of the shares of the stock are sold short. Currently, 153.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 519,584 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KXIN. Wall Street Zen downgraded Kaixin from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Kaixin presently has a consensus rating of “Sell”.

Kaixin Trading Down 3.8%

KXIN stock opened at $0.39 on Wednesday. Kaixin has a 12 month low of $0.30 and a 12 month high of $55.50. The firm has a 50-day moving average of $4.53 and a two-hundred day moving average of $13.23.

About Kaixin

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.