Short Interest in Kaixin Holdings (NASDAQ:KXIN) Expands By 17.6%

Kaixin Holdings (NASDAQ:KXIN) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 868,500 shares, an increase of 17.6% from the July 15th total of 738,400 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 4,780,000 shares, the short-interest ratio is currently 0.2 days.

Kaixin Price Performance

Kaixin stock remained flat at $0.09 during mid-day trading on Friday. The company’s stock had a trading volume of 1,207,379 shares, compared to its average volume of 2,589,116. The company has a fifty day moving average of $0.12 and a 200 day moving average of $0.17. Kaixin has a fifty-two week low of $0.08 and a fifty-two week high of $5.52.

About Kaixin

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.