Kaixin Holdings (NASDAQ:KXIN) Short Interest Up 54.1% in October

Kaixin Holdings (NASDAQ:KXIN) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,120,000 shares, a growth of 54.1% from the September 30th total of 727,000 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,450,000 shares, the days-to-cover ratio is presently 0.0 days.

Kaixin Stock Performance

Kaixin stock opened at $4.55 on Tuesday. The stock’s 50 day moving average price is $7.60 and its 200 day moving average price is $7.87. Kaixin has a 1-year low of $3.82 and a 1-year high of $213.00.

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.