Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 72.2% in March

Kaixin Holdings (NASDAQ:KXIN) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 47,000 shares, a decline of 72.2% from the February 28th total of 168,800 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 411,400 shares, the short-interest ratio is presently 0.1 days.

Kaixin Stock Performance

Shares of KXIN traded up $0.01 on Friday, reaching $0.96. 62,367 shares of the company’s stock traded hands, compared to its average volume of 566,572. Kaixin has a 52-week low of $0.90 and a 52-week high of $29.54. The stock’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $3.53.

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.