Kaixin Holdings (NASDAQ:KXIN - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,120,000 shares, an increase of 54.1% from the September 30th total of 727,000 shares. Currently, 2.5% of the company's stock are short sold. Based on an average daily trading volume, of 32,450,000 shares, the days-to-cover ratio is currently 0.0 days.
Kaixin Stock Performance
NASDAQ KXIN traded down $1.02 during mid-day trading on Friday, hitting $5.37. The company's stock had a trading volume of 1,155,657 shares, compared to its average volume of 205,712. The company's 50 day simple moving average is $7.61 and its 200 day simple moving average is $7.91. Kaixin has a twelve month low of $3.82 and a twelve month high of $213.00.
About Kaixin
(
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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.
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