Kaixin Holdings (NASDAQ:KXIN) Short Interest Down 96.0% in December

Kaixin Holdings (NASDAQ:KXINGet Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 22,067 shares, a decline of 96.0% from the November 30th total of 556,095 shares. Approximately 12.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,844,772 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 1,844,772 shares, the short-interest ratio is presently 0.0 days. Approximately 12.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen cut shares of Kaixin from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kaixin presently has an average rating of “Sell”.

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Kaixin Stock Up 4.2%

Kaixin stock traded up $0.19 during mid-day trading on Thursday, hitting $4.63. The company’s stock had a trading volume of 55,352 shares, compared to its average volume of 1,111,417. Kaixin has a 52-week low of $2.94 and a 52-week high of $75.00. The firm’s 50 day moving average is $16.41 and its 200 day moving average is $21.39.

About Kaixin

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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.

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