Kaixin Holdings (NASDAQ:KXIN – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 68,227 shares, a growth of 183.5% from the April 30th total of 24,067 shares. Based on an average daily trading volume, of 618,273 shares, the short-interest ratio is currently 0.1 days. Approximately 568.6% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
KXIN has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a report on Tuesday, April 21st. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Analysis on KXIN
Kaixin Price Performance
Kaixin (NASDAQ:KXIN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The business had revenue of $0.02 million for the quarter.
About Kaixin
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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