Short Interest in Kaixin Auto Holdings (NASDAQ:KXIN) Expands By 19.4%

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Kaixin Auto Holdings (NASDAQ:KXIN) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 77,700 shares, a growth of 19.4% from the August 31st total of 65,100 shares. Based on an average daily trading volume, of 212,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

NASDAQ KXIN traded down $0.01 during trading on Friday, hitting $0.54. 9,181 shares of the stock traded hands, compared to its average volume of 117,135. The firm has a 50-day simple moving average of $0.63 and a 200-day simple moving average of $0.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.02. Kaixin Auto has a 12-month low of $0.40 and a 12-month high of $2.09.

Kaixin Auto Company Profile

Kaixin Auto Holdings operates as a used car dealership in the People's Republic of China. As of December 31, 2018, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services The company was founded in 2015 and is based in Beijing, the People's Republic of China.

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