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Kaixin Auto Holdings (KXIN) sees a large increase in Short Interest

Kaixin Auto Holdings (NASDAQ:KXIN – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,340,000 shares, an increase of 52.6% from the April 30th total of 878,400 shares. Based on an average trading volume...

Think so. And there is more about Kaixin here. And here Chinese Used Car Dealer Kaixin Auto Is Accused of Being a Sham too.

Makes no sense at all KXIN Yahoo Finance

I've been wondering for months how and why this stock is still moving at all. Everything seems to be fake. Or not? The CEO of Kaixin Auto Holdings, Mingjun Lin, should explain the following to the shareholders: Why are there always reports of success without showing this success on the balance...