How Is The Market Feeling About Kaixin Hldgs?
Portfolio Pulse from Benzinga Insights
Kaixin Hldgs (NYSE:KXIN) has seen a 22.13% decrease in its short percent of float, now at 0.95%. This suggests a more bullish sentiment compared to its peers, which have an average short interest of 10.30%.
October 03, 2024 | 5:45 pm
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Kaixin Hldgs has experienced a significant decrease in short interest, indicating a shift towards a more bullish market sentiment. Its short interest is lower than the peer average, suggesting relative strength.
The decrease in short interest by 22.13% suggests that traders are less bearish on Kaixin Hldgs. With a short interest of 0.95%, which is significantly lower than the peer average of 10.30%, this indicates a more positive outlook for the stock. Such a decrease can lead to upward price pressure as fewer investors are betting against the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100