Chijet Motor Company, Inc. (NASDAQ:CJET) Sees Large Decline in Short Interest

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 52,000 shares, a drop of 27.8% from the October 15th total of 72,000 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 10.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC bought a new stake in Chijet Motor Company, Inc. (NASDAQ:CJET) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,275 shares of the company’s stock, valued at approximately $38,000. Walleye Trading LLC owned 0.30% of Chijet Motor at the end of the most recent quarter.

Chijet Motor Trading Down 1.4 %

CJET stock traded down $0.03 during trading on Thursday, hitting $2.07. The stock had a trading volume of 4,758 shares, compared to its average volume of 23,321. The business’s 50-day moving average price is $2.28. Chijet Motor has a twelve month low of $1.77 and a twelve month high of $2,061.00.

About Chijet Motor

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.