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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 82,500 shares, an increase of 79.3% from the January 15th total of 46,000 shares. Based on an average daily volume of 59,400 shares, the short-interest ratio is presently 1.4 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC acquired a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 Stock Down 7.0 %

NASDAQ CJET traded down $0.13 during trading hours on Thursday, reaching $1.66. The company’s stock had a trading volume of 3,247 shares, compared to its average volume of 162,099. The company has a 50-day moving average of $1.94. Chijet Motor has a 52 week low of $1.50 and a 52 week high of $718.56.

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.