Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Declines By 9.3%

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 45,600 shares, a decrease of 9.3% from the November 15th total of 50,300 shares. Approximately 9.0% of the company’s stock are short sold. Based on an average daily volume of 61,300 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC purchased a new stake in Chijet Motor Company, Inc. (NASDAQ:CJET) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned approximately 0.54% of Chijet Motor as of its most recent filing with the Securities and Exchange Commission.

Chijet Motor Stock Performance

NASDAQ:CJET traded down $0.12 on Friday, hitting $1.90. The stock had a trading volume of 9,072 shares, compared to its average volume of 22,301. Chijet Motor has a 52 week low of $1.77 and a 52 week high of $1,080.00. The company’s fifty day moving average price is $2.09.

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.