Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Increases By 13.7%

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 44,000 shares, an increase of 13.7% from the December 31st total of 38,700 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 2.3 days. Approximately 8.7% of the company’s stock are sold short.

Chijet Motor Stock Performance

CJET stock traded down $0.09 during trading on Monday, reaching $1.66. The stock had a trading volume of 3,279 shares, compared to its average volume of 155,166. Chijet Motor has a one year low of $1.50 and a one year high of $718.56. The stock has a 50 day moving average price of $2.00.

Institutional Trading of Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC bought a new stake in shares of 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 bought 16,275 shares of the company’s stock, valued at approximately $38,000. Walleye Trading LLC owned about 0.30% of Chijet Motor as of its most recent filing with the Securities and Exchange Commission.

Chijet Motor Company Profile

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.