Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Declines By 24.1%

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 62,600 shares, a decline of 24.1% from the January 31st total of 82,500 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are sold short.

Chijet Motor Price Performance

NASDAQ:CJET opened at $1.27 on Thursday. Chijet Motor has a 1-year low of $1.26 and a 1-year high of $718.56. The business’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $2.17.

Institutional Trading of Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC acquired a new stake in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) in the third quarter, according to the company in its most recent 13F 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 as of its most recent filing with the Securities & 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.