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

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

Chijet Motor Stock Performance

Shares of NASDAQ CJET traded up $0.02 during trading hours on Friday, reaching $1.76. The stock had a trading volume of 537,073 shares, compared to its average volume of 16,327. The company has a fifty day moving average price of $2.07. Chijet Motor has a 52-week low of $1.65 and a 52-week high of $747.00.

Hedge Funds Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC bought a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned approximately 0.54% of Chijet Motor at the end of the most recent reporting period.

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.