Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Update

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 36,800 shares, a decrease of 41.2% from the February 13th total of 62,600 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC bought a new stake in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the third quarter, according to its most recent 13F 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 0.54% of Chijet Motor at the end of the most recent quarter.

Chijet Motor Stock Up 1.7 %

Shares of Chijet Motor stock opened at $1.18 on Monday. The firm’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $2.06. Chijet Motor has a 1-year low of $1.09 and a 1-year high of $718.56.

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.