Chijet Motor Company, Inc. (NASDAQ:CJET – Get Free Report) 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 – Free Report) 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.
Read More
- Five stocks we like better than Chijet Motor
- Investing in the High PE Growth Stocks
- Maximize Your Dividends With These 3 High-Yield ETFs
- ETF Screener: Uses and Step-by-Step Guide
- 3 Undervalued Stocks Poised for a Strong Comeback
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Meta Platforms: Can LLaMA Drive Long-Term Stock Growth?
Receive News & Ratings for Chijet Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chijet Motor and related companies with MarketBeat.com's FREE daily email newsletter.