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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 52,000 shares, a decrease of 27.8% from the October 15th total of 72,000 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 10.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC acquired a new stake in Chijet Motor Company, Inc. (NASDAQ:CJET) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

Chijet Motor Stock Down 1.4 %

Chijet Motor stock traded down $0.03 during mid-day trading on Thursday, hitting $2.07. The company had a trading volume of 4,758 shares, compared to its average volume of 23,321. Chijet Motor has a 1 year low of $1.77 and a 1 year high of $2,061.00. The business has a fifty day moving average of $2.28.

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.