Chijet Motor Company, Inc. (NASDAQ:CJET) Sees Significant Growth in Short Interest

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 82,500 shares, a growth of 79.3% from the January 15th total of 46,000 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 59,400 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC acquired a new stake in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned approximately 0.54% of Chijet Motor as of its most recent filing with the Securities & Exchange Commission.

Chijet Motor Price Performance

Shares of NASDAQ CJET traded down $0.13 during mid-day trading on Thursday, reaching $1.66. The company had a trading volume of 3,247 shares, compared to its average volume of 162,099. The business has a fifty day simple moving average of $1.94. Chijet Motor has a 12-month low of $1.50 and a 12-month high of $718.56.

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.