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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large increase in short interest during 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. Approximately 8.7% of the company’s stock are sold short. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC acquired a new stake in Chijet Motor Company, Inc. (NASDAQ:CJET) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,275 shares of the company’s stock, valued at approximately $38,000. Walleye Trading LLC owned about 0.30% of Chijet Motor at the end of the most recent quarter.

Chijet Motor Price Performance

NASDAQ:CJET opened at $1.76 on Friday. Chijet Motor has a twelve month low of $1.65 and a twelve month high of $747.00. The business’s 50 day moving average price is $2.07.

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.