Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Expands By 13.7%

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 44,000 shares, an increase of 13.7% from the December 31st total of 38,700 shares. Currently, 8.7% of the company’s stock are short sold. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is presently 2.3 days.

Chijet Motor Price Performance

Chijet Motor stock traded down $0.07 during mid-day trading on Monday, reaching $1.68. The stock had a trading volume of 1,293 shares, compared to its average volume of 155,020. Chijet Motor has a one year low of $1.50 and a one year high of $718.56. The company’s 50-day moving average price is $2.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chijet Motor stock. Walleye Trading LLC purchased 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 institutional investor purchased 16,275 shares of the company’s stock, valued at approximately $38,000. Walleye Trading LLC owned approximately 0.30% of Chijet Motor at the end of the most recent reporting period.

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.