Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Drops By 11.6%

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 78,400 shares, a decline of 11.6% from the July 31st total of 88,700 shares. Based on an average daily volume of 105,500 shares, the short-interest ratio is presently 0.7 days. Currently, 15.8% of the company’s shares are short sold.

Chijet Motor Stock Performance

NASDAQ CJET traded up $0.07 on Friday, hitting $3.79. 32,700 shares of the company were exchanged, compared to its average volume of 44,318. Chijet Motor has a twelve month low of $2.39 and a twelve month high of $2,691.00.

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.