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

Chijet Motor Company, Inc. (NASDAQ:CJET) saw 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 daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Chijet Motor

An institutional investor recently bought a new position in Chijet Motor stock. Walleye Capital LLC purchased a new stake in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned about 0.54% of Chijet Motor at the end of the most recent reporting period.

Chijet Motor Price Performance

NASDAQ CJET opened at $1.76 on Friday. The firm has a 50 day moving average of $2.07. Chijet Motor has a 12 month low of $1.65 and a 12 month high of $747.00.

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.