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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 45,600 shares, a decline of 9.3% from the November 15th total of 50,300 shares. Based on an average trading volume of 61,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 9.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC acquired a new position in 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 0.54% of Chijet Motor at the end of the most recent reporting period.

Chijet Motor Stock Down 6.1 %

Shares of Chijet Motor stock traded down $0.12 during trading on Friday, hitting $1.90. The company’s stock had a trading volume of 9,072 shares, compared to its average volume of 22,301. Chijet Motor has a 52 week low of $1.77 and a 52 week high of $1,080.00. The firm’s 50-day moving average is $2.09.

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.