Chijet Motor Company, Inc. (NASDAQ:CJET) Sees Large Drop in Short Interest

Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 36,800 shares, a decline of 41.2% from the February 13th total of 62,600 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Chijet Motor

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

Chijet Motor Stock Up 1.7 %

CJET stock traded up $0.02 during midday trading on Friday, hitting $1.18. The stock had a trading volume of 3,174 shares, compared to its average volume of 72,349. Chijet Motor has a 12-month low of $1.09 and a 12-month high of $718.56. The company’s 50-day moving average price is $1.66 and its 200 day moving average price is $2.07.

About Chijet Motor

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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.

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