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

Chijet Motor Company, Inc. (NASDAQ:CJET) 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:CJET) 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

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.