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 during 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. Based on an average daily volume of 58,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Trading of Chijet Motor

A hedge fund recently raised its stake in Chijet Motor stock. Walleye Trading LLC boosted its position in Chijet Motor Company, Inc. (NASDAQ:CJET) by 43.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,315 shares of the company’s stock after acquiring an additional 7,040 shares during the period. Walleye Trading LLC owned about 0.44% of Chijet Motor worth $54,000 at the end of the most recent reporting period.

Chijet Motor Trading Up 1.7 %

Shares of Chijet Motor stock traded up $0.02 during trading on Friday, hitting $1.18. 3,174 shares of the company were exchanged, compared to its average volume of 72,349. Chijet Motor has a fifty-two week low of $1.09 and a fifty-two week high of $718.56. The firm has a 50 day moving average price of $1.66 and a 200 day moving average price of $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.