Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Drops By 24.1%

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 62,600 shares, a drop of 24.1% from the January 31st total of 82,500 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 58,700 shares, the short-interest ratio is presently 1.1 days.

Chijet Motor Price Performance

NASDAQ CJET opened at $1.27 on Thursday. Chijet Motor has a 52 week low of $1.26 and a 52 week high of $718.56. The stock has a fifty day moving average of $1.81 and a 200-day moving average of $2.17.

Institutional Trading of Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC purchased a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 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.

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.