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

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

Institutional Trading of Chijet Motor

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

Chijet Motor Price Performance

Shares of CJET opened at $1.35 on Tuesday. The stock’s fifty day moving average is $1.85 and its 200-day moving average is $2.19. Chijet Motor has a one year low of $1.26 and a one year high of $718.56.

Chijet Motor Company Profile

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.