Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Up 456.8% in July

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 473,126 shares, an increase of 456.8% from the June 30th total of 84,971 shares. Based on an average daily volume of 2,638,816 shares, the short-interest ratio is currently 0.2 days. Approximately 236.6% of the shares of the company are sold short.

Chijet Motor Price Performance

NASDAQ:DCX opened at $0.63 on Monday. The business has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $2.29. Chijet Motor has a 1 year low of $0.63 and a 1 year high of $3,408.00.

Chijet Motor (NASDAQ:DCX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share for the quarter. The firm had revenue of ($0.27) million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chijet Motor in a research report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.