Chijet Motor Company, Inc. (NASDAQ:DCX) Sees Large Decrease in Short Interest

Chijet Motor Company, Inc. (NASDAQ:DCX) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 125,635 shares, a decrease of 78.4% from the July 30th total of 581,799 shares. Currently, 62.8% of the shares of the company are sold short. Based on an average trading volume of 70,288 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Ratings Changes

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

Chijet Motor Stock Down 2.1%

Chijet Motor stock opened at $0.98 on Wednesday. Chijet Motor has a fifty-two week low of $0.63 and a fifty-two week high of $2,148.00. The firm’s fifty day moving average price is $1.10 and its 200-day moving average price is $1.77.

Insiders Place Their Bets

In other news, CEO Melissa N. Chen acquired 41,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of $1.25 per share, for a total transaction of $51,250.00. Following the purchase, the chief executive officer owned 41,000 shares of the company’s stock, valued at approximately $51,250. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.04% of the company’s stock.

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.