Chijet Motor Company, Inc. (NASDAQ:DCX) Shares Shorted: Short Interest Down 51.7% in October

Chijet Motor Company, Inc. (NASDAQ:DCX) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 63,500 shares, a decline of 51.7% from the September 30th total of 131,514 shares. Based on an average daily volume of 1,302,906 shares, the days-to-cover ratio is currently 0.0 days. Currently, 529.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Chijet Motor from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Chijet Motor Stock Down 0.8%

Shares of NASDAQ DCX traded down $0.01 during mid-day trading on Friday, hitting $1.18. The stock had a trading volume of 48,062 shares, compared to its average volume of 111,253. The business has a 50 day moving average price of $45.89 and a two-hundred day moving average price of $258.51. Chijet Motor has a 1 year low of $1.10 and a 1 year high of $11,020.80.

Chijet Motor (NASDAQ:DCX) last released its earnings results on Friday, September 18th. The company reported $266.40 earnings per share for the quarter.

About Chijet Motor

Chijet Motor Company, Inc (NASDAQ:DCX) is an automotive company focused on the development, manufacture and sale of new-energy vehicles and conventional automobiles. Its business activities include vehicle research and development, production, sales and related mobility services.

The company has described its product focus as including passenger vehicles, commercial vehicles and electric vehicles, with an emphasis on combining electrification, intelligent vehicle technologies and transportation services.