Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Rises By 13.7%

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 44,000 shares, a growth of 13.7% from the December 31st total of 38,700 shares. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 2.3 days. Approximately 8.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC purchased a new position in Chijet Motor Company, Inc. (NASDAQ:CJET) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,275 shares of the company’s stock, valued at approximately $38,000. Walleye Trading LLC owned 0.30% of Chijet Motor at the end of the most recent reporting period.

Chijet Motor Stock Down 4.9 %

CJET stock traded down $0.09 during trading on Monday, hitting $1.66. 3,279 shares of the company’s stock traded hands, compared to its average volume of 155,166. Chijet Motor has a 52 week low of $1.50 and a 52 week high of $718.56. The firm has a fifty day simple moving average of $2.00.

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.