Short Interest in Chijet Motor Company, Inc. (NASDAQ:CJET) Drops By 41.2%

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 36,800 shares, a decline of 41.2% from the February 13th total of 62,600 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chijet Motor stock. Walleye Capital LLC bought a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned about 0.54% of Chijet Motor at the end of the most recent reporting period.

Chijet Motor Price Performance

Chijet Motor stock opened at $1.18 on Friday. Chijet Motor has a fifty-two week low of $1.09 and a fifty-two week high of $718.56. The firm has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $2.08.

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.