Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Update

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a significant growth in short interest in the month of 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. Currently, 8.7% of the shares of the stock are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 2.3 days.

Chijet Motor Stock Down 5.5 %

Chijet Motor stock traded down $0.10 during midday trading on Monday, reaching $1.64. The company’s stock had a trading volume of 783 shares, compared to its average volume of 155,024. Chijet Motor has a 52 week low of $1.50 and a 52 week high of $718.56. The firm’s 50-day moving average is $2.00.

Institutional Trading of Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Trading LLC acquired a new position in Chijet Motor Company, Inc. (NASDAQ:CJET) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.

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.