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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 62,600 shares, a drop of 24.1% from the January 31st total of 82,500 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 58,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chijet Motor stock. Walleye Capital LLC acquired a new stake in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned 0.54% of Chijet Motor at the end of the most recent quarter.

Chijet Motor Trading Up 10.5 %

CJET stock traded up $0.14 during mid-day trading on Wednesday, reaching $1.42. The company’s stock had a trading volume of 4,032 shares, compared to its average volume of 83,920. Chijet Motor has a 12 month low of $1.26 and a 12 month high of $718.56. The business’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.18.

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.