Short Interest in Chijet Motor Company, Inc. (NASDAQ:DCX) Rises By 200.2%

Chijet Motor Company, Inc. (NASDAQ:DCX) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 84,971 shares, an increase of 200.2% from the June 15th total of 28,308 shares. Based on an average daily volume of 811,976 shares, the short-interest ratio is currently 0.1 days. Approximately 42.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Chijet Motor Price Performance

Shares of NASDAQ DCX traded down $0.04 during trading on Wednesday, reaching $0.92. The stock had a trading volume of 25,658 shares, compared to its average volume of 640,748. Chijet Motor has a one year low of $0.86 and a one year high of $3,432.00. The firm’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $2.51.

Chijet Motor (NASDAQ:DCX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share (EPS) for the quarter. The firm had revenue of ($0.27) million for the quarter.

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.