Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Down 22.3% in March

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 24,800 shares, a decrease of 22.3% from the March 15th total of 31,900 shares. Based on an average daily volume of 122,500 shares, the short-interest ratio is currently 0.2 days. Currently, 1.2% of the shares of the stock are sold short.

Chijet Motor Trading Down 1.3 %

CJET stock traded down $0.02 during trading on Friday, hitting $1.86. The stock had a trading volume of 5,883 shares, compared to its average volume of 80,113. The company’s 50-day moving average price is $1.63 and its two-hundred day moving average price is $1.88. Chijet Motor has a twelve month low of $1.09 and a twelve month high of $23.95.

Institutional Trading of Chijet Motor

A hedge fund recently raised its stake in Chijet Motor stock. Walleye Trading LLC grew its holdings in Chijet Motor Company, Inc. (NASDAQ:CJET) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,315 shares of the company’s stock after buying an additional 7,040 shares during the period. Walleye Trading LLC owned 0.44% of Chijet Motor worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

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.