Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Down 43.5% in May

Chijet Motor Company, Inc. (NASDAQ:DCX) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 56,468 shares, a decrease of 43.5% from the April 30th total of 99,934 shares. Based on an average daily trading volume, of 22,974 shares, the short-interest ratio is currently 2.5 days. Approximately 28.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Chijet Motor in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Chijet Motor Price Performance

NASDAQ DCX traded up $0.01 during trading hours on Tuesday, hitting $2.62. The company’s stock had a trading volume of 14,657 shares, compared to its average volume of 478,157. Chijet Motor has a 52 week low of $1.43 and a 52 week high of $3,432.00. The company’s 50-day simple moving average is $2.10 and its two-hundred day simple moving average is $5.38.

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