Chijet Motor Company, Inc. (NASDAQ:CJET) Sees Large Growth in Short Interest

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 44,000 shares, a growth of 13.7% from the December 15th total of 38,700 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Chijet Motor

An institutional investor recently bought a new position in Chijet Motor stock. Walleye Capital LLC bought a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned about 0.54% of Chijet Motor at the end of the most recent reporting period.

Chijet Motor Trading Up 0.9 %

CJET opened at $1.76 on Monday. The firm’s fifty day moving average is $2.07. Chijet Motor has a 52-week low of $1.65 and a 52-week high of $747.00.

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.