Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Down 24.1% in February

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

Institutional Investors Weigh In On Chijet Motor

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

Chijet Motor Stock Up 10.5 %

NASDAQ CJET traded up $0.14 on Wednesday, hitting $1.42. 4,032 shares of the company’s stock were exchanged, compared to its average volume of 83,920. Chijet Motor has a 52 week low of $1.26 and a 52 week high of $718.56. The stock has a 50-day moving average of $1.83 and a 200-day moving average of $2.18.

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.