Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Up 30.9% in April

Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 67,400 shares, a growth of 30.9% from the April 15th total of 51,500 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 126,000 shares, the days-to-cover ratio is presently 0.5 days.

Chijet Motor Stock Performance

Shares of Chijet Motor stock traded up $0.02 during midday trading on Wednesday, reaching $0.34. The company had a trading volume of 17,877 shares, compared to its average volume of 105,657. The stock has a fifty day simple moving average of $0.38 and a 200 day simple moving average of $0.79. Chijet Motor has a 1-year low of $0.24 and a 1-year high of $8.36.

Hedge Funds Weigh In On Chijet Motor

A number of large investors have recently modified their holdings of the business. Walleye Trading LLC grew its position in shares of Chijet Motor by 772.1% in the third quarter. Walleye Trading LLC now owns 500,134 shares of the company’s stock valued at $835,000 after purchasing an additional 442,784 shares during the last quarter. Walleye Capital LLC increased its position in Chijet Motor by 772.1% during the 3rd quarter. Walleye Capital LLC now owns 889,127 shares of the company’s stock worth $1,485,000 after buying an additional 787,172 shares during the period. Finally, Bluefin Capital Management LLC lifted its holdings in shares of Chijet Motor by 64.3% during the third quarter. Bluefin Capital Management LLC now owns 570,083 shares of the company’s stock worth $952,000 after buying an additional 223,166 shares in the last quarter.

About Chijet Motor

(Get Free Report)

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.

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