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

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 67,900 shares, a growth of 8.6% from the September 15th total of 62,500 shares. Based on an average trading volume of 132,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 13.4% of the shares of the company are short sold.

Chijet Motor Price Performance

NASDAQ:CJET traded up $0.13 during trading hours on Thursday, hitting $2.60. 60,925 shares of the company traded hands, compared to its average volume of 24,001. Chijet Motor has a twelve month low of $1.77 and a twelve month high of $2,691.00. The stock’s 50-day moving average price is $2.69.

Chijet Motor Company Profile

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.