Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Update

Chijet Motor Company, Inc. (NASDAQ:CJET) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 904,300 shares, a growth of 149.9% from the May 31st total of 361,800 shares. Based on an average daily trading volume, of 599,100 shares, the short-interest ratio is presently 1.5 days. Currently, 6.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Chijet Motor

Several institutional investors have recently bought and sold shares of CJET. Walleye Trading LLC lifted its position in shares of Chijet Motor by 772.1% during the third quarter. Walleye Trading LLC now owns 500,134 shares of the company’s stock worth $835,000 after acquiring an additional 442,784 shares in the last quarter. Bluefin Capital Management LLC increased its holdings in shares of Chijet Motor by 64.3% in the third quarter. Bluefin Capital Management LLC now owns 570,083 shares of the company’s stock worth $952,000 after purchasing an additional 223,166 shares during the period. Finally, Walleye Capital LLC increased its holdings in shares of Chijet Motor by 772.1% in the third quarter. Walleye Capital LLC now owns 889,127 shares of the company’s stock worth $1,485,000 after purchasing an additional 787,172 shares during the period.

Chijet Motor Stock Performance

Shares of NASDAQ CJET opened at $0.38 on Friday. Chijet Motor has a twelve month low of $0.20 and a twelve month high of $5.18. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.48.

Shares of Chijet Motor are scheduled to reverse split before the market opens on Wednesday, July 31st. The 1-30 reverse split was announced on Friday, June 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 30th.

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.