Short Interest in Chijet Motor Company, Inc. (NASDAQ:DCX) Grows By 456.8%

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 473,126 shares, an increase of 456.8% from the June 30th total of 84,971 shares. Approximately 236.6% of the company’s stock are sold short. Based on an average daily volume of 2,638,816 shares, the short-interest ratio is presently 0.2 days.

Chijet Motor Stock Down 11.3%

Shares of DCX traded down $0.08 during mid-day trading on Friday, hitting $0.63. 16,792 shares of the company traded hands, compared to its average volume of 1,387,427. The stock has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $2.31. Chijet Motor has a 1 year low of $0.63 and a 1 year high of $3,408.00.

Chijet Motor (NASDAQ:DCX) last issued its earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share (EPS) for the quarter. The company had revenue of ($0.27) million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chijet Motor in a report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Chijet Motor presently has an average rating of “Sell”.

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.