Chijet Motor Company, Inc. (NASDAQ:DCX) Shares Shorted: Short Interest Down 51.7% in October

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 63,500 shares, a decline of 51.7% from the September 30th total of 131,514 shares. Approximately 529.2% of the shares of the stock are short sold. Based on an average daily volume of 1,302,906 shares, the days-to-cover ratio is presently 0.0 days.

Chijet Motor Stock Down 0.8%

DCX traded down $0.01 during trading on Friday, hitting $1.18. 48,062 shares of the stock traded hands, compared to its average volume of 808,263. Chijet Motor has a twelve month low of $1.10 and a twelve month high of $11,020.80. The business has a 50 day moving average price of $42.81 and a 200 day moving average price of $254.38.

Chijet Motor (NASDAQ:DCX) last released its earnings results on Friday, September 18th. The company reported $266.40 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Chijet Motor from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Chijet Motor currently has a consensus rating of “Sell”.

Chijet Motor Company Profile

Chijet Motor Company, Inc (NASDAQ:DCX) is an automotive company focused on the development, manufacture and sale of new-energy vehicles and conventional automobiles. Its business activities include vehicle research and development, production, sales and related mobility services.

The company has described its product focus as including passenger vehicles, commercial vehicles and electric vehicles, with an emphasis on combining electrification, intelligent vehicle technologies and transportation services.