Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Down 36.2% in March

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 58,400 shares, a decline of 36.2% from the March 15th total of 91,600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 138,000 shares, the days-to-cover ratio is presently 0.4 days.

Chijet Motor Stock Down 6.2 %

Shares of NASDAQ:CJET traded down $0.02 on Friday, hitting $0.35. The company had a trading volume of 29,617 shares, compared to its average volume of 289,296. Chijet Motor has a 52-week low of $0.31 and a 52-week high of $8.36. The business has a 50 day moving average of $0.41 and a 200 day moving average of $1.08.

Institutional Trading of Chijet Motor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC purchased a new stake in shares of Chijet Motor in the second quarter valued at $45,000. Walleye Trading LLC purchased a new stake in shares of Chijet Motor in the second quarter valued at $154,000. Walleye Capital LLC purchased a new stake in shares of Chijet Motor in the second quarter valued at $273,000. Finally, Bluefin Capital Management LLC lifted its position 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 valued at $952,000 after acquiring an additional 223,166 shares in the last quarter.

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.