Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Down 49.4% in August

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 63,520 shares, a drop of 49.4% from the August 15th total of 125,635 shares. Based on an average daily trading volume, of 84,526 shares, the short-interest ratio is presently 0.8 days. Approximately 31.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Chijet Motor Price Performance

NASDAQ:DCX traded down $0.04 during trading hours on Wednesday, hitting $0.31. 3,924,866 shares of the company’s stock traded hands, compared to its average volume of 630,063. Chijet Motor has a 52 week low of $0.26 and a 52 week high of $609.60. The business’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $1.58.

Insider Transactions at Chijet Motor

In related news, CEO Melissa N. Chen acquired 41,000 shares of the stock in a transaction on Thursday, July 30th. The shares were acquired at an average price of $1.25 per share, with a total value of $51,250.00. Following the completion of the transaction, the chief executive officer owned 41,000 shares in the company, valued at approximately $51,250. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 22.04% of the company’s stock.

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.