Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Up 200.2% in June

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 84,971 shares, an increase of 200.2% from the June 15th total of 28,308 shares. Currently, 42.5% of the company’s stock are short sold. Based on an average daily trading volume, of 811,976 shares, the days-to-cover ratio is presently 0.1 days.

Chijet Motor Price Performance

Chijet Motor stock remained flat at $1.04 on Monday. 209,560 shares of the company’s stock traded hands, compared to its average volume of 649,442. Chijet Motor has a 12-month low of $0.86 and a 12-month high of $3,432.00. The firm has a 50 day simple moving average of $2.04 and a two-hundred day simple moving average of $2.57.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chijet Motor in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus 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.