Chijet Motor Company, Inc. (NASDAQ:CJET) Short Interest Up 111.6% in July

Chijet Motor Company, Inc. (NASDAQ:CJET) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 25,600 shares, a growth of 111.6% from the June 30th total of 12,100 shares. Based on an average daily volume of 85,300 shares, the short-interest ratio is currently 0.3 days. Approximately 5.2% of the company’s shares are short sold.

Chijet Motor Stock Up 0.3 %

CJET stock traded up $0.01 during midday trading on Friday, reaching $3.61. The company had a trading volume of 93,276 shares, compared to its average volume of 244,385. Chijet Motor has a 1 year low of $2.93 and a 1 year high of $96.00. The company has a 50 day moving average of $1.66 and a two-hundred day moving average of $0.86.

Shares of Chijet Motor are set to reverse split before the market opens on Wednesday, July 31st. The 1-30 reverse split was announced on Friday, June 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 30th.

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.