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

Chijet Motor Company, Inc. (NASDAQ:CJET) saw a large growth in short interest in 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 days-to-cover ratio is presently 0.3 days. Currently, 5.2% of the shares of the company are short sold.

Chijet Motor Price Performance

Shares of NASDAQ:CJET traded up $0.01 during trading on Friday, hitting $3.61. 93,276 shares of the stock were exchanged, compared to its average volume of 244,385. The company has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $0.86. Chijet Motor has a 12-month low of $2.93 and a 12-month high of $96.00.

Chijet Motor shares are scheduled 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.