Short Interest in Chijet Motor Company, Inc. (NASDAQ:DCX) Declines By 78.4%

by · The Markets Daily

Chijet Motor Company, Inc. (NASDAQ:DCX – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 125,635 shares, a decrease of 78.4% from the July 30th total of 581,799 shares. Based on an average daily trading volume, of 70,288 shares, the days-to-cover ratio is presently 1.8 days. Approximately 62.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Chijet Motor

Chijet Motor Price Performance

DCX stock traded down $0.12 during midday trading on Thursday, reaching $0.74. The company’s stock had a trading volume of 122,206 shares, compared to its average volume of 468,690. Chijet Motor has a 52 week low of $0.63 and a 52 week high of $2,136.00. The business’s 50-day simple moving average is $1.04 and its 200-day simple moving average is $1.74.

Insider Buying and Selling

In other news, CEO Melissa N. Chen acquired 41,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $51,250.00. Following the transaction, the chief executive officer owned 41,000 shares of the company’s stock, valued at approximately $51,250. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.04% of the company’s stock.

Chijet Motor Company Profile

(Get Free Report)

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.

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