Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Update

by · The Markets Daily

Chijet Motor Company, Inc. (NASDAQ:DCX – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 126,637 shares, an increase of 99.4% from the August 31st total of 63,520 shares. Approximately 63.3% of the company’s shares are short sold. Based on an average daily volume of 119,893 shares, the days-to-cover ratio is currently 1.1 days.

Insider Buying and Selling

In other news, CEO Melissa N. Chen acquired 256 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of $200.00 per share, with a total value of $51,200.00. Following the acquisition, the chief executive officer owned 256 shares of the company’s stock, valued at $51,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.04% of the stock is currently owned by insiders.

Chijet Motor Stock Up 2.8%

Shares of Chijet Motor stock traded up $0.10 during trading on Wednesday, reaching $3.71. 191,765 shares of the company were exchanged, compared to its average volume of 36,480. Chijet Motor has a twelve month low of $3.44 and a twelve month high of $97,536.00. The business has a 50-day moving average price of $110.40 and a 200-day moving average price of $236.03.

Chijet Motor (NASDAQ:DCX – Get Free Report) last released its earnings results on Friday, September 18th. The company reported $267.20 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Chijet Motor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chijet Motor presently has a consensus rating of “Sell”.

View Our Latest Stock Report on DCX

Chijet Motor Company Profile

(Get Free Report)

Chijet Motor Company, Inc is an automotive company focused on the development, manufacture and sale of new-energy vehicles and traditional fuel-powered vehicles. Its activities include vehicle design, production, distribution and related automotive services.

The company’s product portfolio is centered on electric vehicles and plug-in hybrid vehicles, while also encompassing conventional automobiles and automotive components. Chijet has described its business as serving consumer and commercial transportation markets through vehicle sales and parts-related operations.

Chijet is based in China and has focused primarily on the Chinese automotive market, with stated ambitions to participate in the broader international transition toward electrified transportation.

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