Chijet Motor Company, Inc. (NASDAQ:DCX – Get Free Report) was the recipient of a large increase in short interest during 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 shares of the stock are short sold. Based on an average daily trading volume, of 119,893 shares, the days-to-cover ratio is currently 1.1 days.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Chijet Motor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Chijet Motor
Chijet Motor Trading Up 2.8%
Chijet Motor (NASDAQ:DCX – Get Free Report) last posted its quarterly earnings results on Friday, September 18th. The company reported $267.20 EPS for the quarter.
Insider Buying and Selling
In related news, CEO Melissa N. Chen purchased 256 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was bought at an average price of $200.00 per share, with a total value of $51,200.00. Following the completion of the transaction, the chief executive officer owned 256 shares of the company’s stock, valued at approximately $51,200. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.04% of the company’s stock.
Chijet Motor Company Profile
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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