Short Interest in Chijet Motor Company, Inc. (NASDAQ:DCX) Declines By 49.4%

Chijet Motor Company, Inc. (NASDAQ:DCX – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 63,520 shares, a decline of 49.4% from the August 15th total of 125,635 shares. Based on an average daily trading volume, of 84,526 shares, the days-to-cover ratio is currently 0.8 days. Currently, 31.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Chijet Motor in a research report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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Chijet Motor Trading Down 14.1%

Shares of DCX stock traded down $0.06 on Tuesday, reaching $0.35. The company’s stock had a trading volume of 229,758 shares, compared to its average volume of 612,221. The stock’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $1.59. Chijet Motor has a 1 year low of $0.34 and a 1 year high of $609.60.

Insider Transactions at Chijet Motor

In related news, CEO Melissa N. Chen bought 41,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was acquired at an average price of $1.25 per share, with a total value of $51,250.00. Following the transaction, the chief executive officer owned 41,000 shares in the company, valued at approximately $51,250. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 22.04% of the company’s stock.

About Chijet Motor

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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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