Chijet Motor Company, Inc. (NASDAQ:DCX) Sees Large Increase in Short Interest

Chijet Motor Company, Inc. (NASDAQ:DCX) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 84,971 shares, a growth of 200.2% from the June 15th total of 28,308 shares. Based on an average trading volume of 811,976 shares, the days-to-cover ratio is presently 0.1 days. Approximately 42.5% of the shares of the stock are short sold.

Chijet Motor Stock Performance

Shares of NASDAQ DCX remained flat at $1.04 during mid-day trading on Monday. 209,560 shares of the stock traded hands, compared to its average volume of 649,442. Chijet Motor has a 12 month low of $0.86 and a 12 month high of $3,432.00. The firm’s fifty day moving average price is $2.04 and its two-hundred day moving average price is $2.57.

Chijet Motor (NASDAQ:DCX) last announced its earnings results on Thursday, April 30th. The company reported $1,035.89 EPS for the quarter. The business had revenue of ($0.27) million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Chijet Motor in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Chijet Motor

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.