Chijet Motor Company, Inc. (NASDAQ:DCX) Sees Significant Decline in Short Interest

Chijet Motor Company, Inc. (NASDAQ:DCX) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 56,468 shares, a decline of 43.5% from the April 30th total of 99,934 shares. Approximately 28.2% of the shares of the company are sold short. Based on an average daily volume of 22,974 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

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

Chijet Motor Stock Down 4.5%

DCX stock traded down $0.11 during trading on Thursday, reaching $2.35. 1,591 shares of the company were exchanged, compared to its average volume of 469,201. The stock’s 50 day moving average price is $2.12 and its 200 day moving average price is $4.98. Chijet Motor has a 52-week low of $1.43 and a 52-week high of $3,432.00.

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

Chijet Motor Company Profile

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.