Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Up 200.2% in June

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

Chijet Motor Trading Down 3.8%

Shares of DCX stock traded down $0.04 during trading hours on Tuesday, hitting $0.95. The company had a trading volume of 81,933 shares, compared to its average volume of 645,311. 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 is $2.02 and its 200 day moving average is $2.54.

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

Wall Street Analyst Weigh In

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

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.