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

Chijet Motor Company, Inc. (NASDAQ:DCX) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 63,500 shares, a decline of 51.7% from the September 30th total of 131,514 shares. Approximately 529.2% of the shares of the stock are short sold. Based on an average trading volume of 1,302,906 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Chijet Motor from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Chijet Motor Stock Performance

DCX stock traded down $0.01 during midday trading on Friday, reaching $1.18. The company’s stock had a trading volume of 48,062 shares, compared to its average volume of 111,253. The stock has a fifty day simple moving average of $45.89 and a two-hundred day simple moving average of $258.51. Chijet Motor has a 1 year low of $1.10 and a 1 year high of $11,020.80.

Chijet Motor (NASDAQ:DCX) last issued its quarterly earnings results on Friday, September 18th. The company reported $266.40 earnings per share for the quarter.

Chijet Motor Company Profile

Chijet Motor Company, Inc (NASDAQ:DCX) is an automotive company focused on the development, manufacture and sale of new-energy vehicles and conventional automobiles. Its business activities include vehicle research and development, production, sales and related mobility services.

The company has described its product focus as including passenger vehicles, commercial vehicles and electric vehicles, with an emphasis on combining electrification, intelligent vehicle technologies and transportation services.