Short Interest in Chijet Motor Company, Inc. (NASDAQ:DCX) Increases By 705.7%

Chijet Motor Company, Inc. (NASDAQ:DCX) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 99,934 shares, a growth of 705.7% from the April 15th total of 12,403 shares. Based on an average daily volume of 1,432,150 shares, the short-interest ratio is presently 0.1 days. Currently, 50.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Chijet Motor Stock Performance

Shares of DCX stock opened at $2.22 on Thursday. The firm’s 50 day moving average is $1.93 and its 200 day moving average is $421.31. Chijet Motor has a 12 month low of $1.43 and a 12 month high of $3,432.00.

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

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.