Chijet Motor Company, Inc. (NASDAQ:DCX) Short Interest Update

Chijet Motor Company, Inc. (NASDAQ:DCX) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 473,126 shares, an increase of 456.8% from the June 30th total of 84,971 shares. Currently, 236.6% of the company’s shares are sold short. Based on an average daily volume of 2,638,816 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chijet Motor in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Chijet Motor presently has an average rating of “Sell”.

Chijet Motor Stock Down 11.3%

NASDAQ:DCX traded down $0.08 during mid-day trading on Friday, reaching $0.63. 16,792 shares of the company’s stock traded hands, compared to its average volume of 1,387,427. Chijet Motor has a 12-month low of $0.63 and a 12-month high of $3,408.00. The company has a 50 day moving average price of $1.75 and a 200-day moving average price of $2.31.

Chijet Motor (NASDAQ:DCX) last released its quarterly earnings data on Thursday, April 30th. The company reported $1,035.89 earnings per share for the quarter. The business 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.