Thu Sep 19 08:22:03 UTC 2024: ## Short Interest in Chijet Motor Company Declines in August
**New York, NY – September 19, 2024** – Chijet Motor Company, Inc. (NASDAQ: CJET) saw a significant decrease in short interest during the month of August. Data released today shows that short interest dropped by 6.6% from 78,400 shares on August 15th to 73,200 shares on August 31st. This drop signifies a potential shift in investor sentiment towards the company.
The short-interest ratio currently stands at 0.7 days, calculated based on an average daily trading volume of 110,000 shares. This indicates that it would take less than a day for short sellers to cover their positions, suggesting a more optimistic market outlook.
Despite the decline in short interest, 14.8% of the company’s shares are currently short sold. Shares of Chijet Motor opened at $2.70 on Thursday, with a 12-month low of $2.39 and a 12-month high of $2,691.00.
Investors are closely watching Chijet Motor as the company navigates the evolving automotive market. Analysts are suggesting that the recent decline in short interest may be a positive indicator, but it remains to be seen how the company will perform in the coming months.
First Piper 