Chijet Motor (NASDAQ:CJET) Shares Down 5.1%

Chijet Motor Company, Inc. (NASDAQ:CJET)’s stock price fell 5.1% during trading on Thursday . The company traded as low as $0.30 and last traded at $0.31. 43,442 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 109,179 shares. The stock had previously closed at $0.33.

Chijet Motor Trading Down 5.1 %

The company’s 50-day moving average price is $0.38 and its two-hundred day moving average price is $0.86.

Institutional Trading of Chijet Motor

Several hedge funds and other institutional investors have recently bought and sold shares of CJET. Walleye Capital LLC boosted its position in Chijet Motor by 772.1% during the 3rd quarter. Walleye Capital LLC now owns 889,127 shares of the company’s stock valued at $1,485,000 after buying an additional 787,172 shares during the period. Walleye Trading LLC raised its stake in shares of Chijet Motor by 772.1% during the third quarter. Walleye Trading LLC now owns 500,134 shares of the company’s stock valued at $835,000 after acquiring an additional 442,784 shares during the last quarter. Finally, Bluefin Capital Management LLC boosted its holdings in shares of Chijet Motor by 64.3% during the third quarter. Bluefin Capital Management LLC now owns 570,083 shares of the company’s stock worth $952,000 after purchasing an additional 223,166 shares during the period.

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.