Chijet Motor Stock Set to Reverse Split on Wednesday, July 31st (NASDAQ:CJET)

Chijet Motor Company, Inc. (NASDAQ:CJET) shares are scheduled to reverse split on Wednesday, July 31st. The 1-30 reverse split was announced on Friday, June 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 30th.

Chijet Motor Stock Performance

Shares of NASDAQ:CJET opened at $5.36 on Monday. The company has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.62. Chijet Motor has a 12-month low of $4.56 and a 12-month high of $155.40.

Hedge Funds Weigh In On Chijet Motor

An institutional investor recently raised its position in Chijet Motor stock. Walleye Capital LLC increased its position in Chijet Motor Company, Inc. (NASDAQ:CJET) by 772.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 889,127 shares of the company’s stock after acquiring an additional 787,172 shares during the period. Walleye Capital LLC owned approximately 4.90% of Chijet Motor worth $1,485,000 at the end of the most recent reporting 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.