Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Growth in Short Interest

by · The Markets Daily

Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 34,767 shares, an increase of 47.2% from the December 15th total of 23,622 shares. Based on an average daily volume of 18,209 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 18,209 shares, the days-to-cover ratio is currently 1.9 days.

Swvl Trading Down 4.5%

Shares of NASDAQ:SWVL traded down $0.12 during midday trading on Friday, hitting $2.60. 21,111 shares of the stock were exchanged, compared to its average volume of 13,519. Swvl has a twelve month low of $1.81 and a twelve month high of $5.72. The company has a 50 day moving average price of $2.48 and a 200-day moving average price of $3.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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About Swvl

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Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company’s technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl’s services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.

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