Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Update

by · The Cerbat Gem

Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 56,900 shares, an increase of 42.3% from the March 15th total of 40,000 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. HITE Hedge Asset Management LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned about 0.48% of Swvl as of its most recent filing with the Securities & Exchange Commission. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Swvl Stock Down 4.1 %

Shares of SWVL traded down $0.13 during trading hours on Friday, reaching $2.95. 11,708 shares of the company traded hands, compared to its average volume of 34,636. Swvl has a 12-month low of $2.40 and a 12-month high of $15.41. The stock’s fifty day moving average price is $4.25 and its 200 day moving average price is $4.71.

Swvl Company Profile

(Get Free Report)

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.

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