Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 261,400 shares, an increase of 378.8% from the September 15th total of 54,600 shares. Approximately 6.2% of the company’s shares are sold short. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is presently 6.5 days.
Hedge Funds Weigh In On Swvl
A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl accounts for about 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th biggest holding. Connective Capital Management LLC owned 0.28% of Swvl as of its most recent SEC filing. 34.03% of the stock is currently owned by institutional investors and hedge funds.
Swvl Trading Up 3.4 %
SWVL traded up $0.11 during trading hours on Friday, reaching $3.18. The company’s stock had a trading volume of 9,208 shares, compared to its average volume of 107,848. Swvl has a fifty-two week low of $0.71 and a fifty-two week high of $21.94. The business’s 50-day moving average is $4.71 and its 200-day moving average is $7.88.
About Swvl
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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