Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Down 51.3% in September

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 759,100 shares, a decline of 51.3% from the September 15th total of 1,560,000 shares. Based on an average daily trading volume, of 7,130,000 shares, the short-interest ratio is presently 0.1 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Clear Street LLC bought a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned about 0.07% of Zoomcar at the end of the most recent quarter. Institutional investors and hedge funds own 3.71% of the company’s stock.

Zoomcar Stock Performance

NASDAQ:ZCAR opened at $0.14 on Friday. The company’s 50 day moving average price is $0.14 and its 200-day moving average price is $0.22. Zoomcar has a 52 week low of $0.10 and a 52 week high of $14.75.

Zoomcar (NASDAQ:ZCAR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. The business had revenue of $2.24 million during the quarter.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.