Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Large Increase in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 173,200 shares, an increase of 64.2% from the December 15th total of 105,500 shares. Currently, 8.4% of the company’s shares are sold short. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 0.1 days.

Zoomcar Stock Up 2.5 %

Shares of Zoomcar stock opened at $2.06 on Thursday. Zoomcar has a 12 month low of $1.25 and a 12 month high of $638.00. The business has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $9.93.

Insider Buying and Selling at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima bought 32,052 shares of the stock in a transaction on Tuesday, December 24th. The stock was purchased at an average price of $1.56 per share, with a total value of $50,001.12. Following the acquisition, the chief executive officer now owns 32,052 shares of the company’s stock, valued at approximately $50,001.12. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark F. Sr. Bailey purchased 184,112 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $4.28 per share, for a total transaction of $787,999.36. Following the purchase, the director now owns 1,534,496 shares in the company, valued at $6,567,642.88. This trade represents a 13.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 14.80% of the company’s stock.

Zoomcar Company Profile

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.