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

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 54,600 shares, a growth of 32.8% from the August 31st total of 41,100 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 37,500 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the second quarter, according to its most recent filing with the SEC. The fund acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th largest holding. Connective Capital Management LLC owned approximately 0.28% of Swvl as of its most recent filing with the SEC. 34.03% of the stock is owned by institutional investors.

Swvl Stock Down 3.1 %

Swvl stock opened at $2.77 on Friday. Swvl has a 1-year low of $0.71 and a 1-year high of $21.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $5.51 and a 200 day simple moving average of $8.30.

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.