Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 58.0% in January

Swvl Holdings Corp. (NASDAQ:SWVLGet Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 120,800 shares, a drop of 58.0% from the January 15th total of 287,600 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 173,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. Renaissance Technologies LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVLFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,931 shares of the company’s stock, valued at approximately $43,000. Hedge funds and other institutional investors own 0.14% of the company’s stock.

Swvl Price Performance

Swvl stock traded up $0.44 on Monday, reaching $4.56. The company’s stock had a trading volume of 50,944 shares, compared to its average volume of 361,995. The business’s fifty day moving average price is $2.90 and its 200 day moving average price is $1.65. Swvl has a twelve month low of $0.62 and a twelve month high of $6.49.

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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