Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 17.3% in November

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 234,400 shares, a decline of 17.3% from the November 15th total of 283,500 shares. Based on an average daily trading volume, of 62,600 shares, the short-interest ratio is currently 3.7 days. Currently, 5.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl comprises approximately 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Connective Capital Management LLC owned approximately 0.28% of Swvl at the end of the most recent reporting period. Institutional investors own 34.03% of the company’s stock.

Swvl Price Performance

Shares of Swvl stock opened at $6.44 on Monday. Swvl has a 1 year low of $0.88 and a 1 year high of $21.94. The stock has a 50-day moving average price of $4.64 and a 200 day moving average price of $5.70.

Swvl Company Profile

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.