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

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 93,900 shares, a decrease of 32.4% from the December 15th total of 139,000 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.2% of the shares of the stock are sold short.

Swvl Price Performance

NASDAQ SWVL traded up $0.35 during midday trading on Wednesday, hitting $5.10. The company had a trading volume of 23,114 shares, compared to its average volume of 29,879. The firm has a 50-day moving average price of $5.80 and a 200-day moving average price of $5.32. Swvl has a twelve month low of $2.55 and a twelve month high of $21.94.

Institutional Inflows and Outflows

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

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.