Swvl Holdings Corp. (NASDAQ:SWVL - Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 86,500 shares, a growth of 28.9% from the April 15th total of 67,100 shares. Based on an average trading volume of 111,700 shares, the short-interest ratio is presently 0.8 days. Approximately 2.4% of the shares of the stock are short sold.
Swvl Price Performance
NASDAQ:SWVL traded down $0.68 during mid-day trading on Friday, reaching $10.14. The stock had a trading volume of 96,253 shares, compared to its average volume of 87,962. The firm has a 50 day moving average price of $10.78 and a two-hundred day moving average price of $5.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Swvl has a one year low of $0.62 and a one year high of $21.94.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Swvl stock. Gerber LLC purchased a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $296,000. Gerber LLC owned about 0.37% of Swvl at the end of the most recent reporting period. Institutional investors and hedge funds own 34.03% of the company's stock.
About Swvl
(
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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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