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

Key Points

• Short interest surged 734% to 330,550 shares as of August 31, up from 39,633 shares on August 15. About 4.8% of Swvl’s outstanding stock was sold short.
• Angeles Wealth Management opened a new position of 37,000 shares worth approximately $52,000, while institutional investors and hedge funds collectively owned 34.03% of the company.
• Swvl shares traded at $7.94, up 11.8%, but analyst sentiment remained negative: Weiss Ratings reiterated a “sell” rating, and the consensus rating was also “Sell.”

Swvl Holdings Corp. (NASDAQ:SWVL - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 330,550 shares, a growth of 734.0% from the August 15th total of 39,633 shares. Based on an average daily volume of 7,292,955 shares, the short-interest ratio is presently 0.0 days. Approximately 4.8% of the company's stock are short sold.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 37,000 shares of the company's stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl as of its most recent filing with the Securities & Exchange Commission. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Swvl in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Swvl Trading Up 11.8%

NASDAQ SWVL opened at $7.94 on Friday. The company's 50 day moving average is $2.23 and its 200-day moving average is $1.79. Swvl has a 12-month low of $1.30 and a 12-month high of $8.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08.

Swvl (NASDAQ:SWVL - Get Free Report) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.04 EPS for the quarter. The business had revenue of $6.99 million for the quarter.

Swvl Company Profile

Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company's technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl's services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.

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