Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Decreases By 23.5%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 56,500 shares, a decline of 23.5% from the May 15th total of 73,900 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 88,100 shares, the short-interest ratio is presently 0.6 days.

Swvl Stock Performance

Shares of SWVL traded down $0.20 during trading hours on Friday, hitting $8.15. The stock had a trading volume of 17,039 shares, compared to its average volume of 26,098. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50-day moving average price of $10.58 and a 200 day moving average price of $6.96. Swvl has a fifty-two week low of $0.62 and a fifty-two week high of $21.94.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Gerber LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned 0.37% of Swvl as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 34.03% of the company’s stock.

About Swvl

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.