Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Up 77.2% in June

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 623,100 shares, an increase of 77.2% from the May 31st total of 351,600 shares. Based on an average daily trading volume, of 4,540,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Alberta Investment Management Corp bought a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned approximately 0.93% of Zoomcar as of its most recent filing with the SEC. 3.71% of the stock is owned by hedge funds and other institutional investors.

Zoomcar Stock Performance

NASDAQ:ZCAR opened at $0.15 on Friday. The firm has a fifty day moving average price of $0.23. Zoomcar has a 1-year low of $0.13 and a 1-year high of $14.75.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.