Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 51,700 shares, a drop of 13.8% from the June 15th total of 60,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,700 shares, the short-interest ratio is currently 1.0 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Swvl stock. Gerber LLC bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. Hedge funds and other institutional investors own 34.03% of the company’s stock.
Swvl Trading Up 3.8 %
Shares of NASDAQ SWVL opened at $7.06 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average of $8.58 and a 200 day moving average of $7.92. Swvl has a one year low of $0.62 and a one year high of $21.94.
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.
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