Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCARW) Decreases By 50.0%

Zoomcar Holdings, Inc. (NASDAQ:ZCARW) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 54,200 shares, a drop of 50.0% from the February 13th total of 108,500 shares. Based on an average trading volume of 111,600 shares, the days-to-cover ratio is currently 0.5 days.

Zoomcar Price Performance

Shares of ZCARW opened at $0.01 on Friday. Zoomcar has a 1-year low of $0.01 and a 1-year high of $0.05. The firm has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.02.

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.