Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Decreases By 17.3%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 234,400 shares, a decline of 17.3% from the November 15th total of 283,500 shares. Based on an average daily trading volume, of 62,600 shares, the days-to-cover ratio is presently 3.7 days. Currently, 5.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up approximately 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Connective Capital Management LLC owned about 0.28% of Swvl as of its most recent SEC filing. Institutional investors own 34.03% of the company’s stock.

Swvl Price Performance

NASDAQ:SWVL opened at $6.44 on Friday. The firm has a 50-day moving average of $4.64 and a two-hundred day moving average of $5.76. Swvl has a 1-year low of $0.88 and a 1-year high of $21.94.

Swvl Company Profile

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.