Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Decrease in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 51,800 shares, a decrease of 28.7% from the January 31st total of 72,700 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. HITE Hedge Asset Management LLC purchased a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned about 0.48% of Swvl as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 34.03% of the company’s stock.

Swvl Trading Down 3.8 %

Shares of Swvl stock traded down $0.19 during trading on Monday, reaching $4.76. 11,475 shares of the stock traded hands, compared to its average volume of 19,534. Swvl has a 52-week low of $2.55 and a 52-week high of $21.94. The business has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $4.94.

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.