Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Update

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

Institutional Investors Weigh In On Zoomcar

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

Zoomcar Stock Performance

ZCAR stock opened at $0.16 on Friday. The company has a fifty day simple moving average of $0.23. Zoomcar has a 12 month low of $0.13 and a 12 month high of $14.75.

Zoomcar Company Profile

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.