Swvl Holdings Corp. (NASDAQ:SWVL) Sees Large Growth in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 54,600 shares, a growth of 32.8% from the August 31st total of 41,100 shares. Based on an average daily volume of 37,500 shares, the short-interest ratio is currently 1.5 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC acquired a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up about 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Connective Capital Management LLC owned about 0.28% of Swvl at the end of the most recent quarter. 34.03% of the stock is currently owned by institutional investors.

Swvl Stock Down 3.1 %

NASDAQ:SWVL traded down $0.09 during mid-day trading on Friday, hitting $2.77. The company’s stock had a trading volume of 47,383 shares, compared to its average volume of 111,911. The business’s fifty day moving average is $5.60 and its two-hundred day moving average is $8.32. Swvl has a 1 year low of $0.71 and a 1 year high of $21.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05.

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.