Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 40.7% in December

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 139,000 shares, a drop of 40.7% from the November 30th total of 234,400 shares. Based on an average daily volume of 41,600 shares, the short-interest ratio is currently 3.3 days. Approximately 3.3% of the company’s shares are short sold.

Swvl Price Performance

Shares of NASDAQ SWVL opened at $6.54 on Friday. The business’s 50 day moving average is $5.14 and its two-hundred day moving average is $5.52. Swvl has a 52-week low of $1.00 and a 52-week high of $21.94.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl accounts for 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th biggest holding. Connective Capital Management LLC owned 0.28% of Swvl as of its most recent filing with the Securities and Exchange Commission. 34.03% of the stock is owned by institutional investors.

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.